Ease of Enrollment
The consistency and ease of enrolling new or existing employees into the plan
Cat avg: 9.7
Top Performing Features
Plan Flexibility
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
Payroll Integration
Ability to integrate with a variety of payroll packages and deduct part of pay to go towards 401(k)
Cat avg: 9.4
Compliance Maintenance
The reliability of the provider in conducting nondiscrimination testing and fixing compliance issues
Cat avg: 9.3
Worst Performing Features
Filings and Disclosures
Reliability in providing required forms, filings, and disclosures such as Form 5500 series, summary plan descriptions, and Safe Harbor Notices
Cat avg: 9.1
Human Interest Features from Reviews
401(k)
These are common and important features of 401(k) software. They pertain mostly to the administrative and recordkeeping aspects of a 401(k) provider
9.5+1%
Payroll Integration
Ability to integrate with a variety of payroll packages and deduct part of pay to go towards 401(k)
Category average: 9.4
Compliance Maintenance
The reliability of the provider in conducting nondiscrimination testing and fixing compliance issues
Category average: 9.3
Plan Flexibility
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
Filings and Disclosures
Reliability in providing required forms, filings, and disclosures such as Form 5500 series, summary plan descriptions, and Safe Harbor Notices
Category average: 9.1
Ease of Enrollment
The consistency and ease of enrolling new or existing employees into the plan
Category average: 9.7
Human Interest Features from the Vendor
401(k)
Vendor-contributedAdministration and Recordkeeping
Reliability of the provider in recording contribution types, authorizing and administering transactions, investment tracking, etc.
Payroll Integration
Ability to integrate with a variety of payroll packages and deduct part of pay to go towards 401(k)
Compliance Maintenance
The reliability of the provider in conducting nondiscrimination testing and fixing compliance issues
Plan Flexibility
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.
Filings and Disclosures
Reliability in providing required forms, filings, and disclosures such as Form 5500 series, summary plan descriptions, and Safe Harbor Notices
Ease of Enrollment
The consistency and ease of enrolling new or existing employees into the plan
Additional Features
Vendor-contributedZero transaction fees
Integration with 400+ payrolls
Onboarding and ongoing support