Netchex has introduced a significant upgrade to its payroll and HR solution by integrating it with Payroll Integrations, which provides 360-degree integration with more than 90 of the top 401(k) service providers. This innovation solves the drawbacks faced by the previous payroll systems due to their use of fragmented and independently maintained connections, making it easier for companies, brokers, and consultants to collaborate with any 401(k) partner they prefer without any hassle. This solution is specifically tailored for organizations operating on the frontline and at multiple locations, streamlining critical tasks such as contribution calculation, eligibility monitoring, and employee information management, thereby minimizing the manual effort required and lowering the risk of inaccuracies and non-compliance.
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As Abhinav Agrawal, CEO of Netchex, stated, “Most of the businesses we work with do not have a team dedicated to managing retirement plans. They have managers wearing multiple hats, trying to keep everything moving. Through our integration with Payroll Integrations, we’re able to take that work off their plate while making it easier to work with the brokers and advisors they already trust. And when they need help, they are not routed through a system. They talk to a real person who understands their business.”
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