401(k) Plans - Tax Saving Tool
A 401(k) plan is a beneficial tax saving vehicle for your employees and a sound tax-saving tool for your business. It is a way for employees to establish a retirement plan and your business to reduce the amount of taxes paid on wages. However, many plans are difficult to manage and offer limited investment choices. That is why PayrollonaBudget.com developed the EasyChoice 401(k) product.
What Is Unique About EasyChoice 401(k)?
Three features separate this plan from other 401(k) options:
- Ease of Use – We integrate with your current payroll service and provide ongoing management of retirement plans.
- Affordable Options – It’s designed specifically for small businesses and provides services at a value not found through our competitors.
- Personalized Account Management – We partner with each participant to make sure they understand and effectively plan and reach their retirement goals.
Because we don’t have any proprietary funds, our investment selections are in the best interest of you and your employees.
What Are the Benefits to Employers?
As an employer and small business owner, you will benefit in several ways.
- It will coordinate with any payroll service
- Your time investment is minimized because we select and monitor the investments for you.
- Fees and expenses are lower than other plans.
- It is a tax-saving tool.
The EasyChoice 401(k) product has resulted in more employees participating and contributing more towards retirement.
What Are the Benefits to Employees?
Employees receive reputable savings advice and assistance in planning through a variety of avenues.
- An individual saving tool and investment plan is created specifically for each participant and updated quarterly.
- We will recommend a savings amount and select appropriate investments based on their stated retirement goals.
- Employees have unlimited telephone access to an investment advisor.
- Employees can monitor and review their plans through a dedicated Web site.
The EasyChoice 401(k) product gives your employees an opportunity to save for retirement while the employer receives significant tax savings without taking time away from growing the business.