The Contribution Fund screen is used by multiemployer plan administrators to construct the contribution requirements for employer pension, health and welfare programs.

• Period:
  
  
  • Effective Date: contribution start date
  • Stop Date: end date, if applicable
• Basic Information:
  
  
  • Description: describe the contribution specifications for the multiemployer fund portal. Enter a brief description.
  • Fund Type: select the type of fund from the choices listed - Pension, Healthcare, Leave or Workers Comp.
  • Mask SSN displayed on invoice: check this box to hide privileged SSN information on a generated invoice.
  • Do not prefill new invoices with prior period hours: check this box to exclude prior period hours from a new invoice.
  • Timing: identify the Contribution Fund Deposit timing.
    
    
    • Payment Due Date Day: this is the day in the month the payment is due.
    • Deposit Priority: sets a priority level for the deposit in case of multiple Fund Deposits.
    • Deposit Date: select whether the deposit date is based on the Date Received or the Date Postmarked.
    • Late Grace Period: identify the grace period using months and/or days.
    • Late Fees: the late fee can be determined based on a Fixed Penalty Amount or as an Interest Penalty Rate. The penalty can be applied on the first occurence or once per month.
• Invoice Frequency:
  
  
  • Deposit Interval: select the interval from a dropdown list of various choices, e.g. weekly, bi-weekly, monthly, etc.
  • Period Start: identify the month and day in the year for which the contribution period starts
• Determination of Participant's Employer:
  
  
  • Reported Amount: select the Reported Amount basis from a dropdown list of various choices, e.g. base, bonus, hours, etc. If the basis of contributions vary, identify the Reported Amount variation.
  • Amount Type: identify whether this contribution information is for the primary and secondary Reported Amount variation source.
• Invoice Amount Determination: select from one of the choices listed - Flat Amount, Reported Amount x Fixed Ratio or Reported Amount x Sponsor Amount
  
  
  • Flat Amount: flat dollar amount to accessed with the Invoice Frequency defined above.
  • Reported Amount x Fixed Ratio: select the fund source, set the ratio to 1 or enter the appropriate ratio.
  • Reported Amount x Sponsor Amount: identify the source of the reported amount as well as the sponsor amount by identifying the contract
    
    
    • Matching Sponsor Amount Values to Participant Reported Amount Values: use this section to define criteria (Contract or Additional Identifier) to use in order to associate the correct Sponsor Amount and Reported Amount values.