A Superior 401(k) and Payroll System
The Payroll Company has always offered a continuum of payroll and human resources (HR) services. Now, we offer a 401(k) option that integrates your payroll and 401(k) plan. It’s called The Payroll Company 401 (k). Read on for a few of the benefits we can offer your business.
TPC 401(k) Benefits to Employers
- Low to no out of pocket cost for the employer.
- No Hidden Fees. The costs are completely transparent to all participants.
- No Discrimination Testing Needed, No Excess Deferrals.
HR and Payroll Benefits to Employers
- Customer Service. Our team makes the transition from your current system (no matter if it’s home grown or outsourced) smooth. We have a 97% client retention rate and American Payroll Association certified staff.
- Online Payroll. Your payroll entry is online and easy to do from anywhere. The Payroll Company handles administration, including calculating and filing federal, state, and local withholding taxes.
- And more... We have HR tools to track and manage employee time and attendance. We also offer background searches, business verification, and a host of other services.
The Whole System Offers Efficiencies
TPC 401(k) is bundled with our payroll service, so there’s no need to fill out separate paperwork for each employee. It’s all handled electronically—automatically—saving you time otherwise spent administering the plan. TPC 401(k) saves you headaches from:
- Fiduciary Responsibility. The Payroll Company is the plan sponsor for the 401(k), shifting the vast majority of the fiduciary responsibility onto us.
- No Paperwork, Maintenance, or Annual Census Burden. The Payroll Company handles the file transmittals each pay period. We also handle contribution reporting, census reporting, and all day-to-day hassles.
- No Form 5500 to file. The Payroll Company files one form 5500 for the entire trust.
Want to Learn More?
We’d love to talk to you. Contact Erika Young at 608-826-1130 or erikay@payrollcompany.biz or toll free at 1-877-277-2926.
