New 401(k) loan manual deduction type
Hello and welcome to Changelog, your roundup of everything new in Justworks. This week, we launched a new manual deduction type for external 401(k) plans, “401(k) loan repayments (after-tax)”.

New 401(k) loan manual deduction type
Companies using a 401(k) provider outside of Justworks can now set up 401(k) loan repayments as a manual deduction on employee paychecks. With this update, the 401(k) loan repayment deduction will be included on the Retirement Report, eliminating the need to find loan repayment amounts on the Payroll report. All your important retirement information is now in one place.
Your employees will still see the 401(k) loan repayments as a miscellaneous after-tax deduction on their paystubs. Click here for information on how to set up manual deductions in Justworks.
As always, we’re here 24/7 if you have any questions.
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