Simple IRA & Paryoll Deducted IRA
Several states have recently mandated that small business owners must provide retirement plans to their employees. (Many other states are expected to follow). Generally, businesses in these states can adopt their state plan or they may adopt an alternative workplace arrangement. Many small business owners do not know that they have the option to choose an alternative benefit plan that may better suit their needs.
An Alternative to Costly 401k Plans for Small Employers
For many small businesses setting up and managing a traditional 401k plan can be expensive and expose managers to fiduciary liability.
We have programs that can help you set up payroll deducted IRA accounts for your employees which can allow your business to comply with state mandates, while allowing employees to keep control of their finances without the expense and liability of administering your own 401k plan.