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Employers offering 401(k) plans, retirement plan administrators, and financial advisors assisting with plan management.
The software integrates with payroll to automate employee contributions to their 401(k) accounts. It tracks investments and balances, provides reporting for compliance, and allows employees to manage their retirement savings online.
Yes, it supports pre-tax, Roth, and employer matching contributions.
Absolutely, it tracks requirements and generates necessary reports to stay compliant.
Yes, strong security measures are a must-have for handling sensitive financial data.
Most 401(k) software provides online portals for employees to manage investments.
Integration with payroll is key and commonly supported to automate deductions.
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