Payright Payroll will assist you with establishing a turnkey “401(k)” or other
Qualified Retirement Plan designed specifically for your company. Together with
our Business Partners, we offer a complete program, including set up, administration,
investment selection and employee education.
Depending on the number of employees who work for your company, one of the
following Retirement Plans may meet your needs:
|
Total Employees |
Plan |
Options |
|
1 |
Solo
401(k) |
Salary Deferral and Profit Sharing
|
|
|
|
|
|
2-10 |
SIMPLE-IRA |
Company puts in 2% of payroll, or 3% match |
|
|
|
|
|
10+ |
401(k) |
401(k) Matching contributions or Safe Harbor plan |
Each of these plan designs allows your employees to have money deducted from
their paychecks and directly credited to their retirement account. For your
administrative ease, we will integrate the processing of your Retirement Plan
within our payroll service.
