Success Stories: Payroll and 401(k)
Payroll can trip up even the best Controller, Bookkeeper or CFO. It is a vital part of company operations and ties directly to a 401(k) Plan. And many employers desire simplification and efficiency.
Our client was promised an “integrated” Payroll to 401(k) solution by former service providers. As Payroll is completed, an automatic funding of 401(k) contributions were to occur. However, management of details, poor communication and lack of consulting surrounding integration resulted in retirement plan compliance errors, inaccurate contribution funding and, ultimately, amended government filings. The time and cost to correct was not worth the promoted efficiencies and savings.
Zuna will advocate and orchestrate Payroll to 401(k) integration, but only after understanding Service Provider capabilities, Employer needs, and communication of details.
Success Stories
Payroll and 401(k)
A promise of “integrated” Payroll to 401(k) resulted in compliance errors and inaccurate funding.
Employee Education
Retirement Plans are only as good as the Employees who participate in them.
Investment Menu
An investment menu is most optimal when focused on easy-to-understand products, low cost and limited risk.