Retirement Plan Services

Finally, a payroll company who provides more retirement plan options.

Compass

No administrative complexities. No manual uploads.

Just a comprehensive retirement solution to help businesses and employees save for retirement.

Retirement Plan Options

We provide three retirement plan options tailored to meet your organization’s needs. Our plans feature institutional pricing and investment advisory services, helping to ease your fiduciary responsibilities as an employer. Whether you’re introducing a new retirement plan or enhancing an existing one, we’re here to help you do more.

Traditional 401(k) Plan

Enables employees to contribute while offering employers the flexibility to provide a match or no match at all.

Safe Harbor 401(k) Plan

This plan requires an employer match but eliminates certain testing requirements, enabling employees to contribute freely up to IRS maximums.

Simple IRA

Employers can provide this plan to their employees with low administrative costs and no need for annual tax filings, making retirement savings a valuable benefit for their team.

Learn more about the Secure Act 2.0 and the tax credits available to offset costs of sponsoring a retirement plan.

The Payentry Retirement Advantage

Currency

Low Employer Cost

Our plans typically offer pricing that is 10-20% lower than our competitors, making it affordable to offer retirement as a benefit.

Add

Automatic Payroll Deduction

Reduce duplicate data entry, keying errors, and compliance issues.

Innovative Payroll

Employees Save More for Retirement

All funds are offered at institutional pricing without commissions.

Whether you are looking to add a new plan or have existing retirement options, we help you do more.

Retirement Services Options

Retirement Start-Up Timeline

Spectrum Start-Up Roadmap

The typical implementation timeline is between 60 – 90 days once your questionnaire and all documentation has been submitted.

  • Step 1. Service Agreement Plan Document, ACH and Online Access Agreements sent by Spectrum via Docusign for electronic signature.
  • Step 2. Consulting Agreement and Investment Policy Statement sent by Payentry via ZohoSign for electronic signature.
  • Step 3. Enrollment materials provided and employee education meeting schedule. 8 to 10 weeks (Just Prior to Effective Date)
  • Step 4. Effective Date with Spectrum. 8 to 10 weeks
  • Step 5. First payroll contributions sent to Spectrum. - First Check Date After Effective Date
  • Step 6. Schedule Spectrum website training at your convenience. Following Effective Date
  • Step 1. Spectrum Questionnaire and all data submitted to Spectrum. Plan transfer request made to previous recordkeeper. ASAP
  • Step 2, New Spectrum Service Agreement and Plan Documents sent to you via Docusign for electronic signature. 2 to 4 weeks
  • Step 3. Transfer of asset date assigned by previous recordkeeper. 30-day notice provided to you by Spectrum for distribution. TBD
  • Step 4. New Consulting Agreement and Investment Policy Statement sent via ZohoSign for electronic signature. 4-6 weeks.
  • Step 5. Employee materials provided and educational webinar scheduled with Payentry. 4 to 6 Weeks
  • Step 6. Effective date of new plan assigned by Spectrum. TBD 45 to 90 days
  • Step 7. First payroll contributions sent to Spectrum via Payentry upload. First payroll following effective date,
  • Step 8. Transfer of assets from previous provider to Spectrum. TBD 45 to 90 days
  • Step 9. Spectrum plan sponsor website training scheduled at your convenience. TBD

Retirement Conversion Timeline

Spectrum Conversion Roadmap

The typical conversion and implementation timeline is between 60 – 90 days once your questionnaire and all documentation has been submitted.

“Our goal is to empower businesses with retirement solutions that secure a brighter future for their employees while simplifying the process for employers. We’re here to ensure every step is seamless and impactful.”

Mike Meador, Vice President of Corporate Development
Mike Meador, VP of Corporate Development

Securities offered through Registered Representatives of Cambridge Investment Research, Inc., a Broker-Dealer member FINRA/SIPC. Advisory services through Cambridge Investment Research Advisors, Inc., a Registered Investment Adviser. Cambridge and Payentry Financial Services are not affiliated. The information in this email is confidential and is intended solely for the addressee. If you are not the intended addressee and have received this email in error, please reply to the sender to inform them of this fact. We cannot accept trade orders through email. Important letters, email, or fax messages should be confirmed by calling 704-609-8405. No Texts. This email service may not be monitored every day or after normal business hours.