Retirement Plan Reporting for Small Businesses
Annual Retirement Plan Census Reporting
Each year, your 401K plan provider will request census information to ensure that your company’s retirement 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
- Birth Date
- Hire Date
- Termination Date
- Annual Wages
- Annual Hours Worked
- Contribution Amount
- Company Match Amount
- Pre-Tax Section 125 Deductions
Retirement 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 to 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.
Contribution reporting is available for major retirement plan providers such as:
- American Funds
- The Hartford
- And more!
Retirement Plan Reporting and Disclosures for All Industries
CheckWise Payroll provides comprehensive retirement reporting, payroll processing, tax management, HR support, and more for a wide variety of industries, including:
- Contracting & Construction
- Hotels & Resorts
- Churches & Religious Organizations
- Medical & Healthcare
- Restaurants & Food Service
- Professional Services
Want to know more about our retirement plan reporting services?
Do you have questions about retirement contributions or retirement census reporting services? Check out our Payroll Processing FAQs or contact a payroll specialist to get started!