401(k) Administration
Providing benefits for your employees is an important appeal for any business. One of the best benefits for your employees to have as part of their benefits package is the 401(k) plan. However, it can be difficult to manage the 401(k) plan program; that's where Inspired Payroll Solutions comes in to relieve you from the stress of 401(k) administration. With our program, you'll be able to keep track of each employee's contribution towards his or her 401(k) plan and process contributions with ACH or paper check. Other features for this program include:
- Accessible information for discrimination testing purposes
- Ability to add third parties to be part of the process of discrimination testing
- Automatic tracking and processing of contributions according to your company's specifications
- Plan participation status codes
- A description of the setup of each fund
- Match calculations for each 401(k) fund
If you would like to start building up your benefits package for your employees, you can register an account at our company, Inspired Payroll Solutions, and get started on the 401(k) administration for your business.
We are looking forward to helping you build the perfect benefit package for your staff.
