Features
Top Performing Features
Ease of Enrollment
The consistency and ease of enrolling new or existing employees into the plan
Category average: 9.7
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
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
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
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