Gusto 401k
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Adjusting contributions[edit]
- Gusto Dashboard > People menu item > Team members > click a "team member" to select
- Benefits menu item > 401k (Vanguard) > edit
- Enter weekly contribution under Employee Deduction Per Pay Period
- To suspend contributions, click No under Currently Active? at the bottom of the modal dialog.
Year-end adjustments[edit]
To make a year-end adjustment, create an "off-cycle payroll".
- Gusto Dashboard > Payroll > Run Payroll
- Other payroll options > Off-Cycle Payroll > Run Off-Cycle Payroll
- Work period: Enter a start and end date. This is arbitrary. The actual dates don't matter.
- Payment date: Date of the contribution.
- Deductions and Contributions
- Block all deductions and contributions, except 401(k): selected
- Click Save and Continue
- On a subsequent screen there will be a link to "run report" for this off-cycle payroll, which will allow you to confirm the details of the payroll.