Payroll
Minimum Wage Alert on Exceptions Report
With this release, we’ve added a new section to the Exceptions Report to alert Partners when an employee is paid under minimum wage!
Secure 2.0 Section 601 & 109 Accommodations
Section 601 of the SECURE 2.0 Act allows employees who participate in a SIMPLE IRA plan to designate a Roth IRA as the IRA to which contributions are made. Section 109 of the SECURE 2.0 Act allows a higher catch-up limit to employees who are 60-63 years of age. We’ve added some options to accommodate these situations. If these apply to you, please contact Support for more information.
Keep an eye out for additional releases in 2025 in relation to Secure 2.0 Act!
Human Resources
New “Relationship” Values for Contacts
We’ve added two new contact relationship types, 'Ward' and 'Civil Union Partner’, to the 'Relationship' drop down for all applicable screens including Onboarding, Beneficiaries, etc.
For those who are curious about what those two terms mean: a ward is a minor the court appoints to the guardian, and a civil union partner is a person who is in a legally recognized partnership, like a marriage.
This is in preparation for some Life Event updates coming soon!
Addition of Employer-sponsored ICHRA Coverage Override
As more clients are starting to offer employer-sponsored Individual Coverage Health Reimbursement Arrangement (ICHRA)plans, we’ve received requests to update the ACA reporting metrics to support that. And, we heard you!
For this upcoming release, multiple development updates have been made for reporting purposes:
- The correct "G" code for Box 8 of the 1095B form, a check box field was added to the ACA Report Overrides screen
- The correct code for Box 8 of the 1095B form, a T/F field was added to the ACA Report Overrides import
- The correct code for Box 8 of the 1095B form, a new flag was added to the ACA Report Overrides UI. When the flag is selected for the reporting year being generated, the 1095B PDF form will display code 'G' rather than "B" in Box 8
- The correct code for Box 8 of the 1095B form, a new flag was added to the ACA Report Overrides UI. When the flag is selected for the reporting year being generated, the 1095B xml will display code 'G' rather than "B" in Box 8
Tax
Tax Form Updates
With this release, we’ve made updates to Federal withholding forms, State withholding forms, employee withholding forms that are used in onboarding, and those using the Tax Updates functionality in self-service.
Please refer to the full Symmetry Release document for more details.
Sneak Peek
Time Card V2 Launch
We are refreshing the Time Card UI for all screen sizes within the Adaptive Employee Experience to be more modern and scalable while resolving past usability concerns. Look out for more information coming out this month!