How can this integration benefit you?
CBIZ’s Payroll and Retirement Plan integration eliminates the need for duplicate data entry, reduces the risk of manual errors and gives your team time back in their workday. Additionally, integration allows auto-enrollment to trigger when new employees are eligible, increases the accuracy of money type classification, and makes your annual testing and audit more efficient. CBIZ offers both 180 and 360 integration options.
180 Integration:
- Changes made in your CBIZ Payroll System, including name, hire date, address, hours worked, and compensation, are automatically uploaded to your retirement record keeper following each pay date.
- Full census data is transferred every payroll.
360 Integration:
- The same benefits of a 180 integration PLUS: Changes made on your record keeper site, including name, address, contribution percentage, and beneficiary, are automatically sent to your CBIZ Payroll System on a regular basis.
Added Advantages
Eliminate Errors
Ensure Compliance
Save Time
Achieving Your Organization's Retirement Plan Goals
Maintaining an effective, compliant retirement plan can be complex and time-consuming, but as a plan sponsor, you have a responsibility to act in your participants’ best interests. This guide provides information to help you understand your duties as a plan sponsor and consider ways to reduce risk and add value for participants.
401(k) Compliance Toolkit
A 401(k) retirement plan involves complexities that require careful management. While you may feel confident that your plan is under control, it’s important to consider whether it would pass scrutiny if reviewed by the Internal Revenue Service (IRS) or the Department of Labor (DOL).
This toolkit will explore the key requirements of administering a 401(k) plan, providing you with information to help ensure compliance with relevant regulations and identify potential deficiencies in your plan.