Retirement Services
Outsourced Employee Retirement Support
A retirement plan is a must-have benefit. Research shows 58% of employees struggle to focus because of financial stress, so if you’re not lending support, you could literally lose money to reduced productivity.
We can help. With years of Payroll experience and close collaborations with retirement experts, we take the heavy lifting out of this critical employee benefit.
AJ is efficient, kind, detail oriented. We’re so pleased. Since collaborating with you we’ve had so much less stress with everything payroll. Thank you!
Retirement Planning Support
We provide a wide variety of retirement plans designed to meet the unique needs of your organization and employees. Those plans include—and extend beyond:
IRA
Individual Retirement Account, which comes in four varieties:
- Traditional IRA
- Roth IRA
- Simplified Employee Pension (SEP) IRA
- Savings Incentive Match Plan for Employees (SIMPLE) IRA.
401(k)
A tax-advantaged retirement plan commonly provided by employers.
403B(b)
Used in public schools and certain 501(c)(3) tax-exempt organizations.
Build A Better Retirement Package
Our retirement planning support lends guidance in three key areas:
Taxes
Your retirement plan offering determines whether employees pay taxes on their plan now or in the future.
Investment Strategy
Age, risk tolerance, and goals all influence how each individual employee should invest their retirement savings—and our experts can provide guidance.
Income Planning
A good retirement plan helps employees figure out exactly how much they need—and where that money will come from once they’re done working.
Case Study
Seamless Plan Transition Provides Greater Benefits and Flexibility
The Problem:
A small transportation company provided a SIMPLE IRA for its employees. As the employer maxed out its contributions during excellent company growth, leadership realized they needed a better plan for their employees.
The Solution:
We worked with their broker of record to transition the plan from a SIMPLE IRA to a 401(k) plan that offers traditional IRAs and Roth IRAs while also allowing the owners to contribute more than they could with a SIMPLE IRA.
In addition, we assisted in the transition by speaking with company employees to ensure all parties understood what would change and how it would benefit them.
Payoff:
The company now has a more robust and flexible retirement plan. Plus, they can continue to rely on our expertise to ensure they benefit as much as possible.
Transform Your Payroll Today