Do you hate having to manually change employee deferrals every pay period? And do you lie awake at night worried about the liability that you’d incur if you made a mistake? (After all, the IRS says, “An employer’s failure to execute an employee’s election to defer amounts to a 401(k) plan is a relatively common error.” But the penalties are stiff.) ForUsAll seamlessly connects your payroll with your 401(k) recordkeeper, meaning you are no longer required to have a tedious and potentially expensive manual system. Let the power of the cloud do the work for you!
Employee onboarding into your company’s retirement plan should be a great experience for your HR team and your employees. ForUsAll handles participant onboarding, including required communications and initial deferrals.
Imagine the error rate when a single person on your team is responsible for tracking hours worked to estimate employee eligibility. Now imagine your life with payroll integration, where ForUsAll automatically tracks your employee’s eligibility. Isn’t that nice?
With payroll and your 401(k) recordkeeper connected , setting up automatic employee enrollment is so much easier. Automatic eligibility tracking, coupled with automated employee communications, means running a compliant 401(k) with automatic enrollment is a snap.