Skip to main content
Documentation
Documentation
Administrator Guide
Last Updated: 2025-08-08
Enroll Workers into Retirement Savings Plans Managed by Third-Party Providers

Enroll Workers into Retirement Savings Plans Managed by Third-Party Providers

  • Security:
    Set Up: Benefits
     domain in the Benefits functional area.
When managing retirement savings elections outside of Workday, you can create a placeholder retirement savings plan in Workday to enroll newly eligible workers at a default contribution. After workers enroll in the placeholder savings plan, you can then send demographic and eligibility information to the third-party provider. You can also third-party providers the default contribution amount.
If you already have a passive event rule that enrolls workers in the retirement savings plan at 0%, you need to create a benefit default to enroll them at a default amount, such as 3%. After creating the benefit default, update the defaulting rules for the event to an option that references priority coverage.
  1. Configure a benefit default.
    1. Access the
      Maintain Benefit Default task
      .
    2. Add the defaulting information for the relevant benefit groups and plans in the
      Retirement Savings
       tab.
    3. Enter the percentage that you want to enroll new participants in the
      Employee Contribution Percentage
       field.
    4. Click
      OK
      .
  2. Update the enrollment event rule.
    1. Access the
      Edit Enrollment Event Rule
       task for the relevant enrollment events rules.
    2. Locate the benefit event that you use for the passive event rule to enroll workers into retirement savings in the
      Coverage Rules
       tab.
    3. Ensure that the
      Allowed Benefit Plan Changes
       field has a value of
      No Changes Allowed
      .
    4. Select
      Default to Priority Coverage or Waive
       in the
      Defaulting Rules
       field for that event.
  3. Run the passive event rule as you would normally.