Retirement savings plans are first configured in which product area?

• A. Human Resources
• B. Financials
• C. Workday Benefits
• D. Payroll

Answer: (C)

Retirement savings plans are set up in Workday Benefits. Benefits is the part of Workday that handles all employee benefit programs—retirement plans, health and life insurance, and other voluntary benefits. The plan details you configure there include the plan name, eligibility rules, contribution types, employer matches, and enrollment options. Once the retirement plan is defined in Benefits, payroll can use that data to calculate employee deductions and employer contributions, but the actual configuration of the plan itself belongs in the Benefits area.

HR is oriented toward managing employee records and work structures, not the specifics of benefit plan design. Financials handles accounting and financial processing, not the creation of benefit plans. Payroll processes paychecks and deductions, but it relies on the plan definitions configured in Benefits rather than configuring the plan itself.