Compliance Questionnaire Help Guide
Fidelity Bonds for Your Retirement Plan
Fixing Common Plan Mistakes
What if I own multiple companies?
Changing Bank Accounts
Funding Contributions from Multiple Bank Accounts
What if my payroll provider doesn't transmit my data to ERISA for me?
Which payroll providers does ERISA support?
Getting Started as a Plan Administrator
Plan Setup Guide for New Defined Contribution Plans
Portal User Guide
Terminating a Plan
Who do I contact for support?
Divorce and Retirement Accounts - Qualified Domestic Relations Order (QDRO)
How do I request my distribution?
Required Minimum Distribution (RMD)
How do I know how much is available for a loan?
How to Make Extra Payments on Your Retirement Plan Loan
How to Pay Off Your Retirement Plan Loan
How to Request a Loan
How to Take a Loan from Your Retirement Account
Loan Repayment Requirements
Managing Your Account
Adding a Beneficiary
How do I roll money from another retirement account into my retirement account with ERISA?
Understanding Your Plan's Expenses
Saving for Retirement
Updated by Chandler Julian
Automatic enrollment is a great way to increase participation in your plan because your employees are automatically signed up without having to take any action. However, there are a few pitfalls to watch out for.
- Notice requirements - Automatic contribution arrangements have strict notice requirements so watch out for your notice deadlines. Our team works with you to help meet these deadlines, but there can still be cases where an employee is not given a notice because we did not have a record of the employee in our system.
- Payroll implementation - Check with your payroll provider to see if they can set up automatic enrollment in your payroll system to eliminate the risk of not setting up employees' 401(k) deferral deductions in a timely manner. If your payroll vendor does not support automatic enrollment, we can still help you administer the deduction updates by sending you email notifications when the deductions need to be set up in your payroll system. However, you will still be responsible for making the payroll system deduction entries.