By Stephanie Elsen
Thousands of companies nationwide are using CenterPoint Payroll Software, and there are also many companies that administer 401K/Roth investments dollars. Employers need to report employee 401K/Roth deductions and the employer matching benefits to these plan administrators. The plan administrator normally prefers to get the employee and employer matching dollars reported on a pay period or monthly basis in a unique CSV or Excel file format. The required file formats can vary among different 401K management companies. If you need to pull out a unique set of data, how will you handle it?
Red Wing Software has a tool available for use with CenterPoint Payroll that allows the Red Wing Software staff to create a file export to match your 401K/Roth administrator’s unique format. If you need a custom export for your 401K, give us a call to discuss whether the tool would work for you. Our standard tool can handle 90%+ of custom 401K exports. However if the file format required by your 401K administrator is more complex than normal, we still may be able to help. Contact Red Wing Software to learn more! Call 800-732-9464 or e-mail email@example.com.