Payroll Processing and Retirement Reporting Sample Clauses

Payroll Processing and Retirement Reporting. A) Payroll Processing 1) Maintain employee information, related to payroll processing, within the Paycom software based on information Client has submitted to ExED. 2) Notify Client if Client does not have sufficient funds to cover its payroll amounts, taxes, processing charges and fees in Client’s designated Demand Deposit Account, on or before 1:30 p.m., Central Time, based on one of the following schedules: Three (3) banking days prior to each check date, unless the check date is on a Saturday, Sunday, or bank holiday, in which case four

Payroll Processing and Retirement Reporting. A) Payroll Processing 1) Maintain employee information related to payroll processing within the Paycom software based on information Client has submitted to ExED. 2) Notify Client if Client does not have sufficient funds to cover its payroll amounts, taxes, processing charges and fees in Client’s designated Demand Deposit Account, on or before 1:30 p.m., Central Time, based on one of the following schedules: Three (3) banking days prior to each check date, unless the check date is on a Saturday, Sunday, or bank holiday, in which case four (4) banking days prior to check date. 3) Maintain within Paycom software non-tax payment information, such as voluntary deductions and garnishments, which accurately reflect the data the Client has submitted to ExED. 4) Assist Client in instructing the Bank holding the Client’s Demand Deposit Account to honor the charges as initiated from time to time by Paycom.

Payroll Processing and Retirement Reporting. A) Payroll Processing 1) Maintain employee information related to payroll processing within Paycom based on the information School has submitted to ExED. ExED will process status updates, new hires, terminations, and or informational changes. 2) Maintain within Paycom non-tax payment information, such as voluntary deductions and garnishments, that accurately reflect the data the School has submitted to ExED. 3) Assist School in instructing the Bank holding the School’s Demand Deposit Account to honor the charges as initiated from time to time by Paycom. 4) Notify School if School does not have sufficient funds to cover its payroll amounts, taxes, processing charges and fees in School’s designated Demand Deposit Account, on or before 1:30 p.m., Central Time, based on one of the following schedules: Three (3) banking days prior to each check date, unless the check date is on a Saturday, Sunday, or bank holiday, in which case four (4) banking days prior to check date.

Payroll Processing and Retirement Reporting. A) Payroll Processing 1) Review the information Client maintains within the Payroll Provider software, in a manner consistent with the information given to ExED including, (i) employee information related to payroll processing and (ii) non-tax payment information, such as voluntary deductions and garnishments. 2) Calculate and submit to federal and state authorities federal and state payroll tax payments and reports and state unemployment taxes and quarterly returns if Payroll Provider requests/requires assistance for reports it does not file. 3) Provide the Client a payroll schedule for the calendar year which includes accrual period and deadlines for ExED to receive from the Client the following information: new hire documentation, personnel change forms and payroll time data for each respective pay period. The Client is responsible to submit all information by the deadlines established per Client’s payroll schedule. 4) If Client is closed for school break and cannot receive payroll package, Client can approve payroll package to be mailed to ExED. ExED will deliver the payroll package to Client at the next scheduled school meeting or via an agreed upon delivery mechanism. At Client’s direction and Client’s expense, ExED can mail out each individual employee’s paystub. B) Retirement Reporting 1) STRS/PERS - ExED will submit monthly the required information to the local county office of education or the designated 3rd party administrator. The retirement division at the county office of education will then forward the information to CalSTRS/CalPERS. Reports submitted will be based on employee and payroll data provided by the Client unless Client does not provide required data. If Client does not provide the required employee and payroll data, ExED will use its knowledge of the respective retirement program to report the necessary information but cannot guarantee it will comply with all retirement program requirements. ExED will coordinate remittance of STRS/PERS contributions with the county office of education accounting department via check, ACH or debit from Client’s apportionment account. 2) Other retirement plans (e.g., 403B, 401K, 457, etc.) – ExED will process appropriate deductions for employees upon receipt of appropriate paperwork from the Client. ExED will submit payment to the applicable retirement company based on Client payroll schedule. 3) Process supplemental checks for terminations, stipends, and bonuses. 4) Transfer payroll data into accou...