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Offering A 401K Fund To Employees

stand alone tpa

401Ks Aren't Just For Big Companies Many small business owners assume that offering 401K plans is something only big companies can afford. However, offering your employees a retirement savings plan can yield some impressive incentives for you as well. Launching this type of savings plan offers your small business significant benefits that should not be ignored. Why You Should Consider This Type Of Employee Retirement Savings Plan Having a 401K plan means that you get to participate. You can enroll in the plan and contribute to your fund throughout the year. Everything that you put into your account is deductible from your employer income. Additionally, you are not taxed on employee contri

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Partner With 401K Management Companies

401K Management Companies: Offering Strategic Benefits To Your Small Business Many small business owners assume that partnering with 401K management companies just won't work for their business model. They believe that due to their smaller size they simply can't absorb whatever costs and investment comes with a 401K plan. Many also think that their employees won't expect or even value having this type of retirement plan offered at their organization. They feel that they should try to reward and motivate their smaller staff with other benefits instead. Know The Advantages Offered When Investing In Your Employees Do you currently believe that the risks outweigh potential rewards at your

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Choose Experienced 401K Management Companies

What Makes A Good 401K Management Company 401K management companies can make a major impact on businesses of every size, and in any industry. Many workers rely on this important program alone to financially prepare them for when they decide to leave the workforce. However, not all 401K firms are alike; arbitrarily choosing a firm to entrust with your employees' retirement funds can have a negative impact on the entire savings experience. In order to maximize the advantages offered by 401K management companies, finding a quality, high-performing partner is a must. 401K Management Companies: Know The Good…And The Bad Even the most motivated entrepreneur quickly realizes that finding a soli

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401(k) Basics

A retirement plan shows that you are invested in the futures of your employees and gives employees the opportunity to plan ahead and care for their financial futures. The 401(k) is a type of retirement account, aptly named after its section description in the IRS tax code (26 U.S. Code § 401(k)). This code section allows you to provide employees with an option to receive their earnings in cash or in a deferred compensation structure. Plan Options There are two main ways that employees can contribute to a 401(k) plan: they can do so on a pretax basis, meaning that their deferrals will come out of their checks prior to any applicable taxes being taken out, or they can do so on a post-tax bas

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Using 401k Management Companies

Why 401k Management Companies Are A Great Corporate Partnership As a business owner, sifting through 401k management companies is often something that falls on the "someday" list of things to do. It seems like there is always some other pressing task to manage, or some other responsibility that warrants your immediate attention. Finding the right 401k management companies to entrust with your future and your employees futures can simply fall through the cracks as you tend to the many other responsibilities you have as a corporate leader. If partnering with qualified 401k management companies is officially relegated to the "someday" pile, read on! Knowing some of the many benefits that 401k

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Working With Professional 401K Providers

The Importance Of Working With Qualified 401K Providers To Invest In Your Future As one of the area's 401K providers, The Payroll Company understands that our clients often have many questions about this type of investment plan. Many of our partners, during our initial consultation, don't know the various components of this type of retirement savings plan, or how it stands apart from other investment options. If you're not certain that a 401K plan makes sense for you, read on; knowing the details and benefits of this type of investment plan can help you have a productive session when you meet with your company's 401K providers. A 401K savings plan offers a distinctive range of benefits, su

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Benefits Of Using 401K Providers Over Simple IRA

Make Your Money Work For You: Know The Benefits Of Moving From A Simple IRA To A 401K Changing jobs often means changing where you keep your retirement funds. This is not news; retirement fund contributors the world over have experienced the 401K "rollover" where they stop contributing to their former employer's 401K provider's plan and deposit it to another account, such as a simple IRA. However, many employees do not realize that once they begin working at their new place of employment they can actually move their simple IRA funds into their new organization's 401K provider's plan. Coined the "reverse rollover," this allowable, but often overlooked, process can yield significant return

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401k Providers Help Maximize Your Contributions

401k Providers Can Help You Maximize Your Contributions Here at The Payroll Company, as one of the area’s leading 401k providers, we are constantly working with our clients to ensure that they get the most of out of their specific 401k plans. We partner with our clients to learn exactly what their specific plans offer. From there, we can create a customized strategy to maximize contributions and tap into the many advantages offered by this type of saving solution. Annual IRS Limits: Know What You Can Expect In 2016 We discuss at length the annual IRS limits that contributors will deal with in any given year. First and foremost, in 2016, contributors to 401k plans can defer up to $18,000

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Selecting 401K Providers With TPA Services

Utilizing Stand Alone TPA Services Through 401k Providers Selecting 401K providers for your emerging organization warrants careful consideration. With so many 401K providers claiming to be industry specialists and experts, you can quickly start to feel that they are all alike. Not true. Most vendors will offer a similar set of core capabilities. However, a few discerning vendors will up their game to ensure you and your employees receive comprehensive service and support throughout your professional partnership. One key feature to consider when searching through prospective partners is a 401K provider that also offer TPA services. Know The Benefits Of TPA Services Through Your 401K Vendor In

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Working With 401K Management Companies

Important Ways 401K Management Companies Take The Guesswork Out Of Your Retirement Plans Are you currently utilizing internal resources to manage your company's 401K and retirement plans? You (and your employees) may be missing out on a host of critical benefits. No matter what the size of your organization, partnering with professional and qualified 401K management companies to create your business' specific retirement benefits and policies can yield an extensive range of distinctive advantages that should not be ignored. Working with leading 401K management companies can offer your business the following advantages: More time for core responsibilities: First and foremost, partnering with 4

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