When you offer a 401(k) plan through Guideline and use one of our integrated payroll providers, we’ll process all employee’s contributions directly through your payroll.

Here’s how it works: You will run your payroll as normal, and contributions will be taken directly out of all enrolled employees’ paychecks.

One business day following your pay date, Guideline will pull an ACH debit from your company’s bank account for the total amount of employees’ contributions, plus any matching or non-elective contributions (if applicable) that are included in your plan. This amount will be based on the deferral elections in the employees’ dashboard as well as the employer contribution formula indicated in your plan’s documents. These funds will then be allocated to the employees’ 401(k) accounts within 5-7 business days of the ACH debit.

For owners who receive self-employed income, their employee and employer contributions are handled differently. You can find more information about their process here.

If you have a self-service plan, you’ll need to upload your payroll reports within your dashboard for contribution processing. See here fore more information on processing self-service payroll.

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