Can we hide certain employer paid deductions on the employee pay check/pay advice?

We are currently on PeopleSoft HCM 9.2, PUM 45, PT 8.56.25.

We currently have an employer paid company retirement contribution benefit setup that calculates the ER paid contribution amount each payroll and distributes the funds to the employee's retirement account at the end of each payroll.

The company would like to make changes to this current process. Beginning in 2024, we only want to transfer the employer contribution amount to the employee's retirement account at the end of the year. We would like to continue to calculate the bi-weekly contribution amount and store the contribution amount in the employee's balance table so that accounting can accrue for the benefit throughout the year. However, we do not want to fund the employee's retirement account until the end of the year. provided they meet the eligibility requirements for the employer contribution.