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- First, insurance and benefit costs are paid. This would include medical, dental, applicable employment taxes (paid leave, disability, unemployment, etc.), Reliant's employment insurance (which is around 1% of each employee's salary and is used to cover Reliant's employer liability insurances as well as the employee's life and disability insurance and HSA (employer contributions)). These charges can sometimes take the MTD fund negative as they are guaranteed paid expenses regardless of the fund balance. In extreme cases of ongoing monthly MTD fund deficits, where guaranteeing these items continues to take the account negative, the employee may be moved to a part-time status (changing their eligibility for receiving insurance and benefits) if the MTD fund balance is insufficient to cover the recurring charges.
- Amount can be viewed under Payroll Expenses: Medical and Employment Insurance
- Next, in the order of pay are the direct charges to the MTD fund such as costs for Reliant training and coaching. These expenses are directly charged to the MTD fund when incurred and will lower the funds remaining available for payroll.
- Amount can be viewed under Transfers: International Event Charges (for trainings)
- Amount can be viewed under Payroll Expenses: Salary Subsidies (negative amount) for coaching charges
- Payroll expenses are deducted next. Some payroll expenses have employer portions that are deducted directly from the MTD fund for which you are responsible. These include employer portions of 403B retirement and FICA taxes. The employer portions are estimated first to ensure the MTD fund can cover them and that estimated deduction is then used to create a final available fund balance to use towards the paycheck.
- Amount can be viewed under Payroll Expenses: FICA (Employer Portion)
- Amount can be viewed under Payroll Expenses: 403b (Employer Portion)
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