Funding Method: Funding Files
5:54
Description
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PSW allows you to select the payment method(s) for funding the contributions you sent to Fidelity.
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5:54
PSW allows you to select the payment method(s) for funding the contributions you sent to Fidelity.
Contribution and loan errors generate after loading the file if the data submitted doesn’t match or work with the services the plan offers.
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Best practices to help plan sponsors determine if manually entering contribution and loan data via the contribution center is a convenient option.
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Certain types of contribution corrections must be completed via a Fidelity Plan Sponsor Webstation Service Request.
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Managing the contributions for your plan participants is completed in four steps. The fourth and final step of the process is managing the adjustment file.
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A participant file layout will allow you to load your participant information to PSW so that Fidelity can read it and create participant accounts.
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Hours based vesting and eligibility is a method of determining a year of service by tracking actual hours worked.
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