Retirement Plan Advisors and Recordkeepers

Payroll Network saves your Plan Sponsors time by simplifying 401(k) Administration

…With Every Payroll

Payroll Network simplifies the remittance of employees’ retirement plan deductions each pay period. Because payroll and 401(k) data are integrated, in one step, retirement plan data is extracted into a report with every payroll.

And, Payroll Network handles the remission of employee 401(k) deposits directly to the carrier by either paper check or ACH Credit.

• Paper Check – Each pay period, Payroll Network creates a paper check payable to the carrier and transmits a file (TXT, XML or CSV, for example) to the carrier with distribution instructions.
• ACH Credit initiated by Payroll Network – Each pay period, Payroll Network initiates an ACH Credit for a direct deposit to the carrier and also transmits a file (TXT, XML or CSV, for example) to the carrier with distribution instructions.
• ACH Debit initiated by the Carrier – Alternatively, Payroll Network supports the creation and transmission of the report with distribution instructions to the carrier to trigger the carrier’s invoking an ACH Debit of the plan sponsor’s account.
  

By Automatically Preparing Annual Employee Census

Payroll Network saves Plan Sponsors time by automatically generating the annual Census Reports to simplify year end reporting. Furthermore, since payroll and 40l(k) are integrated, the Plan Administrator can retrieve employee census data throughout the year without the client's having to compile the information. That tedious, redundant chore—fraught with opportunities for errors—is eliminated from thier to-do list...forever.

Payroll Network’s 401(K) Interface is compatible with virtually every Investment Provider

Payroll Network integrates payroll and 401(k) solution ensures timely and accurate retirement deposits, and automatically generates periodic census data. The set up is easy and production is fast and secure. Because information is transmitted directly, accuracy is improved. Plan Sponsors spend less time managing the plan and more time focusing on their business.