Payroll Integrated Solution
Through a partnership with JetPay, 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 JetPay.
- 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.