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New NetSuite 2021.2 SuitePeople U.S. Payroll Features
This notice applies to you if you are using NetSuite SuitePeople U.S. Payroll. In NetSuite 2021.2, SuitePeople U.S. Payroll will introduce two new features:
- 401(k) Plan Setup
- Custom Elective Deferral Limits and Automatic Catch-Up Calculation
These features will be available when your account is upgraded to 2021.2.
Why is this Changing?
These new features will make it easier to calculate employee contributions and employer matching by eliminating recurring manual steps.
What is Changing?
401(k) Plan Setup
Payroll Managers can use this feature to:
- Define a 401(k) plan based on an employee’s gross income or a group of eligible earnings.
Regards,
@Robert Nedelkow-Oracle | NetSuite Support Community Administrator
In case you know someone who is new to NetSuite, we encourage you to direct them to our newly launched "New to NetSuite" page. This page is specifically designed to offer them information and guidance and help them make the most out of their NetSuite journey. Click here for more details.