We will have an HSA for the first time for 2024. There will be employer contributions, which we want to provide in one lump sum versus split over remaining pay periods. Has anyone accomplished that? My work-around is to have the team change the amount on the employer deduction to the full amount so it comes out the first check and then decsending balance would be updated to $0. However, hoping to not have to do this manually.
The bigger issue we are trying to solve is the fact that they want to prorate the employer contribution for new hires that come on in the middle of the year. For single, the employer contribution is $400. This would make the limit for the employee contribution $3750. If the employee is hired in June and only receives $200 employer contributions, they should be able to elect up to $3,950 themselves. In our testing, the system is still capping them at $3,750. Has anyone figured out how to make that work?