To define an activity rate for a standard contribution/distribution:You create a separate contribution or distribution activity rate calculation for each plan or option in your benefits offering that requires a contribution or distribution. After you link the calculation to the plan or option, you define the calculation.
You date effectively maintain standard contributions and distributions using the Standard Rates window. You can also use Total Compensation Setup Wizard to update multiple rates simultaneously.
To define an activity rate for a standard contribution/distribution:Enter or query the standard contribution or distribution that you are defining in the Name field.
Select the Status of this activity rate.
Pending: This plan or option in plan currently does not use this calculation, but could in the future if you change the Status of this calculation to Active. Select the Pending status when setting up a standard contribution/distribution calculation that possibly may not become Active.
Active: The system currently calculates this standard contribution/distribution for this plan or option in plan.
Inactive: The system currently does not calculate this standard contribution/distribution for this plan or option in plan.
Closed: The system currently does not calculate this standard contribution/distribution, nor will it do so in the future.
Choose the General tabbed region if it is not already selected.
Select the Level in the compensation object hierarchy at which you are defining the activity rate.
Select the Compensation Object for which you are defining the activity rate.
Select an Activity Type code that identifies the business function this calculation performs, such as an Employee Contribution or an Employer Payroll Distribution.
Select the Tax Type indicating the tax impact of this calculation to participants.
You select this Tax Type primarily for classification purposes; the payroll system is primarily responsible for processing taxability.
Select a Usage code that limits the use of this activity rate to a particular kind of contribution or distribution.
Select a UOM (unit of measure) to express the result of this calculation if this activity rate is for a non-monetary distribution.
Select an Element Determination Rule. The application uses this rule to determine an employee's currency for the worksheet amount rate if you choose a Determination Code of Automatic or do not choose a determination code.
See: Defining Processing Information for a Standard Contribution/Distribution
Select the Element you defined that corresponds to this activity rate definition.
Note: Set up your elements as a prerequisite to defining your activity rates. If your element definition changes, you must re-attach the element to the rate. For an absence plan, you must also re-select the Extra Input Rule and re-map the input values to formula results.
Check the Element and Input Value Required field.
Select the Input Value for the activity rate, such as pay value.
If you are defining a rate for an absence plan and you need to associate more than one input value with the activity rate, select the Extra Input Rule. This is a formula that calculates the values to be returned to the other input values. When you have finished defining the rate, choose the Extra Inputs button to associate the formula results with the appropriate input values.
Check the Uses Variable Rate field if the result of this calculation varies due to some factor or other piece of discreet data about the participant and you associate a variable rate profile with the calculation.
To associate a variable rate profile to this activity rate, see Associating a Variable Rate Profile with a Standard Contribution/Distribution Calculation
Select the Parent/Child code to specify whether this calculation is a parent activity rate (the primary activity rate) or a child activity rate (dependent upon the parent activity rate).
Check the Subject to Imputed Income field if the activity rate for this compensation object is governed by US imputed income regulations.
Save your work.