INTEGRATING 401(k) PLAN ADMIN, PAYROLL
HR/payroll companies such as Ceridian and Paylocity, which do not have 401(k) offerings, have begun to partner with record keepers and with software platforms, such as Aspire Financial, and investment firms that have a robust recordkeeping platform, such as Great West and ING, to offer advantages that an integrated system offers. This is in order to compete with the likes of ADP and Paychex. Even regional payroll companies like Balance Point Payroll in New Jersey have payroll and 401 (k) administration data exchange with Great West and other providers.
