Effortless Retirement Savings for Small Businesses: Simplify Employee Benefit Offerings with Payroll Deducted IRAs.
A Payroll Deducted IRA serves as a straightforward and manageable entry point for small businesses not yet prepared for a more complex retirement plan.
These IRAs allow employees to kickstart their retirement savings through simple payroll deductions, offering an easy-to-implement solution for employers.
This retirement plan is a suitable stepping stone for companies that want to offer a retirement benefit but aren’t ready to commit to a more complicated plan like a 401(k) or Simple IRA.
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Easy as 1,2,3.
Perfect as a place holder, the Payroll Deducted IRA will give your employees the feel of a larger plan with payroll deduction, but without the administration and matching requirements.
For small businesses looking for an uncomplicated way to offer retirement benefits to employees, a Payroll Deducted IRA is an ideal choice. It provides a low-cost, hassle-free solution that’s simple to implement.
Benefits to Employers:
Businesses that are not yet prepared for the administrative complexities of higher-level retirement plans like 401(k)s or Simple IRAs can benefit from offering Payroll Deducted IRAs. It’s a simple, cost-effective way to introduce retirement benefits to employees.
Benefits to Employers:
For startups and newly established businesses looking for a cost-effective way to provide retirement benefits to their workforce, a Payroll Deducted IRA can be a wise choice. It allows these businesses to establish a financial wellness culture from the beginning.
Benefits to Employers:
Consider exploring alternative plan options that could also suit your needs, in addition to the Payroll Deducted IRA.
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Select from pre-approved matching and vesting schedules to simplify compliance requirements.
Tailor your matching and vesting schedules to align with your budget and safeguard your cash flow.
Opt for a hassle-free plan that minimizes administration, ideal for small businesses looking for simplicity and ease.
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