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lr-romero
April 12, 2021
Question

Set up Roth 401k

  • April 12, 2021
  • 2 replies
  • 0 views
How do I set up employer match for a Roth 401K?

2 replies

Rose-A
Rose-A
April 12, 2021

I can provide you the step-by-step process in setting up an employer match for Roth 401K, lr-romero.

 

You can set up the employer's match for Roth 401K through the employee's profile. Here's how:

 

  1. From the left panel, click Employees. (In QuickBooks Online Payroll, select Payroll menu, then select Employees.)
  2. Select the employee's name and the pencil icon beside Pay to Edit.
  3. Go to the Deductions & Contributions section (number 5), and click Add a deduction.
  4. Select Retirement Plans as the category and After-tax Roth 401(k) as the type.
  5. Enter a description.
  6. Hit OK.

You can take a look at this article: Retirement plan deductions/contributions. This will provide you tips on how to combine deductions limits for ROTH 401K as well as setting up other retirement deductions plan in QuickBooks Online.

 

Let me know if there's anything else I can do for you, I want to make sure you're taken care of. Thanks for reaching out, wishing you and your business the best.

Rose-A
Rose-A
April 13, 2021

Hi, lr-romero.

 

Hope you're doing great. I wanted to see how everything is going about setting up ROTH 401K you had yesterday. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I'd be happy to help you at anytime.


Looking forward to your reply. Have a pleasant day ahead!

D
DeeCee7337
January 11, 2023

In QB Payroll, there is no option for a Roth 401K. Where to set up a Roth 401K and Match?

J
jamespaul
January 11, 2023

Hello, DeeCee7337.

 

I'll clear up some things and make sure you're able to set up the Roth 401(k) plan for your employee. 

 

Looking at your screenshot, we can simply click on the Add deduction/contribution option to add the Roth 401(k) plan. Here are the complete steps to set it up: 

 

  1. Click on the Add deduction/contribution.
  2. Under Deduction/contribution type, select Retirement plans.
  3. Set the type to After-tax Roth 401(k).
  4. Add the Employee deduction amount.
  5. Click Save. 

 

 

This will now be added to the employee's list of deductions. If you'd like to set up more plans or HSA for your employees, I'll share a couple of these articles: 

 

 

I'll also add this article in case you need help running your payroll reports to see your employees' current year-to-date data in the future: Run payroll reports in QuickBooks Online Payroll. 

 

Ask around if you have more questions or concerns about setting up employee deductions in QuickBooks. If you have some issues with your reports, entries, and other things, let me know and I'll gladly help you out. 

J
jschroeder22
January 11, 2024

How do you add the company contribution portion to the Roth deduction?  It is not an option as it is for the pre-tax 401k deduction.  Thank  you.

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