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Description
The report is to provide answers to part of Items 7, 21, and 32 of Form5500 (Annual Return/Report of Employee Benefit Plan), based on theinformation available in the system.
When you run the report, the application tool bar of the initial screenhas, in addition to the standard selection options, two optionsspecifically created for this report. They are General Information
, and Item 7, 21.
Selecting either of these options will display a different screen. Thedefault screen is General Information. The function of eachscreen is described below.
The General Information screen is used to define the testingpopulation. You can choose the employees to be tested by:
- Personnel number
- Company code
- Personnel area
- Personnel subarea
- Employee group
- Employee subgroup
- Payroll area, and
- Job
You can control the testing group by imposing further restrictions suchas Benefit Area, Benefit Group, and Benefit Status via the dynamicselections screen
The Plan Information box asks you to enter the benefit area,benefit plan, and type of plan, such as fringe, welfare, or pension. Youmust also enter the plan-year begin date and end date in the DateSelection box. All of these fields are mandatory.
The Item 7, 21 screen is to get information needed for items 7and 21 on the ERISA form. In order to identify the employees who areactive, deceased, or terminated, you must maintain three features whichmake use of information in the Actions infotype (0000). Thestandard features provided are:
- ACTIV
- DECEA and
- TERMI
You can copy these features and maintain your own; simply provide theirnames in the appropriate fields.
You must also enter the wage types indicating whether the retired orseparated employees are receiving benefits.
The system then checks whether the amounts of the wage types are greaterthan 0. If this is the case, then the employee is receiving benefits.
In addition, you can choose which method is used for identifying highlycompensated employees, by selecting the corresponding option.
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