Accelerated Payroll – Banking Holiday & PlanSource Closure
Christmas (Observed): Friday, December 24, 2021
The next Federal Banking Holiday is Christmas (observed), Friday, December 24th, 2021.
Please note the PlanSource HCM offices will be CLOSED Christmas Eve Day.
Payroll Deadline Changes
All payrolls MUST be completed by 12 Noon EST two (2) BUSINESS days prior to your pay date. This will ensure that invoices are generated, payroll is funded and checks and direct deposit files are released for timely receipt on pay day. Winter weather and an increase in package shipments during the Christmas season can cause check delivery delays.
Any payrolls dated 12/24/2021 must be updated to a banking business day. Please reach out to the service team for assistance or questions.
If your payroll is not closed by the above deadline (2 business days prior to pay date) the following processes will be impacted:
- Payroll invoice amounts must be WIRED
- Tax payments cannot be guaranteed processed on-time
- Pay checks cannot be guaranteed delivered on-time
- Direct Deposits cannot be guaranteed transmitted on-time
We will not be able to track delayed packages, fund emergency tax payments or troubleshoot additional errors resulting from a late payroll closure during the holiday.
If you have ANY questions about how the holiday will affect your payroll schedule, please contact the HCM Service Team at 407-447-3837 or via email: hcmservice@plansource.com
