The Payroll 401(k) Report provides detailed information on employee and employer contributions to 401(k) and Roth 401(k) plans for a selected date range. This report ensures the accurate tracking of retirement plan deductions and contributions for compliance and financial reconciliation purposes.
When to Use It
Payroll Cycle Review: To verify 401(k) deductions and employer contributions before finalizing payroll.
Benefits Administration: To monitor retirement plan participation and contribution accuracy.
Audit Preparation: To provide detailed 401(k) records for internal or external audits.
Year-End Reporting: To confirm totals for annual compliance and reporting to plan providers.
Who Uses the 401(k) Report, How Often, and Why
