CORE Payroll for MEPs and PEPs: Simplifying the Complex
Payroll processing in Multiple Employer Plans (MEPs) and Pooled Employer Plans (PEPs) is inherently complex. With varied employer setups, plan provisions, and payroll formats, ensuring accuracy and consistency across participating employers is a massive operational challenge.
Congruent’s CORE Payroll module is purpose-built to support MEPs and PEPs with a scalable, automated solution that standardizes payroll intake, simplifies data mapping, and ensures accurate downstream processing — all while easing the burden on your internal teams.
The Challenge: Fragmented Payroll Data Across Employers
– Diverse File Formats: Each employer uses a different payroll provider or system, leading to inconsistent data formats and field structures.
– Plan Variation: Eligibility rules, contribution formulas, and loan provisions may differ across adopting employers.
– High Volume: Large number of employers submitting payroll files on staggered schedules increases risk of delay or error.
– Manual Intervention: Reformatting files, chasing corrections, and validating data consumes staff time and introduces risk.
The Solution: CORE Payroll for MEPs and PEPs
CORE acts as your intelligent payroll intake and normalization engine, ensuring every file from every employer is clean, compliant, and ready for processing.
How CORE Helps:
– Multi-Sponsor Payroll Support: Designed to support multiple adopting employers within a unified plan structure.
– Automated Data Mapping: CORE standardizes diverse payroll files and maps them to plan-specific rules and fields.
– Validation Engine: Built-in logic checks for missing data, incorrect contribution limits, eligibility errors, and formatting issues before files are processed.
– Employer Portal Access: Employers can upload payroll directly, track file status, and receive error alerts in real time.
– Streamlined Downstream Processes: Clean, validated data feeds seamlessly into recordkeeping, compliance testing, loans, and distributions modules.
Why Congruent CORE
With 20+ years in the retirement industry and hands-on experience supporting MEPs, PEPs, and PEOs, Congruent brings unmatched operational insight and technology to handle the payroll complexities of pooled plans.
Outcome: Operational Efficiency at Scale
– Reduce manual touchpoints and errors
– Ensure compliance with plan-specific rules
– Improve turnaround time for payroll posting and participant transactions
– Scalable solution to support growing MEP/PEP structures
