Retirement Plan Reporting

Contribution Reporting

Retirement plans, such as a 401K and SIMPLE IRA, are great employee benefits, but they require additional time and effort to complete the necessary reporting and payment each pay period.

CheckWise can help by generating a file according the specifications of your retirement plan provider.  This file can then be uploaded to their website to complete the reporting requirements and initiate an electronic payment.

This service has already been implemented with major providers such as American Funds, Oppenheimer, The Hartford, Fidelity, and more.

 

Annual Census

Each year, your 401K plan provider will request census information to ensure that your plan remains in compliance.  This census information often requires that you compile large amounts of employee information for the plan year according to their format.

CheckWise can help by accumulating the necessary information together into one spreadsheet making your annual census a breeze.  Some of the information we’ll put together includes:

  • Social Security Number
  • First Name
  • Middle Name
  • Last Name
  • Address
  • Gender
  • Birth Date
  • Hire Date
  • Termination Date
  • Annual Wages
  • Annual Hours Worked
  • Contribution Amount
  • Company Match Amount
  • Pre-Tax Section 125 Deductions