The purpose of this article is to provide the steps required to attach office contributions to the Agent’s Retirement Fund.
Navigate to System>>Setup>>System Settings and filter for SHOWRETIRE. Select Edit, check the Enabled? box, and Save.
When you add a bill to pay the funds, select the retirement vendor from the dropdown, or click the green plus sign to make the vendor selection. Select agent from the Agent Retirement Contribution for dropdown and check the From Brokerage? box. “Count for 1099” box should be unchecked and “1099 Form” should display N/A. The Retirement Vendor does not receive a 1099.
After the bill is paid, the office contribution will then be included on the agent’s 1099-NEC form.