SentricsVault
Workplace savings with optional employer match, deducted automatically through payroll.
Overview
SentricsVault is a workplace savings feature that lets employees set aside money each pay period — optionally with an employer match — deducted automatically through payroll. It helps staff build savings while giving employers a retention and wellness benefit.
SentricsVault is managed under Financial Wellness → SentricsVault.
How Contributions Work
- An employee (or admin on their behalf) sets a monthly contribution amount.
- Each payroll run automatically deducts the contribution from net pay and records it to the employee’s vault balance.
- If an employer match is configured, the matching amount is added and tracked separately.
- If net pay is insufficient in a given period, the contribution is reduced to what is affordable and the shortfall is recorded.
Administering the Vault
- View balances, contributions, and employer-match totals per employee.
- Set or adjust the employer-match policy.
- Export vault statements for reconciliation.
Vault deductions are applied during payroll after statutory deductions; a contribution never takes an employee below zero net pay.