Why Changing Payroll Providers Is a 401(k) Event

Plan sponsors treat changing payroll providers the way homeowners treat replacing a dishwasher. Unplug the old one, slide in the new model, and suddenly everything runs better. In the retirementplan world, it’s nothing like that. Switching payroll is closer to rewiring your house while the lights are still on and the kids are microwaving popcorn. Payroll is not an accessory to the 401(k) plan— it is the nervous system. Every deferral, match calculation, eligibility date, and compensation... By: Ary Rosenbaum - The Rosenbaum Law Firm P.C.