---
title: 401k Payroll Processing Business Services
description: Single point of contact for your 401k payroll processing Services Same-day reply to all phone calls and email 100% of electronic contributions (such as ACH) invested within 3 days of receipt of orderly data and funds 100% of participant transactions processed within 3 days of receipt of orderly data and funds Assumption of co-fiduciary responsibility to assist plans in meeting or … Read More
---

[Dominion Payroll Blog ](https://blog.dominionpayroll.com)

# [401k Payroll Processing Business Services](https://blog.dominionpayroll.com/401k-payroll-processing-business-services)

 Written by [Admin](https://blog.dominionpayroll.com/author/admin) | Oct 11, 2013 3:30:50 PM

- Single point of contact for your 401k payroll processing Services
- Same-day reply to all phone calls and email
- 100% of electronic contributions (such as ACH) invested within 3 days of receipt of orderly data and funds
- 100% of participant transactions processed within 3 days of receipt of orderly data and funds
- Assumption of co-fiduciary responsibility to assist plans in meeting or exceeding fiduciary standards in regard to the performance of administration and record-keeping functions
- Continuous data backup and unlimited customized reporting
- New plans set up within 5 business days on receipt of accurate and reconciled data on our 401k payroll processing  Services
- Will work with your TPA or FA to allow view only access to help with
- All necessary testing-actual deferral percentage (ADP) testing, actual contribution percentage (ACP) testing, non-discrimination testing, top heavy testing, and new comparability testing
- Form 5500s, Summary Annual Reports and other necessary forms prepared within 30 days of receipt of data
- Customized enrollment kits
- Participant statements with our 401k payroll processing Services
- Broker/advisor payments processed within 24 hours of Plan Sponsor approval
- Conversions completed within 10 business days on receipt of accurate and reconciled data
- Distribution and loan requests processed within 5 business days
- Online TPA census and contribution reports
- Calculation of participant vesting balances

[View full post](https://blog.dominionpayroll.com/401k-payroll-processing-business-services)

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