Partnering in the payroll process.
A company may have overlooked processing a contribution or implementing a change to a participant’s deferral election during a normal payroll administration run. Maybe they added or removed pay codes that might affect eligible compensation without adjusting their payroll contribution calculations. Either way, CBS has vast expertise in payroll correction services for companies of all sizes. We can partner with you to identify any payroll under-payments, over-payments, or tax withholding issues, and provide solutions for correction. Our team will perform a comprehensive review of your pay codes to confirm that eligible pay is being correctly determined. We will also assist you in developing the necessary policies and procedures to minimize future payroll misalignment.