Gusto 401(k) Features

Allows administrators to design employee retirement plans

Allows plan participants to select contribution amounts and investments

Displays employee investment balances for given time periods

Displays what investments an employee has chosen, and what investments are available

Allows employees to view and update their personal information, such as salary, dependents, investment goals, etc.

Plan complies with Internal Revenue Code and is operating according to its terms and the law

Has tasks for plan maintenance to remain qualified for tax benefits, such as allocation/distribution reports, tracking participant loans, and independent reviews

Functionality to monitor employee participation and investment peformance

Gives access to pre-built and custom reports and dashboards to track 401(k) administration costs, employer contributions, and for compliance purposes

Converts images into a textual description, identifying key elements.