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PensionPro 2.0 - Creating a Short Plan Year End

This article describes how to launch an Annual Administration Project for a Short Plan Year End. Creating a Short Plan Year is as easy as launching a project. Please do not manually create Employer Data or Plan Cycle records prior to following the steps below.

 

Now the user can change the Period Start and Period End Date in both annual projects with web collection and annual project without web collection. Please note that annual projects without web collection will no longer create plan cycles or employer data records automatically. However, the user can create those manually after the project is launched if needed.

 

Tier Availability: Essential, Premium, Business
Security Rights Required:  Access Power Tools, Add/Edit Project

 

  Note: Some items may not be available in all tiers.

 

Launch an Annual Administration Project with Web Collection 

To launch a Short Plan Year End Annual Administration project with web collection the user should do the following:

  1. Navigate to the Plan and click the Projects menu.
  2. Click the Add icon in the upper right corner to add a Project.
  3. Select the Project Type (Annual Administration).
  4. Select the Template (an Annual Administration with Web Collection template where the Project Frequency is Annual).
  5. Add a Period Start Date.
  6. Add a Period End Date. 
  7. Click Save.

This will launch an Annual Administration with Web Collection Project. The system will also create a Plan Cycle (Plan > Plan Cycle) and an Employer Data record (Client > Employer Data) for the same time period. Please do not create the Plan Cycle or Employer Data first. The Plan End in Plan Details will remain unchanged. Users can edit the Plan End field in Plan Details manually.

 

Edit Project Period Begin and End Dates for Launched Annual Administration Web Collection Projects

Users now have the ability to edit the Period Start and Period End dates for previously launched Projects.

  1. From the Plan > Project menu, double-click a project to open it.
  2. Click the Summary tab of the Project.
  3. Click the Edit icon in the upper right corner of the grid.
  4. Make desired changes to the Period Start Date and/or Period End Date field(s).
  5. A message will appear stating that Linked Plan Cycle and Employer Data periods will be updated to the dates selected.
  6. Click Save to confirm changes.

Updating the Period Start and/or Period End date for an Annual Administration Web Collection Project will also update the Period Start and Period End dates for the linked Employer Data record and Plan Cycle record periods. The Plan End field on Plan Details will remain unchanged. Users can manually edit the Plan End field by clicking the Edit icon on the Plan  > General menu.

Period Start and Period End Dates can also be edited from either the Plan Cycle or the Employer Data records. If the date is changed in either place, then all linked records will be updated also.

 

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