Payroll Integrated Solution
Through a partnership with your payroll provider and CyberPay, PAi offers a 360° payroll integration that will help to streamline your benefits and payroll processes.
How does the integration work?
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Benefits of integrating 401(k) with payroll:
Saves time and money by eliminating the need to manually enter data twice, so you’ll have more time to focus on your business.
Reduces errors by automating the transmission of contributions and collection of required data.
Minimizes administrative tasks because PAi makes it easy to track eligibility, enrollment, and loans for the employee. Any changes made by the employee will automatically be sent to the payroll provider.
Provides timely investment of employee 401(k) contributions because PAi can quickly and easily make the necessary retirement plan payroll deposits. Non-payroll integrated plans may run into DOL/IRS compliance issues with getting contributions in on time due to the lack of streamlined and automated payroll deposit processes.