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Question on RS Plans
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Brandon Forbes
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Posts: 1
1/30/2012 5:28 PM
Hi all, we have a benefit plan that allows employee's to have money taken out of there checks which is then sent through a 3rd party to purchase McDonald's stock. We currently have this set up as an "SP" plan type because it fit somewhat close however this is not a direct stock purchase plan. We would like to make this plan available to add/change during life events, however because this plan requires cycles be calculated there is built in logic in Lawson that only allows mid-year changes to plan types of RS. My question is does anyone have any suggestions for a work around for this? EIther a config or customization? Also does anyone forsee a problem with us changing this to an RS plan type? Is there some sort of tax implication for making that change?
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ESS Benefits cycles
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