Minute Read

This One Manual Payroll Error Could Jeopardize Your 401(k) Compliance

By 
Tim McNeely
,
CFP®
|
By 
By Farther

You didn’t build your practice to be a file transfer specialist. But if your team is still manually uploading payroll files to your 401(k) provider, that’s exactly what’s happening.

One growing dental group thought they had it under control—until a missed payroll cycle left employee contributions in limbo. That one delay triggered late contribution penalties and cost the team missed market gains.

Worse, it fractured trust with staff who expected their money to be invested on time.

What started as a ‘small error’ quickly became a DOL compliance risk.

When they finally switched to a retirement plan with built-in payroll integration, everything changed. Contributions flowed automatically. Errors vanished. And their admin regained hours each week.

Here’s the truth:

Manual processes break down. And when they do, you pay in penalties, staff morale, and lost time.

🔍 Benchmark your 401(k) systems today. Let’s uncover where operational drag is costing you more than you think.

Tim McNeely

,

Vice President, Wealth Advisor
Since 2001, Timothy has helped high-net-worth dental entrepreneurs take control of their financial world and continue to build their wealth – allowing them to excel in patient care without the overwhelming burden of managing their finances. He prides himself on creating a roadmap so his clients can focus on what matters most: their life, family, and legacy.
Since 2001, Timothy has helped high-net-worth dental entrepreneurs take control of their financial world and continue to build their wealth – allowing them to excel in patient care without the overwhelming burden of managing their finances. He prides himself on creating a roadmap so his clients can focus on what matters most: their life, family, and legacy.

Since 2001, Timothy has helped high-net-worth dental entrepreneurs take control of their financial world and continue to build their wealth – allowing them to excel in patient care without the overwhelming burden of managing their finances. He prides himself on creating a roadmap so his clients can focus on what matters most: their life, family, and legacy.

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