Voya 401K New hire and Termed process
To enter a new hire do the following:
(All information shown is an example and not a real employee)
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On the main page of Voya click processing center -> Contribution submission
Click Voya PayCloud:
It will pull up this page and you will want to click Add/Enroll participant
Fill out employee information you can get this information from their employee page in NetSuite (Make sure date of hire is correct) click continue
Fill out the next page, Payroll frequency will always be Bi-weekly. Click Continue
Verify all information is entered correctly and click submit
Done!
To Term an employee do the following:
On the main page of Voya click processing center -> Contribution submission
Click Voya PayCloud:
It will pull up this page and you will want to participant update:
You will search the employee by last name or last 4 of SSN once you search up the employee open their participant page.
Fill out Termination date and Termination reason. If the employee termed is involuntary put "with cause". If the employee termed is Voluntary put "Voluntary termination" click continue:
Enter termination date again and click continue
Verify the information is correct on the next page and click submit. Done!