Deferred Compensation (100.2.4)
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Deferred Compensation (100.2.4)
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Business Process Overview
This subprocess outlines enrolling the employee in a Florida PALM “Savings Plan” for their Deferred Compensation elections.
Business Process Diagram
Business Roles
The Business Process Flow Diagrams use horizontal swim lanes to depict where activities are performed by different parties or systems. Each swim lane is titled with a role, either agency-based or within DFS, and in some cases, are representative of an external entity or system. The swim lanes may change from page to page within a single business subprocess as more or fewer roles are required to execute sections of the business subprocess.
- Florida PALM: Florida PALM system role that runs various automated processes, reports, and interfaces in a pre-determined schedule.
Business Process Flows Details
The tables below describe steps in each business subprocess as reflected on the Business Process Flow Diagrams. The tables also reflect information associated with each step describing the intent of the specific process. Florida PALM screenshots are included within the sections to allow connections to be made from specific business subprocess steps to screens within Florida PALM. This information should be read in conjunction with the Business Process Flow Diagrams.
Process Step ID | Process Step Title | Description of Process |
|---|---|---|
1 | Inbound Deferred Compensation Benefit Elections (PRI020) | Inbound interface to receive employee deferred compensation elections from the third-party administrator. |
2 | Perform Interface Error Checking | If the file is rejected, all transactions in the file are rejected and the file must be resubmitted once the issue is resolved. If the file is not rejected, edit validations are performed on each transaction before the data is allowed to load for processing in the module. Additional edits will be performed during the transaction life cycle. Rejected transactions are managed through the Interface Error Handling Process (120.1). |
3 | Deferred Comp Data Established / Updated | All successfully loaded records have passed interface validations and edit checking. Deferred Compensation Elections are now stored in the Florida PALM database. |
Accounting Events
There are no accounting or budget events associated with this Business Process Model. However, agencies are encouraged to review the Accounting and Budget Events Inventory for a comprehensive view of accounting treatments across other business processes in Florida PALM. The inventory includes detailed information on accounting and budget impacts, such as journal entries, ChartFields, and related modules, and can be a useful reference even when no events are tied to this specific process.
Reports
Key Reports are displayed as icons with the Report Number on this Business Process. The table below provides the reports identified to be produced at a particular process step or is used to support the completion of a process step.
Report Number | Report RICEFW ID | Report Description | Report Source | Report Frequency | Audience |
|---|---|---|---|---|---|
N/A |
Interfaces
The table below provides the Interfaces identified on the Business Process.
Interface Number | Interface Description | Interface Frequency | Source | Target |
|---|---|---|---|---|
PRI020 | Inbound Deferred Compensation Benefit Elections – Inbound interface to receive employee deferred compensation elections from the third-party administrator. | Daily | Fidelity Information Services |
Forms
The table below provides the forms identified on this Business Process.
Form Number | Form Description | Audience |
|---|---|---|
N/A |
Workflows
The table below provides the workflows identified on this Business Process.
Workflow Number | Workflow Description | Audience |
|---|---|---|
N/A |
Version History
Date | Revision Description |
|---|---|
07/30/2024 | Original Version |
| 05/07/2025 | Administrative updates to apply the following changes based on Narrative update dated 05/05/2025: Updates to 100.2.4:
|
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