Principal Payroll Program

The Ahola Corporation and the Principal Financial Group (The Principal) are now working together -- so you can work less.

Benefits of the Principal Payroll Program

• Working with the expertise of both The Ahola Corporation and The Principal allows you to focus on your core business. You'll know that reputable firms are working with you and your employees.

• Together, we help streamiline your administrative tasks and link your valued services together - payroll and retirement plan services.

• Save time - Reduce the amount of ongoing administrative work associated with a retirement plan.

Ahola and The Principal

Advanced technology allows your payroll to be interfaced with your 401(k) plan program. Ahola serves as your payroll provider and can electronically exchange information directly to The Principal. You receive the benefit of only having to send information to one contact.

The link between payroll and 401(k)

When processing a standard payroll, Ahola performs the following tasks that are linked to 401(k) plan administration:

• Process all new employees and terminations.

• Process all pay changes.

• Process all 401(k) pay reductions prior to tax processing.

• Accumulate and allocate 401(k) payroll dollars according to employees' investment selections.

• Generate data needed for compliance testing and reporting.

We save you extra work

If you are using a traditional approach to completing payroll and 401(k) plan administrative tasks, you may be doing more work than you have to. In a typical setting your tasks would include:

• Input new hires and salary deferral changes into payroll.

• Order allocation reports from your payroll company.

• Receive and review allocation report.

• Ship report to record keeper.

• Order wire transfer.

• Receive and review fund confirmation statement.

• Receive and reconcile bank statement.

• Receive and reconcile participant valuation report.

Use the Principal Payroll Program and save time and effort by doing only the following:

• Input new hires and salary deferral changes into payroll.

• Receive and reconcile Monthly Executive Summary Report.

It's simple! Send your company's information to Ahola each pay period, and let our technology work for you!

Want More info? Please Click Here to go to Principal Financial's Payroll Program main page.