Benefits of Integrating 401(k) with Payroll
- Saves time and money for the QPPU (Quickbooks Payroll Pro User) by eliminating the need to manually enter data twice.
- Reduces errors by automating the transmission of contributions and collection of required data.
- Minimizes administrative tasks for you this integration makes it easy to track participant eligibility, enrollment, and loans. Any changes made by the employee are automatically sent to the payroll provider.
- Timely investment of employee 401(k) contributions are made because you can quickly and easily make the necessary retirement plan payroll deposits. Non-payroll integrated plans may run into DOL/IRS compliance issues with getting contributions in on time due to lack of efficient and automated payroll deposit processes.
LOOKING TO ADD PAYROLL INTEGRATION TO A NEW OR EXISTING 401(K) PLAN?
Contact Us Today To Get Started
Subscribe to our newsletter designed for CPA’s to help you stay updated on the ever-evolving 401(k) regulations and landscape.
We will never spam you.
