Time: Employee Benefits Plan
Table of Contents
Navigate to the Employee Benefits Plan
To navigate to the Employee Benefits Plan Page, first navigate to the "Time" page from the main navigation bar at the top of the screen. Then, select "Settings" from the sub-navigation bar. Next, click "Employee Benefits Plan" on the lefthand menu bar (see the video below for a demonstration):
Creating an Employee Benefits Plan
From the Employee Benefits Page, click the "+ New Benefits Plan" Button. This will open the New Benefits Plan Form (pictured below).
There are several fields in the New Benefits Plan Form:
- Plan Name (Required):
- The name of your Employee Benefit Plan, exactly as it appears in DOL Form 5500
- Plan Number (Required):
- The plan number (PN) of your Employee Benefit Plan, exactly as it appears in DOL Form 5500
- This should be a three-digit number
- Benefit Category (Required):
- The fringe benefit category provided by the plan
- Funded Toggle (Required):
- Toggle on if the Employee Benefit Plan is paid into a bona fide plan or to a 3rd party on behalf of the employees.
- Jointly Managed Toggle (Required):
- Toggle on if the Employee Benefit Plan is jointly managed as a Taft Hartley Fund.
After filling out all required fields, click "Save" to create the Employee Benefits Plan. The Employee Benefits Plan will then appear in the list on the Employee Benefits Page.
Please see the video below for a demonstration:
