Retirement Plan Services

Finally, a payroll company who provides more retirement plan options.

Way to Retirement

No administrative complexities. No manual uploads.

Just a comprehensive retirement solution to help businesses and employees save for retirement.

Retirement Plan Options

We provide three retirement plan options tailored to meet your organization’s needs. Our plans feature institutional pricing and investment advisory services, helping to ease your fiduciary responsibilities as an employer. Whether you’re introducing a new retirement plan or enhancing an existing one, we’re here to help you do more.

Traditional 401(k) Plan

Enables employees to contribute while offering employers the flexibility to provide a match or no match at all.

Safe Harbor 401(k) Plan

This plan requires an employer match but eliminates certain testing requirements, enabling employees to contribute freely up to IRS maximums.

Simple IRA Plus

Employers can provide this plan to their employees with low administrative costs and no need for annual tax filings, making retirement savings a valuable benefit for their team.

Learn more about the Secure Act 2.0 and the tax credits available to offset costs of sponsoring a retirement plan.

The Payentry Retirement Advantage

Currency

Low Employer Cost

Our plans typically offer pricing that is 10-20% lower than our competitors, making it affordable to offer retirement as a benefit.

Add

Automatic Payroll Uploads

Reduce duplicate data entry, keying errors, and compliance issues.

Innovative Payroll

Employees Save More for Retirement

All funds are offered at institutional pricing without commissions.

Whether you are looking to add a new plan or have existing retirement options, we help you do more.

Retirement Services Options

Retirement Start-Up Timeline

Spectrum Start-Up Roadmap

The typical implementation timeline is between 60 – 90 days once your questionnaire and all documentation has been submitted.

  • Step 1. Service Agreement Plan Document, ACH and Online Access Agreements sent by Spectrum via Docusign for electronic signature.
  • Step 2. Consulting Agreement and Investment Policy Statement sent by Payentry via ZohoSign for electronic signature.
  • Step 3. Enrollment materials provided and employee education meeting schedule. 8 to 10 weeks (Just Prior to Effective Date)
  • Step 4. Effective Date with Spectrum. 8 to 10 weeks
  • Step 5. First payroll contributions sent to Spectrum. - First Check Date After Effective Date
  • Step 6. Schedule Spectrum website training at your convenience. Following Effective Date
  • Step 1. Spectrum Questionnaire and all data submitted to Spectrum. Plan transfer request made to previous recordkeeper. ASAP
  • Step 2, New Spectrum Service Agreement and Plan Documents sent to you via Docusign for electronic signature. 2 to 4 weeks
  • Step 3. Transfer of asset date assigned by previous recordkeeper. 30-day notice provided to you by Spectrum for distribution. TBD
  • Step 4. New Consulting Agreement and Investment Policy Statement sent via ZohoSign for electronic signature. 4-6 weeks.
  • Step 5. Employee materials provided and educational webinar scheduled with Payentry. 4 to 6 Weeks
  • Step 6. Effective date of new plan assigned by Spectrum. TBD 45 to 90 days
  • Step 7. First payroll contributions sent to Spectrum via Payentry upload. First payroll following effective date,
  • Step 8. Transfer of assets from previous provider to Spectrum. TBD 45 to 90 days
  • Step 9. Spectrum plan sponsor website training scheduled at your convenience. TBD

Retirement Conversion Timeline

Spectrum Conversion Roadmap

The typical conversion and implementation timeline is between 60 – 90 days once your questionnaire and all documentation has been submitted.

Retirement Solutions FAQs

Payentry provides retirement plan solutions for businesses, including plan design guidance, payroll integration, ongoing administrative support, and access to experienced professionals who help simplify plan management.

Payentry can help businesses implement and manage qualified retirement plans such as 401(k) plans and other employer-sponsored retirement savings programs.

Payroll integration automatically transmits contribution and census data, reducing manual entry, improving accuracy, and helping ensure employee deferrals are processed on time.

Yes. Payentry works with employers to evaluate retirement plan options, coordinate setup, and streamline administration so businesses can offer a competitive retirement benefit.

Absolutely. Payentry helps small and growing businesses establish retirement plans that fit their budget and workforce goals.

Yes. Payentry assists with data integration and administrative coordination to reduce manual work and support efficient plan management.

Offering a retirement plan can help attract and retain employees, improve financial wellness, and provide tax advantages for both employers and participants.

Yes. Payentry supports employee enrollment and education by coordinating with retirement plan providers and helping streamline the onboarding process.

A payroll-integrated 401(k) plan automatically transfers contribution data from payroll to the retirement plan provider, reducing errors and administrative burden.

Yes. Payentry works with retirement plan providers to ensure accurate and timely data transmission and smoother administration.

Yes. Automated payroll integration minimizes manual entry and helps reduce discrepancies in contribution reporting.

Yes. Employees can update their contribution elections according to plan rules and payroll processing schedules.

Outsourcing helps reduce administrative workload, improves accuracy, and provides access to experienced professionals who understand plan requirements.

Payentry helps ensure payroll contribution data is transmitted accurately and on time, supporting efficient plan administration and reducing operational risk.

Yes. Payentry offers guidance to help employers evaluate plan options and determine the best fit for their organization.

Yes. Payentry can assist with payroll integration and administrative coordination when transitioning to a new retirement plan provider.

Yes. Payentry integrates payroll with retirement plan administration to streamline data sharing and reduce manual tasks.

Implementation timelines vary depending on plan design and provider requirements, but Payentry works closely with your team to help ensure a smooth process.

You can schedule a complimentary consultation to discuss your retirement plan goals and determine the right solution for your business. Simply Click Here to contact our experts and schedule an introduction.

 

Payentry combines payroll integration, administrative support, and experienced guidance to help businesses offer retirement plans with less complexity and greater efficiency.

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker-Dealer member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Payentry Financial Services are not affiliated. We cannot accept trade orders through email. Important letters, email, or fax messages should be confirmed by calling 704-609-8405. No texts.