How do I upload payroll for my 401(k) plan?

For a tutorial on how to upload your payroll contribution files, watch the video below.

Employer Dashboard Tutorial

1. Review your Deferral Change Report and adjust any employee deferral changes in your payroll software.
    
2. Click “Upload Payroll”.
    
3. Download our template for a .csv file of all your employee’s identifying information
    
4. Update the template with the relevant information for this pay period.
   1. Gross compensation this pay period
   2. Hours worked this pay period
   3. Traditional employee contribution
   4. Roth employee contribution
   5. Employer match (if applicable)
   6. Safe harbor match (if applicable)
   7. Safe harbor non-elective contribution (if applicable)
      Please note that all numbers should be for this pay period only, not cumulative for the entire year.
       
5. Click “I’m Ready to Upload” and select your .csv file to upload.
    
6. Specify an effective date for your payroll upload. Remember, your effective date is the same as your payroll date, not the date of submission.
    
7. Review your payroll contribution details for accuracy and click “Approve Contribution” to submit it for processing.
    
8. Funds will be transferred from your bank account to Betterment usually by the next business day and will appear in employee accounts within 3 business days after the initial transfer.