Employers Pro Advantage :: More Then Just Payroll

Human Resources | Payroll | Benefits | Health Insurance and Management

More Than Just a Payroll Company…a Business Incentive.

As a business owner or manager, you want to retain and attract high-quality employees. But reality dictates that small firms can't always offer the perks that larger firms have at their disposal. One area where smaller businesses can find it easier to compete with larger businesses, however, is 401(k) plans. Business owners providing 401(k)’s have a greater incentive for attracting and retaining top employees. Take advantage of the 401(k) service offered by Employers Pro Advantage at no additional administrative charge.

Why 401k plans?

Let's face it: Americans can no longer rely on the prospect of retiring on Social Security. As a result, more and more of them are turning to 401(k) plans.

So if you want to stay competitive in retaining and attracting talented employees, take advantage of a Employers Pro Advantages 401(k) plan as part of your employee benefits package.

How a 401(k) Safe Harbor Plan Benefits Your Business and Your Employees

Business Advantages

Employer contributions are tax deductible as a business expense -- up to 25% of compensation of all participants.

Helps keep and recruit quality employees.

The base formula is 100% of elective deferrals up to 3% of compensation and then 50% of elective deferrals on the next 2% of compensation.

Employer contributions and immediate vesting encourage employee participation and may discourage employee turnover.

Helps members build retirement security.

Employee Advantages

Save through easy payroll deduction.

Able to choose and change the amount they want to save to meet current needs.

Reduce their taxable income.

Quality investment options

Feel secure they own 100% of their own contributions.

Tax-deferred growth-- any investment earnings grow tax-deferred until withdrawn.

User-friendly website and toll free support line.

Professional financial consultation with representative.

Administrative Advantage to your Business at no Additional Charge

Seamless integration of 401(k) recordkeeping with payroll.

Leading investment providers with a diverse selection of money market, bond, and stock funds.

Required documentation, preparation of annual Form 5500, and processing of Forms 1099-R and 945.

Handle deductions from employee paychecks

Transfer Allocations and Contributions.

Quarterly management reports and participant statements.

User-friendly website and toll free support line.

Professional financial consultation with representative.