In the Alleo Portal you, as a manager, can view and export employee flex pension payout preferences.
In this article, you will learn about the Pension section in the Alleo portal, which allows you to:
Export detailed reports for employee flex pension payout preferences
Employees can choose:
Pension
Salary (default options for user’s who don’t make a selection)
Split payment between pension and salary
Run these reports:
Monthly
Quarterly
Yearly
All time
See mutations when employees change their preference between selection periods
Set the flex pension selection period
Flex pension payout preference can be set on the following cadence:
Monthly - Choose and change preference every month
Quarterly - Choose and change preference every quarter
Half-Year - Choose and change preference every 6 months
Yearly - Choose and change preference once a year
This configuration can be adjusted by contacting the Customer Success team. For each period listed above there is a selection window that is open.
Current period open indicates the timeframe during which employees can update their payout preferences.
*The default selection is a Salary payout, if no choice is made during the selecting period.
Access the Pension Tab
To access the Pension tab and view employee-related information, follow these steps:
Log in to the Alleo portal using your admin credentials
Locate the "Pension" tab in the portal's sidebar
Click on the "Pension" tab
Export flex pension data
Exporting flex pension data will give you all the information required to process payouts and payroll depending on the employee payout preferences.
The report will include the following fields
User ID - Alleo employee ID
Name - employee name
User status - shows active and inactive users
Email - employee email
Pension IBAN - The Brand New Day pension IBAN number (only applicable to employees who select pension or split payout)
Selection period - Time frame employee selection is active
Payout preference - Pension, Salary, or Split
Budget total - The total balance available pension, salary, or a split contribution
Pension allocation - The total going to the employee pension account
Salary allocation - The total going to employee salary
Memo - Memo field required by Brand New Day for pension contributions
Period - The date range during which the selection or benefit was active.
View Individual Employee Data
To view data for a specific employee, follow these steps:
Search for the employee you would like to view
Click on the employee's name in the search results
New period
At the start of a new period Employees will have an open window of time to select or adjust their flex pension payout preference. We recommend exporting the report and processing payments at the end of this period.
*The default selection is a Salary payout, if no choice is made during the selecting period.
💡Need more help? Contact your Customer Success manager or chat with us by clicking on the messenger icon on the right.