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How to load New Hires and Modify Existing employee’s via file upload on PSW.
Contribution and loan errors generate after loading the file if the data submitted doesn’t match or work with the services the plan offers.
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Hours based vesting and eligibility is a method of determining a year of service by tracking actual hours worked.
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Steps to help plan sponsors determine if submitting contribution and loan data via spreadsheet is the most convenient option.
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You will receive participant error files in PSW when the data on the participant file does not match the data that is already in PSW.
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New employees can be loaded manually into PSW without a file upload.
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See the steps to establish an automatic debit account; an account that is a sponsor bank account for which Fidelity has been authorized to initiate electronic debits for the purpose of funding contributions, loan repayments, and other plan payments.
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For Plan Sponsor Use Only
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