Benefits of integrating your 401(k) with payroll

Jim Martell

March 13, 2019

One of your responsibilities as a 401(k) plan sponsor is to make sure that you and your employees stay educated and equipped with the right tools to put everyone on a secure path to retirement readiness. Wouldn’t it be great if one simple solution – could process and update records, handle participant contributions, and stay compliant with whatever new regulations may get tossed your way?

Integrating your 401(k) plan administration with your payroll process can do all of that – giving you more time to take care of what’s really important, running your business.

In a perfect universe, 401(k) administration becomes a seamless, 360-degree service between payroll and plan processing. Automating this process means the data that needs to go to 401(k) providers from payroll (and vice versa) every pay period is efficiently transferred. This synchronized integration process provides the connecting points a virtual two-way communication highway – linking and syncing employee information at every stage of the retirement savings process. Information is moved from the employee, to plan sponsor, to the investment provider and back again, all while protecting the integrity of the data and significantly decreasing the risk of errors.

When the payroll and 401(k) administration are integrated, employee information can be immediately uploaded in the onboarding stages and plan participants can begin contributing as soon as eligibility requirements are met. When there are changes to the plan, such as employee contributions, the changes are immediately acknowledged and the records are updated. On top of all that, plan sponsors and participants are kept up to date with information that will keep them on track to meet their retirement goals.

Getting started is easy.

We are excited to announce that we have partnered with PAi to offer CoPilot, a 360-degree payroll integrated 401(k) retirement service.

About PAi

PAi provides retirement solutions focused on participant outcomes to small businesses nationwide, from one employee to hundreds of plan participants. PAi understands that people are confused about how much retirement they can afford and how long their retirement savings will last. In fact, being able to understand what account balances really mean was one of the core principles that led to the development of CoPilot and is one of the main reasons why PAi discusses retirement exclusively in years. No fancy pie charts, no confusing and irrelevant growth statistics – just the years of retirement you’re on track to have versus the years you want.

CoPilot is also designed to alert users about any decisions that could potentially impact their retirement funds, helping to make sure that participants truly understand the retirement savings process. With these features backed by an award-winning customer care center, CoPilot makes it easy for participants to own their retirement readiness.

With CoPilot, your employees get an easy-to-understand 401(k) retirement service. While you, as the plan sponsor, can capitalize on the ease of payroll integration, giving you more time to run your business and less time to spend managing the plan.

About NCR Corporation

NCR is a global leader in transaction technology. For more than 130 years, NCR has helped companies better connect, interact and transact with customers. Improving the customer experience is at the very heart of our vision and mission at NCR. Our investors feel the same way. We are committed to serving the best interests of our shareholders. To learn more about how JetPay, An NCR company go to and

Written By:
Jim Martell
Senior Manager, Business Development

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