To set up a 401(k) loan code in ADP Run, follow the instructions below.
1) Have your payroll admin log into your ADP RUN account
2) Go to "Settings" which is usually on the left side of the screen.
3) Next, under the Company section, select "Earnings and Deductions"
4) Select "Add Deduction" at the bottom of the screen.
5) Select 'Miscellaneous Deduction' in the first drop down.
6) Select "401(K) loan" and click 'Save'
7) Scroll down and select 'Save' on the next screen.
8) If your 401(k) plan allows for employees to take out multiple loans at a time you'll need to repeat steps 4-7 selecting a new loan code during step 6.
For any further assistance, please submit a help desk ticket here and we will get back to you as soon as possible.