Batch Paycheck Calculator in the 401(k) Market
Imagine stepping into a prospective employer's office and showing them how you will provide customized participant reports showing their employees what enrollment in the 401(k) plan means for them.
How? TRAK's Batch Paycheck Calculator provides this ability. It is an illustration tool for clearly illustrating to participants what various levels of contributions mean to:
1) |
their take home pay; |
2) |
how growth of the differing contributions would accumulate at differing rates of return; and |
3) |
how much income could be expected from the cash balances during retirement over life expectancy. |
TRAK allows for importing employer census data from various formats (including Excel and comma-separated values) using a wizard. When opening the Batch Paycheck tool, the imported data is selected, and printing of the reports can be done with two clicks of a mouse button. An example of how a report may appear is available here.
Use TRAK to differentiate yourself by providing a service your competitors do not provide.
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