Benefits Accounting Workflow Template

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Overview: Benefits Accounting Workflow Template

This workflow template illustrates the processing and documentation of employee 401(k) information. Purchase and download this template in PDF, Visio and PowerPoint formats, and customize it to fit your organization, or use it to better understand the Benefits Accounting process.

Download a Free Sample of this Workflow Template


Process Details and FAQ: Benefits Accounting

What is Benefits Accounting?

Benefits Accounting is a process that involves the processing and documentation of employee 401(k) information. Though new hires make up most 401(k) applicants, employees who want to change information or 401(k) policies are also involved. This process includes the education of applicants on 401(k) enrollment (this may involve the onboarding meetings and email information packets), the transmission of participant enrollment information to one or more related banks (the bank or banks involved in this process usually have a policy with the employee's company; any 401(k) policies enacted outside of the company's benefit's package may not involve the employee's company), the configuration of payroll deductions for participants and the validation of 401(k) fund transfers.


Which KPIs, or metrics, are typically used to measure this process?

The following metrics are typically involved in the Benefits Accounting process:



Which employees and/or departments are involved in this process?

The following parties are typically involved in the Benefits Accounting process:


  • Employee
  • Benefits Manager
  • HR Benefits Analyst

What is the purpose of these workflow templates?

Broken business processes pervade companies, large and small. Manual workarounds, downtime, errors and other waste is thought of as "the cost of doing business." Use our workflow templates as a starting point to document your own processes. Customize them to fit your business and add "call outs" for improvement opportunities.


How are these workflow templates created?

These workflow templates are the product of over 20 years of hands-on management consulting experience, as well as research performed by the OpsDog team. All of our workflows are mapped using the BPMN 2.0 specification.


How do I download a workflow template?

Simply click the "add to cart" button and follow the process to purchase and download this workflow template. You can use any major credit card, or a PayPal account, to pay. After you have completed the purchase, you will receive a link to immediately download the document in PDF, Visio and PowerPoint formats. If you aren't a registered OpsDog user yet, create a free account! New users get $20 off of their first purchase.


Questions?Call: 844-650-2888Email: info@opsdog.com
  • Workflow Template

    $15

    Benefits Accounting

    - Instantly download files
    - Includes PDF, VSD, PPT file formats
    - Customize PowerPoint, Visio versions
    - Workflows mapped in BPMN 2.0

    Questions?

    Call: 844-650-2888

    Email: info@opsdog.com

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