Patriot

Since our platform has an integration with your payroll provider, we can take a lot of work off your plate regarding the processing of your payroll files through automation.

Patriot offers a 360° level of integration.

This guide will help you set up your integration as well as help you understand your specific responsibilities for the proper administration and submission of payroll files.

  1. How Does My Integration Work?
  2. Are There Any Reasons Why My Plan Might Not Be Eligible for an Integration? 
  3. How Do I Initiate My Integration Setup?
  4. What Are my Responsibilities If My Plan Has an Active Payroll Integration? 
  5. What Does Vestwell Handle for Me If My Plan Has an Active Payroll Integration?
  6. Will Patriot Charge Me Fees to Set Up and/or Maintain My Payroll Integration? 
  7. How Do I Disconnect My Integration? 

How Does My Integration Work?

Your integration is a 360° Automated Integration. This is a two-way integration in which Vestwell will automatically receive certain information about your plan and participants from your payroll system, process employee and employer contributions to the plan, and automatically send your employees’ selected deferral elections from their Vestwell portal to your payroll provider.

Are There Any Reasons Why My Plan Might Not Be Eligible for an Integration?

There are some plan design features that currently prohibit the use of payroll integration, including:

  • Plans that have multiple EINs.
  • Plans that have multiple logins into their payroll system.
  • Plans that do not have an established recurring pay schedule setup in both Vestwell and the payroll system.
  • Plans that do not use the same payroll provider for all pay group(s).
  • Plans that have limitations preventing each paygroup from being integrated. 
  • Eligibility rules that exclude certain classes of employees, types of compensation, or certain types of hours worked.
  • Plans with both non-mandatory employer contributions & mandatory employer contributions being funded on a per-pay period basis
  • Plans that allow after-tax contributions (only be available if your plan uses a Third Party Administrator). Note: After-tax and Roth contributions are not the same; please see our article "Participant Contribution Types: Differences between Pre-tax, Roth, and After-tax."

How Do I Initiate My Integration Setup?

Let your Vestwell Representative know that you'd like to integrate. From there, the Vestwell team will work with Patriot to set up your integration. There may be a few action items for you to complete along the way - prompt completion of these action items is crucial to ensure a timely setup. 

Please note that until the integration is activated, contribution uploads into the Vestwell portal will be required until our team has notified you that the integration can begin. 

What Are My Responsibilities?  

Our ability to successfully process your payroll files and administer your plan depends on you! It is your responsibility to:

  • Loans
  • Discretionary and/or Profit-Sharing Contributions 
  • Mandatory Employer Contributions
  • Pay Groups 
  • Employee Status Changes - Payroll System
    • Make updates in your payroll system when employees are hired, terminated, or re-hired, etc.
  • Employee Personal Information
    • Maintain complete, accurate, and up-to-date personal information within your payroll system - including date of birth, social security number, and email address. 
  • Pay Frequency/Schedule Changes
    •  Report any pay frequency or pay schedule changes to Vestwell.
  • Review Payroll Data
    • We rely on you to provide us with correct, updated, and complete data about your employees regardless of whether we receive that data directly from you or from your payroll provider. Regular audits and spot checks of the data provided to us will help you quickly identify and rectify any discrepancies. 

What Does Vestwell Handle for Me If My Plan Has an Active Payroll Integration?

  • Payroll Codes

Set up and maintain certain payroll codes within your payroll system.  Because Vestwell manages the codes, do not change this information unless expressly told to do so by your Vestwell Representative. 

    • Pre-Tax 401(k) $

    • Pre-Tax 401(k) %

    • Roth 401(k) $

    • Roth 401(k) %

    • Per pay period Safe Harbor employer contribution

  • Employee Deferrals - First Payroll

    • 4 business days prior to your first pay date with Vestwell, we will use the employee deferral rates in the Vestwell portal to set employee elections in your payroll system.

  • Employee Deferral Updates

    • Ongoing deferral changes made in the Vestwell portal by eligible employees will be set in your payroll system within two business days.  

    • If your plan has an auto-enrollment feature, the same guidelines above apply. 

  • Employee Status Changes - Vestwell Portal

    • If you add, rehire or terminate employees in your payroll system, and the changes are not reflected in the Vestwell portal one business day after the next pay date, reach out to your Vestwell representative.

  • Processing Contributions
    • Process employee deferrals and employer contributions which are maintained by the integration shortly after you run payroll in your payroll system. 

Will Patriot Charge Me Fees to Set Up and/or Maintain My Payroll Integration?

Your payroll provider may charge fees in conjunction with the integration. Please check with your Patriot representative for more specific details. 

Vestwell will not charge you to facilitate this integration.

How do I Disconnect My Integration?

If you change payroll providers, it is your responsibility to inform us so that we can disconnect your integration and assess whether integration with a different payroll provider is available. Please reach out to your Vestwell Representative, and we will assist you.

If your plan has been amended or if you are considering an amendment to your original plan documents, please inform your Vestwell Representative to understand what actions on your part will be required to submit and process your payroll files correctly.