Often, sponsors are the only ones who know how their payroll is setup. Finch provides the tooling to easily fetch this information to standardize ongoing pay syncs into the retirement system.
Step 1: Generate and send a link
The Finch Dashboard contains information for each sponsor connection. Navigate to the Connections page and select a sponsor for details on the connection.
Navigate to the Actions menu and select Send a Payroll Mapping Link.
Input the email address for the employee that can do the labeling on behalf of the employer. Click Send Link. Finch will send an email immediately.
Step 2: Navigate to the Form (Sponsor)
The employee will receive an email from no-reply@tryfinch.com with a PIN and a link to access the form.
Click on the link to open the form in the browser.
To access the form, input the PIN from the email and click Unlock.
Step 3: Complete Payroll Mapping (Sponsor)
The form contains all the distinct pay statement items present in pay runs across all employees since the beginning of the year (ex. January 1st, 2024). You will see that each item has been categorized by Finch into Earnings, Deductions, and Contributions.
On the left, you will see a list of standard Labels associated to each of the categories. On the right under Payroll Items dropdown, each pay statement item will be shown exactly as it appears in the payroll system. You will need to select the relevant item(s) for the relevant Labels as required by that plan.
Note that Finch will apply default rules to perform this mapping so you don't need to start from scratch.
Once mapped, confirm the changes.