SAP Knowledge Base Article - Preview

3602399 - Understanding the Differences Between Single and Generic Benefit Plans

Symptom

Users may encounter confusion when differentiating between single and generic benefit plans in the US payroll system, which can result in difficulties selecting the appropriate plan type for their organization or employee needs. This confusion might cause errors in payroll processing, inconsistent application of benefits, and challenges in configuring plan settings.
Understanding these differences is crucial for accurate plan selection and effective benefits management.


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Environment

  • HR renewal
  • SAP S/4HANA
  • SAP ERP 
  • SAP SuccessFactors Employee Central Payroll 

Product

HR renewal all versions ; SAP ERP all versions ; SAP S/4HANA all versions ; SAP SuccessFactors Employee Central Payroll all versions

Keywords

401K, Roth;401k; Saving plans; pre-tax deduction; post-tax deduction; Higher catch-up; benefits; V_5UBA_C , KBA , PA-PA-US-BN , Benefits USA , PY-US , USA , How To

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