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PayStart 360 offers many benefits to plan sponsors, including:
PayStart 360 gives you more time to focus on your business by eliminating the need to submit contribution files.
Contributions are posted immediately after the pay date, reducing the number of participant inquiries.
Transamerica receives payroll data directly and electronically from ONEMINT, reducing potential data transcription errors.
Both contribution files and feedback files are seamlessly sent back and forth between
In a traditional payroll process, the plan sponsor uses data from ONEMINT to create a separate file to send to its 401(k) provider. PayStart 360 helps simplify this time-consuming and tedious process.
With Transamerica’s new Automated Approval service, plan sponsors can choose to have Transamerica process payroll files, in good order, on their behalf. Plan sponsor involvement is needed only when there’s an issue with the data received from ONEMINT.
Transamerica is one of the largest and most reputable recordkeeping firms in the country. Our integration and technology teams have worked tirelessly to build and test this seamless automation in order to deliver an incredible software and service to our clients.