Every payroll period you need to transmit payroll files, approve ACH transactions and update your payroll system for retirement plan deferrals and loan repayment changes. Fiduciary Outsourcing is your professional, independent partner for these and other critical retirement plan administration tasks. Outsource the effort and responsibility for these time consuming tasks to us.
Depending on available payroll system integration, each payroll period we will transmit payroll files, approve ACH transactions and make deferral and loan repayment changes.
When ACH Approval is one of our services, Fiduciary Outsourcing will maintain a fidelity bond for the client at NO additional cost. The fidelity bond is auto increasing and provides the minimum coverage required by the Department of Labor.
As an ERISA 3(16) Plan Administrator, Fiduciary Outsourcing is here to reduce the administrative effort, resource burden and risk of liability of your retirement plan. We implement customized outsourcing options to fit your needs so that you can rest easy knowing your plan is compliant with rules and regulations.