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More and more companies are turning to third party
providers such as Merrill Lynch, American Century, MetLife, etc. to provide 401k testing
and benefit management services for their employees. These providers are helping to reduce
the workload of payroll departments all over the United States. However, the volume of
work these providers do requires them to receive all transactional and/or testing
information electronically. This reduces errors and costs as well as improves turn-around
times. Unfortunately, many companies do not realize that if they are using ADP Payroll
Services, there is a way to automate the data transfers to and from these third party
providers in a fast and cost-effective manner.
Tarver Program Consultants can help by developing a
Benefit Data Interface. Working with ADP staff, we can develop management reports from ADP
that can be downloaded to your computer and then using the TPC Data Translator, these
reports can be converted into formats that can be transmitted directly to the third party
providers and imported directly into their mainframes for processing.
Once the benefit interface is completed and tested, it
is shipped to you where it is installed on your computers and run whenever necessary.
There are no monthly service fees or process fees. You pay only for the initial
development of the interface. In most cases, these benefit interfaces pay for themselves
within a few months. We have developed these interfaces for most of the major service
providers and can produce not only format translators but also content translators.
Reducing the chance of error and eliminating duplication of effort is no longer a dream
for many companies and it doesn't have to be one for your company either.
As with all of the software we create, we provide a 90
day full warranty that covers everything with our product. In fact, if you don't like the
color of screen or how it is laid out, we will gladly change it at no charge. Concurrent
with the 90 day full warranty is our Twelve (12) Month Bug-Fix Guarantee. From the date of
product shipment, if any unanticipated problem occurs with our software we will fix it
free of charge. This is includes Y2K! In fact, we have been providing Y2k compliant
software for almost two years now. Finally, if our product doesn't do exactly what we said
it would do, we provide a 90 day money-back guarantee that is unmatched in the industry.
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