Contribution Submissions - An Overview (For Advisors)

• Next Pay Date: The date we are expecting employers to submit their next scheduled contribution. 

• Start Contribution: Start a new payroll submission for the Next Pay Date.

• Deferral Change ("View Deferral Change"): Window where employers will see eligible employees who have submitted deferral changes via their Vestwell Saver Portal.

• The ⚙️ button will allow employers to edit payroll information like pay groups, payroll providers, and pay schedules.
• Other Actions: This button can be used to submit off-cycle contributions.

• History: Reflects their past payroll submissions their status(es), and any allowable actions.

To learn more about the Contributions Dashboard, please click here. 

Submitting Payroll Contributions

After clicking the Start Contribution button, employers can choose to:

• Manually input their contributions by typing them into the grid.
• Copy data from the last processed contribution.
• Upload a payroll file with contributions data, either from their payroll provider or our downloadable template.

You can learn more about each process by clicking on the hyperlinks or by watching the video below. 

Submitting Off-Cycle Contributions

If an employer needs to submit a contribution that is not tied to a regular pay cycle, they can submit an off-cycle contribution.

Here are a few examples of why employers may need to submit off-cycle submissions for their plan:

• Requesting Year-End Calculations 
• Paying Out Company Bonuses
• Contributions to K-1 Employees
• Correcting a Mistake Of a Payroll Submission

They can do so by selecting the Other Actions button on the Contributions page. 

Similar to submitting a regular contribution, they will have the option to manually type in the contribution into the grid, copy from a previous submission, or upload a payroll file. 

To learn more about off-cycle contributions, please click here. 

Vestwell Email Notifications

These are a few email notifications employers may receive regarding their Vestwell contribution submissions:

• Deferral Rate Changes Notification: Alerts the employer that a deferral rate change has occurred
• Upcoming Contribution Reminder: Reminds the employer of an upcoming contribution submission
• There Was a Problem With Your Contribution: Alerts the employer of any issues with a contribution
• Contribution Successfully Processed: Lets the employer know that the contribution submission was successfully processed 

To learn more about email notifications, please click here.