Even if you've set up an auto-submission for your recurring employee contributions, you may still make Employer contributions and other off-cycle contributions from ProgramPay at any time.
From the Contributions dashboard, click the "Other Action button and select "Off-cycle contribution"from the dropdown.
Then enter the date of your contribution.
- If you are making an employer contribution for the prior year, just be sure to select a date from the year of your contribution.
- When making employer contributions for the current year, please take care to ensure that you understand the rules and annual limits for employer contributions. If you are making a current year contribution before year end, you risk exceeding those limits. You should consult a tax professional for guidance on how much to contribute.
You will now proceed with entering your off-cycle following these instructions.
Once the submission is completed, ACH transfer of funds from your bank account to your retirement plan typically occurs within three to five days.