HomeMy WebLinkAboutInv# 2024-00000205 - U.S. BENCOR - 03/22/2024 (3).
Bank Name:
Bank Account #
Payment Amount:$5,824.44
Payment Verified By:Michelle Thomas 3/28/2024
Finance Department
Payment Authorized :
Finance Department Date
Transferred by:Yeimy Guzman 3/28/2024
Finance Department Date
BENCOR Special Pay Plan - 03-22-24
Wire Transfer
SUNTRUST
1000160924055
*In New World Use Confirming EFT*
March 26, 2024
2:35:53AM
CITY OF DANIA BEACH 401(a) SPECIAL PAY PLAN
The following "Information Only Report" has been provided as the result of a recent submission of payroll
information. This report details the amounts that we understand were uploaded through the Data Validation
Center. If you determine that these amounts do not reflect your understanding of the amounts that were
uploaded to our system please contact our Customer Service Department at 844-249-4520 as soon as
possible.
Please note that if you are funding your Plan contributions via ACH , you will receive an additional email
notification stating when your funds will be drafted from your bank account as well as stating the ACH amount
that will be drafted from your account.
If you are funding your Plan contributions via check, your funds will be invested once they have been received by
the Custodian/Trust Company. Please refer to the remittance instructions shown on the bottom of this report.
PLEASE PRINT THIS REPORT AND INCLUDE IT WITH YOUR CHECK.
DATA VALIDATION PROCESSING REPORT
This report details the amount to be funded for the pay period ending 03/22/2024.
Uploaded 3/26/2024 2:35:39AM
Employer Contribution $5,824.44
Total $5,824.44
CONTRIBUTION REMITTANCE INSTRUCTIONS
If funding your Plan Contributions via check, please make check payable to:
Charles Schwab Trust Bank, 108847,
FBO CITY OF DANIA BEACH 401(a) SPECIAL PAY PLAN
Send checks via US Postal Service to:
Charles Schwab Trust Bank
11800 Schwab Way
Austin, TX 78758
Send checks via Overnight Service to:
Charles Schwab Trust Bank
PO Box 81686
Austin, TX 78708
The Department of Labor requires that employee contributions be paid to the plan as of the earliest date that they can
reasonably be segregated from the employer 's general assets.
For "small plans", (i.e., those with fewer than 100 participants), the DOL has established a "safe harbor" for the timely
deposit of employee contributions. For such plans, the DOL will consider timely the deposit of employee contributions
made by the 7th business day following the date on which such amounts were withheld from paychecks .
Penalties may apply for failure to comply with these rules.
Deduction Code Deduction Description Separate Check Amount
Employee 3018 - Lalla, Matthew
Special Pay Plan BENCOR Special Pay Plan 1.00
Special Pay Plan BENCOR Special Pay Plan SPP 5,823.44
Employee 3018 - Lalla, Matthew Totals Deductions 1 $5,824.44
$5,824.44
Grand Totals $5,824.44
Void column will display voided checks at the time this report is run. The totals will reflect the actual totals at the time the pay batch was posted.
Page 1 of 1Run by Michelle Thomas on 03/22/2024 12:54:07 PM
Deduction Register Report
Pay Date Range 03/02/24 - 03/15/24
Sort by Employee - Deduction
Pay Batch 220246