This article explains how PEO clients can elect to offer 401(k) through Deel PEO to their PEO employees.

Deel PEO provides 401(k) through our partner Slavic401k. 

In this article:

• Electing to Offer 401(k)
• Changing Your Deductions

Electing to Offer 401(k)

Clients can begin to offer 401(k) to their employees through Deel PEO at any point in time. Deel PEO only provides 401(k) through our partner Slavic401k, and as such you should determine if you would like to provide 401(k) through our partner before starting this process.

If you have decided you want to begin offering 401(k) to your employees through Deel PEO, please contact Deel support and we will connect you to our implementation specialist. Once you have successfully elected 401(k) through Deel PEO, you will be able to view and manage this through the Slavic401k portal by using the following links:

• Employers
• Sponsors

If you do not want to offer 401(k) through Slavic401k, Deel can take on 401(k) deductions in payroll, but you must handle the administration.

Changing Your Deductions

The process of changing your deductions will vary slightly depending on if you offer 401(k) through Deel PEO directly; or if you are not offering 401(k) via Deel PEO but Deel makes the payroll deductions for you.

If you are offering 401(k) through Deel PEO

You can change your deductions at any time, but you must make the request 8 business days before payroll for the change to be reflected in the next payroll cycle. 

How to request a change

1. Make a request through Deel support to change 401(k) deductions for an employee
2. The Deel team will either
   1. Instruct you to make this change on the Slavic401k portal 
   2. Instruct you that Deel has made the change and that you can verify this by downloading the change report on the Slavic401k portal
3. The employee must then log into the Slavic401k portal and process the change

If you are not offering 401(k) through Deel PEO but Deel is making deductions in payroll for you

You must make the request 8 business days before the pay date for the change to be reflected in the next payroll cycle.

To request a change

1. Make a request through Deel support to change 401(k) deductions for an employee
2. The Deel team will instruct the you that the employee must fill in the following:
   1. Webform
   2. Recurring Deduction Upload Form
   3. 401(k) Deduction & Contribution
3. The employee submits the above requirements to your chosen provider.