LP Plan build

eokoth

We working on building a PTO plan that is available to all eligible employees. The plan is a care bank  that will have dollars in it. An employee can apply and receive dollar amounts transferred from this "care bank".  So far we have built a plan and enrolled individual employees to allow for transfer of dollars. The problem we are having is how to build the one bank that will have this huge pot of money and any time an amount is allocated to an employee the overall balance is reduced. Can we build a plan that is available to all employees but not individually linked?   I hope this all makes sense.

thanks

unknown

We wanted to do the exact same thing. The easiest way would be to have a 'dummy' employee record to hold all the dollars, but that was not an option for us as this would not go over well with finance or the auditors. However, someone that responded to my inquiry did this very thing.

I'm interested to see if any one responds with an option that would work for us too.