PeopleSoft Affordable Care Act Year-End Processing

Course Details
Code:
D97721GC10
Tuition (USD):
$1,710.00 • Virtual (2 days)
$1,800.00 • Classroom (2 days)

This PeopleSoft Affordable Care Act Year-End Processing training teaches you how to complete the ACA year-end processing and reporting using PeopleSoft Benefits products. Throughout the course, you will perform various activities, including setting up tables used for ACA processing and recording an employee’s eligibility status, providing consent as an employee to receive an electronic Form 1095-C and running the ACA Data Extract process and review the transmittal data created.

Learn To:

  • Set up company information for recording ACA data.
  • Update HR data and calculate work hours.
  • Manage data extraction and merge data from other sources.
  • Create the ACA XML forms ready for IRS transmission and printing.
  • Use the Component Interface to load third-party data.
  • Run the Merge process to merge third-party data with the PeopleSoft generated data.
  • Update the ACA transmittal parameters.
  • Run the Create ACA XML Files process to create the XML files to be transmitted to the IRS.
  • Perform the reissue and replacement processes.

Benefits to You

Enroll in this course to better understand the central concepts of PeopleSoft year-end processing for the Affordable Care Act. You'll become familiar with updating ACA setup tables in PeopleSoft HCM, calculating work hours, and merging third party data. By investing in this course, you'll also learn how to generate final print and online forms while preparing the electronic files for the IRS. You'll learn how to carry out the reissue, correction and replacement processes as well.

Please Note

This course contains content for the PeopleSoft releases 9.1 and 9.2 (through 9.2.018) for those who have purchased Oracle’s US Base Benefits Package only. The course is taught using a 9.2 image 18 environment.

Skills Gained

  • Correct form data before submitting to the IRS.
  • Correct form data after submitting to the IRS.
  • Manage employee consent process using eBenefits.
  • Calculate employee’s work hours.
  • Run the ACA Data Extract process to create ACA form data.
  • Run the Merge process to merge data from third party sources.
  • Run the Create ACA XML Files process to create the transmittal files.
  • Identify your organization structure.
  • Define ACA Common ID, ALE Members and Aggregated ALE Group.
  • Set up ACA tables for your company.
  • Set up employee ACA eligibility status.

Who Can Benefit

  • Business Analysts
  • Functional Implementer
  • Project Manager

Prerequisites

  • Understanding of the IRS rules regarding ACA.
  • PeopleSoft Base Benefits – US recommended
  • Understanding of your company's year end payroll processing.
  • Knowledge of HR control tables
  • Understanding of basic navigation and PeopleSoft concepts.
  • Understanding of HR employee data
  • Ability to run processes and reports.

Course Details

Business Process Overview

  • Describing Affordable Care Act
  • Describing ACA Forms 1094-C and 1095-C
  • Describing Preparation for ACA Year-End Processing
  • Describing Basic Processing Steps
  • Ongoing Support for ACA Processing
  • Describing Sources of Information About ACA Processing

Setting Up ACA Core Tables

  • Identifying Your Organization Structure
  • Setting Up Your Core ACA Tables
  • Establishing an ACA Common ID
  • Defining ALE Groups and Members
  • Creating ACA Companies

Setting Employee ACA Eligibility Status

  • Setting Employee ACA Eligibility Status
  • Defining New Hire Defaulting Values
  • Manually Updating the Employee ACA Eligibility Status
  • Using the Component Interface

Calculating Employee Hours

  • Identifying Ways to Calculate Employee Hours
  • Using Time and Labor to Calculate Hours
  • Setting Up the ACA Time and Labor TRC Table
  • Creating ACA Materialized Views
  • Defining the ACA Eligibility Load Query
  • Generating Reports for Ongoing Analysis
  • Using Payroll for North America to Calculate Hours

Reviewing and Updating Other ACA Tables

  • Identifying PeopleSoft-Delivered ACA Tables
  • Describing Employee Eligibility Groups
  • Describing Employee Offer of Coverage
  • Describing ACA Safe Harbor Codes and ACA Safe Harbor Relief Groups
  • Describing ACA Data Extract Definition
  • Updating Health Plan Table

Managing the Employee Consent Process

  • Explaining the Employee Consent Process
  • Reviewing and Resetting the Consent Page

Creating ACA Form Data for Forms 1094-C and 1095-C

  • Running ACA Data Extract Process

Managing the Other Source Data Merge

  • Merging Other ACA Data Sources
  • Reviewing All Merged Data

Managing Files Transmittal

  • Reviewing/Updating File Transmittal Parameters
  • Running the Create ACA XML Files Process

Correcting the Form Data Prior to Submitting to the IRS

  • Explaining the Reissue Process

Correcting the Form Data After Submitting to the IRS

  • Explaining the Transmission Status
  • Running the Replacement Process
  • Running the Correction Process
  • Identifying The Differences

Frequently Asked Questions

Course Details
Code:
D97721GC10
Tuition (USD):
$1,710.00 • Virtual (2 days)
$1,800.00 • Classroom (2 days)