When a plan is terminating or transferring to a new provider, Guideline looks to the company to direct us as to when we should stop collecting payroll contributions. For this purpose, we use the “date of final payroll contribution” that you specified in the termination package you completed. The date you specify must be on or after the last date that Guideline will collect contributions. You may find this date on your plan’s dashboard under Reporting tab > Contributions Report.

If your plan is transferring to a new provider, you must make sure that the new provider collects the contributions due to be made to the plan after this date.

If your plan is terminating, please note that while Guideline will stop collecting contributions, you may need to take additional steps with your payroll vendor to discontinue payroll withholding on their system.

You can learn more about the termination process and billing here.

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