Payroll
Take three simple steps to set up payroll
Your payroll consultant will review all setup steps and options during the payroll call.
- Set up your payroll calendar
- Sets the frequency and timing of your ongoing payroll submissions
- Helps ensure submissions aren't missed
- Includes setup of multiple payroll sites, if needed, as well as their funding options and user access
- Select your submission method
Your payroll consultant will help you choose the method best suited to your plan. You may change your method at any time.
- Establish the funding process
The automated clearing house (ACH) funding process streamlines the investment process and minimizes your ongoing involvement.
Submission methods
- Enter contributions on the plan website
- Best for fewer than 25 participants
- Enter your core data once, then simply update your contribution information for each pay period and resubmit
- Real-time checks ensure data is submitted accurately and completely every time
How to Enter Contributions
- File upload on the plan website
- Best for more than 25 participants
- Upload your file in seconds using the same census template file used to send us your employee census data
- Upload combined census and payroll information at one time
- Real-time checks ensure data is submitted accurately and completely every time
How to Complete Your File Upload
- Payroll vendor file upload
- Best for more than 500 participants and if you use a payroll vendor to submit contributions
- During your payroll call, we will review the various options, including file layouts for your payroll vendor
Look forward to a streamlined payroll experience.
With setup complete, the ongoing payroll experience is simple, safe, and secure.
- Submit your payroll data
Use any of the available submission methods to send us payroll data securely and easily. Our system checks for errors and unusual data in real-time to ensure that your payroll contributions are processed accurately and on time
- Receive funding notifications
You’ll receive a notification of funding amount through an automated funding request (AFR)
- Contributions are invested
Once funding is received via ACH and confirmed, we’ll invest the payroll contributions into participant accounts. You can check the status of in-process contributions in real time—and at any time—using the Track Contributions feature on the plan website