Adding a Retirement Plan (401(k), SIMPLE IRA, or State-Mandated Plan)

Adding a Retirement Plan (401(k), SIMPLE IRA, or State-Mandated Plan)

Adding a Retirement Plan (401(k), SIMPLE IRA, or State-Mandated Plan)


If you’ve recently added a 401(k), SIMPLE IRA, or state-mandated retirement plan, there are a few required steps to ensure payroll deductions and contribution limits are handled correctly.

Step 1: Contact Your Payroll Specialist

Once your retirement plan has been established, please reach out to your assigned Green Leaf payroll specialist and request that retirement deduction codes be added to your payroll.

When submitting your request, please include:

  • Confirmation that a retirement plan has been added

  • A copy of your Summary Plan Description (SPD), if available

Providing the SPD allows our team to accurately align deductions, limits, and any employer matching rules with your plan.

Step 2: Green Leaf Configuration

After your request is received, your payroll specialist will:

  • Activate the appropriate retirement deduction codes

  • Create and assign the required retirement profile

  • Configure contribution limits and employer matching (if applicable)

Once the retirement profile is in place:

  • The system will automatically track contribution limits

  • The retirement profile will be automatically assigned to all new hires going forward

No additional setup is required for future employees unless your plan details change.

Retirement Plan Options Through Green Leaf

Option 1: Add or Convert to a Green Leaf 401(k)

Green Leaf offers 401(k) plans designed to integrate seamlessly with payroll and support compliance and scalability as your business grows.
To learn more about plan options, pricing, and conversion timelines, contact:

Option 2: Integrate Your Existing 401(k) Plan

Already have a 401(k) in place? Green Leaf offers 401(k) integrations that support:

  • Automated census reporting

  • Per-payroll transmission of employee and employer contribution amounts

Integrations reduce manual reporting and improve accuracy across payroll cycles.

For pricing and implementation details, reach out to:
📧 sales@greenleafbizsolutions.com

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