Common remittance is an additional service which allows you to remit all Plan contributions in a single payment to AFPlanServ®.
Upon receipt, we will:
What are the benefits?
Simplify your payroll process at no additional charge to you. You can submit one data file and one payment for all approved providers. This service allows the employer to remit all Plan contributions to one location. We will separate the contributions among the providers for your Plan based on the instructions you provide in secure, electronic data files.
When processing Plan contributions from payroll, deductions must be in accordance with approved salary reduction agreements. All contributions must be forwarded to providers in a timely manner.
AFPlanServ® may work with you on two different service levels, an open architecture or common remitter process. An open architecture system allows you to continue existing payroll processes with minimal disruptions, allowing employers to continue dealing directly with their approved providers.
Administered and Marketed by American Fidelity Assurance Company, dba AFPlanServ®