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BN56.1 - Compensation History
**Form Purpose
Use Compensation History (BN56.1) to track employee compensation amounts and
participation hours for defined contribution and defined benefit plans for
each plan year. You can also record history for years before you began using
the Benefits application.
**Processing Effect
Plan years are based on the plan start date in BN15.1 (Benefit Plan). The
Benefits application tracks compensation and hours using the compensation pay
class in the Vesting Compensation form tab of BN15.1.
PR199 (Payroll Close) updates BN56.1 with current compensation and
participation hours for employees enrolled in defined contribution and defined
benefit plans. PR199 uses the date of a payment to determine which plan year
is updated.
For 401(k) or 403(b) plans, the plan year compensation is used to determine
if the employee has met the maximum compensation limit.
If the employee benefit is a percent of compensation, PR140 (Earnings and
Deductions Calculations) stops the employee's contribution when the employee's
compensation equals the maximum compensation limit.
Updated Files
CKPOINT - The Checkpoint file is the environment file used for recovery.
COMPHIST - The Employee Compensation History file is accessed by this
program.
Referenced Files
BENEFIT - The Employee Benefit file contains employee benefit records
for all benefit types.
The Employee Benefit file is used to verify employee benefit
records.
BNCOMPANY - The Benefit Company Parameters file is used to verify company
information.
BNLIMITS - The Benefits Limits file is used to default Maximum
Compensation Amount.
EMPLOYEE - The Employee file is used to verify employees.
HRSECLEV - The Employee Security Level file is accessed by this program.
PAEMPLOYEE - The Employee PA Information file is used to verify employees.
PLAN - The Benefit Plan file is used to verify plan codes.
PRSYSTEM - The HR Company and Process Levels file is used to verify
company information.
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