The Cost to Wait section of the Batch Paycheck report illustrates the loss in account value if the client delays before increasing their contribution to the qualified plan.
The Batch Paycheck cost to wait section (shown above) is configured in the Batch Paycheck Cost to Wait tab (shown below).
| Note: | This tab is not visible if the Show retirement year checkbox is unchecked on the Projections tab. Also, to illustrate the cost to wait, be sure that at least one of the check boxes in the 'Cost to Wait' column, associated with the accumulation rates of return (shown in the Projections tab), is checked. |
Cost to Wait Tab Prompts
In the following, each of the prompts on the Cost to Wait tab is discussed:
Illustrate Cost to Wait
Determines if the Cost to Wait section is printed in the report.
Illustrate Cost to Wait in
Options are Dollars and Percent. This determines if the dollar loss in account value or the percent loss in account value is displayed in the reports.
# of Cost to Wait years
Number of records to show in the Cost to Wait section.
Years grid
Enter the years to be represented in the Cost to Wait section (e.g. wait half a year, 1 year, 2 years, and 5 years, as shown above).
