Millennium Payroll Solutions

401k Administration

Our Approach

When it comes to 401(k) plan administration, you need a service provider that can help you design and implement a plan, educate employees, and provide guidance with fiduciary responsibilities. Payentry’s Retirement Plan Services can do just that, helping you get back to business.

Save Time and Money with Automation

Integration between Payentry’s retirement and payroll solutions offers many advantages including minimal administration effort through automation.

  • Employee deduction changes are made online
  • Employee deductions and employer contribution are drafted via ACH each pay period
  • Payroll data is transferred to the TPA automatically
  • Year-end census data is completed automatically

Empower Employees to Maximize Savings

The real difference in our approach is our commitment to flat fee pricing for both Third Party Administration (TPA) and Registered Investment Advisory (RIA) Services.

Many TPAs and RIAs charge basis points (a percentage of assets) that can increase dramatically as an employer’s plan grows. These rising fees can negatively impact participants’ account balances overtime. Our goal is to ensure your company-sponsored plan is providing the greatest benefit to you and your employees.

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