Retirement Plan Reporting
We know it’s much more than deducting an employee’s elected deferral.
SentricWorkforce addresses the rest of the retirement plan accounting and reporting. We’ll follow your Plan Document to automatically calculate your employer match. We’ll ensure loan repayments are accurately deducted and end on schedule. We’ll make sure the data you need is available for your annual filings and census reporting.
SentricWorkforce will handle the details…
- Loan repayment tracking
- Discrimination-testing data setup
- Beneficiary tracking
- Calculations matching
- Remission of required deduction/match/loan information to your plan administrator
We help ensure that you’re compliant, and save you the time and resources associated with this routine, yet sometimes burdensome task.