The ability to accommodate different plan designs, including but not limited to traditional, vesting schedules, or safe harbor plans with auto-enroll, auto-escalating contributions, and non-Highly Compensated Employee only contributions.
Cat avg: 9.5
The consistency and ease of enrolling new or existing employees into the plan
Cat avg: 9.7
The reliability of the provider in conducting nondiscrimination testing and fixing compliance issues
Cat avg: 9.3
Ability to integrate with a variety of payroll packages and deduct part of pay to go towards 401(k)
Cat avg: 9.4
Reliability in providing required forms, filings, and disclosures such as Form 5500 series, summary plan descriptions, and Safe Harbor Notices
Cat avg: 9.1
These are common and important features of 401(k) software. They pertain mostly to the administrative and recordkeeping aspects of a 401(k) provider
Ability to integrate with a variety of payroll packages and deduct part of pay to go towards 401(k)
Category average: 9.4
The reliability of the provider in conducting nondiscrimination testing and fixing compliance issues
Category average: 9.3
The ability to accommodate different plan designs, including but not limited to traditional, vesting schedules, or safe harbor plans with auto-enroll, auto-escalating contributions, and non-Highly Compensated Employee only contributions.
Category average: 9.5
Reliability in providing required forms, filings, and disclosures such as Form 5500 series, summary plan descriptions, and Safe Harbor Notices
Category average: 9.1
The consistency and ease of enrolling new or existing employees into the plan
Category average: 9.7
Reliability of the provider in recording contribution types, authorizing and administering transactions, investment tracking, etc.
Ability to integrate with a variety of payroll packages and deduct part of pay to go towards 401(k)
The reliability of the provider in conducting nondiscrimination testing and fixing compliance issues
The ability to accommodate different plan designs, including but not limited to traditional, vesting schedules, or safe harbor plans with auto-enroll, auto-escalating contributions, and non-Highly Compensated Employee only contributions.
Reliability in providing required forms, filings, and disclosures such as Form 5500 series, summary plan descriptions, and Safe Harbor Notices
The consistency and ease of enrolling new or existing employees into the plan
