What does first payday with contributions mean?

After your first payday with contributions, your employees should see any applicable 401(k) deductions withheld from their paychecks. This milestone marks your first payday with an active Guideline 401(k). It may take up to 5-7 days after your scheduled pay date for employee and employer contributions to be collected from your company bank account via ACH and allocated to participant accounts.

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