Insperity’s 360\u00b0 Retirement Integration<\/mark><\/strong> eliminates manual work by sharing information between the Insperity HR<\/strong>Core\u2122 technology platform, isolved People Cloud, and your third-party retirement recordkeeper. This bidirectional integration sends deferred compensation and demographic information from isolved to your recordkeeper when payrolls are processed, and then updates benefit records in isolved when employees change their contributions using the recordkeeper’s technology platform.<\/p>\n\n\n\n While 360\u00b0 Retirement Integration moves data between the Insperity HR<\/strong>Core technology platform and your recordkeeper, it does not move funds. Insperity does not fund retirement accounts managed by third party recordkeepers. <\/strong>Only the Choice 401(k) plans from Insperity Retirement Services<\/a> include retirement plan management and direct account funding with each payroll.<\/p>\n\n\n\n 360\u00b0 Retirement Integration for Insperity HR<\/strong>Core includes:<\/p>\n\n\n\n isolved People Cloud -> deferred compensation recordkeeper<\/strong><\/p>\n\n\n\n Employee and payroll data will be sent from the isolved People Cloud technology platform to your recordkeeper when payrolls are processed. <\/p>\n\n\n\n While contribution data is transmitted when you post your payroll, many recordkeepers wait to process employee deferrals, employer matches, and loans until the pay date to ensure there are no voids or other modifications that would impact contribution amounts. <\/p>\n\n\n\n The following information is included with outbound data transmissions:<\/p>\n\n\n\n Deferred compensation recordkeeper -> isolved People Cloud<\/strong><\/p>\n\n\n\n Information will be sent from your recordkeeper and automatically applied to employee deferred compensation benefit records in isolved People Cloud as changes are received.<\/p>\n\n\n\n While some recordkeepers send employee contribution updates when they happen, many send changes on a fixed schedule like weekly, or wait until the next payroll is processed to include updates.<\/p>\n\n\n\n Insperity 360\u00b0 Retirement Integration will process inbound employee contribution and loan changes by 5AM EST the day after they are received.<\/p>\n\n\n\n The following information is included with inbound data transmissions:<\/p>\n\n\n\n While 401(k) plans are the most common, 360\u00b0 Retirement Integration can support other deferred compensation plan types if the third party recordkeeper allows file-based integration through secure file transfer (SFTP) or direct integration through APIs.<\/p>\n\n\n\n We currently support 360\u00b0 Retirement Integration with 32 of the most popular 401(k) recordkeepers for employer-sponsored plans.<\/p>\n\n\n\n We also support integration with these state-mandated ROTH IRA multiemployer plans:<\/p>\n\n\n\n Insperity is working to add new third party retirement recordkeepers every day. To confirm if your recordkeeper is currently supported, contact your Sales Engineer or Customer Success Specialist.<\/p>\n\n\n\n Insperity HR<\/strong>Core and Insperity HR<\/strong>Core\u2122 Select Edition clients can purchase 360\u00b0 Retirement Integration for a low monthly cost per FEIN. Contact your Insperity Sales Team or Customer Success Specialist to add 360\u00b0 Retirement Integration today.<\/p>\n\n\n\n For more tools to leverage Insperity HR<\/strong>Core for retirement plan administration, see:<\/p>\n\n\n\nIntegration Features<\/h2>\n\n\n\n
Outbound data transmissions<\/h3>\n\n\n\n
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Inbound data transmissions<\/h3>\n\n\n\n
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Supported Plans<\/h2>\n\n\n\n
Supported Deferred Compensation Plan Types<\/h3>\n\n\n\n
Supported Third Party Recordkeepers<\/h3>\n\n\n\n
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Purchasing 360\u00b0 Retirement Integration<\/h2>\n\n\n\n
Low monthly cost for seamless automation<\/h3>\n\n\n\n
More Information<\/h3>\n\n\n\n