When your company's HR team is stretched to the limit, the last thing you want is another administrative headache. Worries about complexity, paperwork and compliance deadlines have kept some company leaders from investigating one of the most powerful employee motivators available to them: a 401(k) retirement plan.  

Easing your employees' path to retirement savings

When your company's HR team is stretched to the limit, the last thing you want is another administrative headache. Worries about complexity, paperwork and compliance deadlines have kept some company leaders from investigating one of the most powerful employee motivators available to them: a 401(k) retirement plan. 

Today, through a partnership between Ceridian and Great-West Retirement Services (Great-West), organizations of any size can offer flexible payroll, HR and 401(k) solutions. Manage your employment responsibilities, help your workforce save for the future -- and put aside your concerns about complex setup and administration. 

 

What makes this solution different
The "payroll bridge" solution from Ceridian and Great-West Retirement Services makes it possible for employers of any size to offer a 401(k) retirement plan. 

Simple. Reduce redundant data gathering. 
Secure. Feel confident in the safe transmission of sensitive participant and contribution data. 
Automated. Free your HR team to devote more time to company priorities. 
Cost Effective. 401 (k) and census data provided to Great-West at no charge for our mutual clients!


Banish the challenges of 401(k) administration 
Access to a qualified retirement plan is important to employees, so the addition of a 401(k) sends a positive message to the people who keep your company competitive.

Renee Sconzo, Ceridian Strategic Alliance Manager, explains what prevents companies from offering this benefit. 

"In the past," says Sconzo, "Company leaders -- especially those at small- and mid-sized businesses -- had good reason to worry about the administrative complexities involved with offering a 401(k) plan. After all, plan sponsors traditionally acted as the middleman between their payroll vendor and their record keeper, which meant that HR had yet another duty: to ensure that each party has the information they need to keep things running smoothly and in compliance. 

"The idea of collecting and distributing the same information multiple times doesn't appeal to organizations that are already operating with a reduced HR staff. Business leaders know that when it comes to 401(k) plans, critical tasks like compliance testing and eligibility reporting require a keen eye and attention to timing. Fortunately, Ceridian and Great-West can provide a more efficient and effective alternative." 

A powerful solution -- with simple implementation 
The "payroll bridge" is a truly integrated solution, and that fact yields quick benefits for employers. "Since payroll and 401(k) are so closely intertwined," Sconzo says, "Companies large and small see the cost advantages of this automated solution. The "payroll bridge" interface automates the flow of all 401(k) information. Ceridian sends a file to Great West after every payroll cycle, including employee contributions, 401(k) loan and,employer-match information, as well as complete employee census data. The "payroll bridge" is offered at no charge to our mutual clients! 

Great-West "payroll bridge" customers can expect easier compliance testing, timely vesting and eligibility updates, salary deferral analysis and tracking, and access to strong targeted-marketing campaigns. And they can expect something else, Sconzo says. "Great-West demonstrates the same commitment to customer service as Ceridian. This means clients have a designated customer relationship manager. This is a named representative to partner with the plan advisor to design a plan that's right for the company and assist the plan sponsor in educating and communicating to the employees the benefits of participating in 401(k). When it comes to making the most of a 401(k) plan, it's great to have access to an industry expert." 

Learn more today 
Already a Ceridian or Great-West customer? Contact your Account Executive. 

"Through our national partnership with Great-West, we have a comprehensive interface that we offer to all mutual customers on any of our payroll products that automates the flow of 401(k) data," says Sconzo. "This is a huge benefit -- it saves time, saves money, strengthens compliance, and we offer all this at no charge to our mutual customers."