The Deferred Compensation Plans Tab

The Deferred Compensation Plans tab in Payroll Setup > Deferred Compensation and Pension Plans is divided into two main sections. On the left, there is a collapsible sidebar displaying a list of existing deferred compensation plans, as well as a Filter icon and a Collapse icon. On the right, there is the section displaying the selected deferred compensation plan.

The toolstrip contains the following buttons:

Save: Saves all changes to edited entries in the list.
Refresh: Refreshes the list.
Problems: Expands or collapses the Problems panel.
Add: Opens a blank record to be configured.
Copy: Copies the selected entry in the list as a new entry.
Delete: Deletes the selected entry in the list.
Localize: Opens a dialog box with the cultures your instance is configured to use.

You can click Filter to expand the filter section, which has two buttons: Add a Filter (which loads a dialog box with the choice Tax Method) and Reset to Default.

In the section to the right, the details about the selected plan, containing the four sections General, Plan Limit, Benefit Limit, and Compensation Limit, is displayed:

Deferred Compensation Plans tab displays the General, Plan Limit, Benefit Limit, and Compensation Limit sections.

Available fields and controls in the Deferred Compensation Plans tab
Section or Control	Description
General
Name	Required. Indicates the name of the deferred compensation plan.
Tax Method	Required. The selection you make from this drop-down list – which are the tax types set up in Payroll Setup > Earnings and Deductions – determines the available selections in other controls in the Plan Limit, Benefit Limit, and Compensation Limit sections.
Puerto Rico Plans	Only becomes active if you select a tax method that is mapped to Puerto Rico tax forms. When available, the options are: Dual Qualified (US and PR) Puerto Rico Only
Reference Code	XREF code used for export and import. See Cross-Reference Codes.
Description	A description of the deferred compensation plan.
Plan Limit
Limit Option	Required. Drop-down list containing the following options: Based on Birth Date: Applies the appropriate limits and includes birth date limit variables in the System Limits subsection in a table with four columns (Year, Limit Amount, Criteria, and Age). Catch Up Only: Applies the appropriate limits and displays limits in the System Limits subsection in a table with two columns (Year and Limit Amount). Limit with Catch-Up: Applies the appropriate limits and displays limits in the System Limits subsection in a table with two columns (Year and Limit Amount). Also loads the Lookup Type (Deduction) and Lookup Type (Earning) drop-down lists. Plan Limit: Applies the appropriate limits and displays limits in the System Limits subsection in a table with two columns (Year and Limit Amount).
System Limits (appears in all Limit sections)	Displayed if any choice except Do Not Apply This Limit is selected in the Limit Option drop-down list. Table contents depend on which option is selected. The limits displayed are determined by the tax method selected in the Tax Method drop-down list in the General section.
Lookup Type (Deduction)	Required. Drop-down list containing the following options: Deduction: Select this to load the Deduction drop-down list with its respective contents. Deduction Grouping: Select this to load the Deduction Grouping drop-down list with its respective contents.
Deduction or Deduction Grouping	This drop-down list matches your selection in the Lookup Type drop-down: The Deduction drop-down list displays individual deduction codes. The Deduction Grouping drop-down list displays any deduction groupings you have configured.
Benefit Limit
Limit Option	Required. This drop-down list has four options: Apply Limit: Applies the appropriate limit and displays limits in table with two columns (Year and Limit Amount) table the System Limits subsection. Also loads the Lookup Type (Deduction) and Lookup Type (Earning) drop-down lists. Based on Birth Date: Applies the appropriate limits and includes birth-date limit variables in a table with four columns (Year, Limit Amount, Criteria, and Age). Do Not Apply This Limit: Does not apply the limit and does not populate the System Limits subsection. Limit with Catch-Up: Applies the appropriate limits and displays limits in a table with two columns (Year and Limit Amount. Also loads the Lookup Type (Deduction) and Lookup Type (Earning) drop-down lists.
Lookup Type (Deduction)	Required. Drop-down list containing the following options: Deduction: Select this to load the Deduction drop-down list with its respective contents. Deduction Grouping: Select this to load the Deduction Grouping drop-down list with its respective contents.
Deduction or Deduction Grouping	This drop-down list matches your selection in the Lookup Type drop-down list: The Deduction drop-down list displays individual deduction codes. The Deduction Grouping drop-down list displays any deduction groupings you have configured.
Lookup Type (Earning)	Required. Drop-down list containing the following options: Earning: Select this to load the Earning drop-down list with its respective contents. Deduction Grouping: Select this to load the Deduction Grouping drop-down list with its respective contents.
Earning or Earning Grouping	This drop-down list matches your selection in the Lookup Type drop-down list: The Earning drop-down list displays individual earning codes. The Earning Grouping drop-down list displays any earning groupings you have configured.
Compensation Limit
Limit Option	Required. This drop-down list contains the following options: Apply Limit: Applies the appropriate limit and displays limits in table with two columns (Year and Limit Amount) table the System Limits subsection. Also loads the Lookup Type (Deduction) and Lookup Type (Earning) drop-down lists. Do Not Apply This Limit: Does not apply the limit; does not populate the System Limits subsection.
Lookup Type (Deduction)	Required. Drop-down list containing the following options: Deduction: Select this to load the Deduction drop-down list with its respective contents. Deduction Grouping: Select this to load the Deduction Grouping drop-down list, which displays any deduction groupings you have configured.
Deduction or Deduction Grouping	This drop-down list matches your selection in the Lookup Type drop-down list: The Deduction drop-down list displays individual deduction codes. The Deduction Grouping drop-down list displays any deduction groupings you have configured.
Lookup Type (Earning)	Required. Drop-down list with the following options: Earning: Select this to load the Earning drop-down list with its respective contents. Earning Grouping: Select this to load the Earning Grouping drop-down list, which displays any deduction groupings you have configured.
Earning or Earning Grouping	This drop-down list matches your selection in the Lookup Type drop-down list: The Earning drop-down list displays individual earning codes. The Earning Grouping drop-down list displays any earning groupings you have configured.