The Pension Plan Report provides detailed information on employee and employer contributions to the company’s pension plan for a selected date range. This report ensures accurate tracking of retirement plan deductions and contributions for compliance, financial reconciliation, and year-end reporting.
When to Use It
Payroll Cycle Review: To verify pension plan deductions and employer contributions before finalizing payroll.
Benefits Administration: To monitor pension plan participation and contribution accuracy.
Audit Preparation: To provide detailed pension plan records for internal or external audits.
Year-End Reporting: To confirm totals for annual compliance and reporting to plan providers.
Who Uses the Pension Plan Report, How Often, and Why
