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Corrections for payees in a locked batch if: Originals done via ftw fulfillment To prepare a correction in the ftw system, users would select the company/plan in the system, click on "1099" to select the Form Type and Year before clicking on ...
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Once you press the “Compliance” button for a plan, you will be taken to the Compliance page where the system will have the “Add Year End” box ready for you to enter the first plan year end you want to work on. After entering the plan year end into t...
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Tabs are located on both the left and right side of every page. Clicking these tabs will take the user to one of the main screens in the software, such as the Census, Tasks or Transactions, as applicable. The options change depending on which page t...
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The Contribution section of Plan Specifications is where contribution limits will be entered, safe harbor specifications will be selected and allocation requirements for sources and 410(b) corrections will be selected. This is also where the Nonelec...
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The Workflow Grid is located in the Compliance Menu, under “Tools/Settings”, by clicking “Workflow”. This is a global grid, listing each plan under a customer’s account to which a year end has been added in the Compliance software and showing wh...
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History Uploads are located under “Tools/Settings” from within the Compliance Menu. The History Upload options give users the ability to upload service, compensation, contribution and distribution records from the inception of the plan to the cu...
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Closing out the Previous Year Make sure the old year is clean & complete on the testing side. Whether this was the first year on the system or not, before closing out the year you should make sure that the data is correct since it will provide a b...
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The total company contribution shall be allocated to each Participant such that the equivalent benefit accrual rate (EBAR or EAR) for each Participant is identical. The actual calculation is that a participant will receive an allocation based on the...
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If you are not subscribed to the ftw Plan Document module: If you have an existing plan designated as a "Misc" plan type, you have what you need. If the plan does not already exist, add a Misc plan type. In either case, you will be filling ...
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Primary Grid for census data – In the Census tab, verify that the Primary Grid is set to * ftw DB Census Collection (ce207db) . This will automatically update from the conversion year if you used the standard conversion grid in the prior year. I...