Semiannual HSA Employer Contributions
We have an existing HSA plan in HCM but now want to add semi-annual employer contributions. We intend to provide $500 to every active employee enrolled in the HSA on the dates of the distributions, once in January and again in July.
I do not see a way to configure two separate employer contributions though. Is it possible to set this up so it the semiannual contributions will be included in the element entries sent to payroll?
Alternatively, we are considering just loading the element entries as a PBL file in January and again in July for the active employees. However, our payroll team has indicated these element entries would not be included in the YTD balances we report for W2 purposes.