Retirement plans « The Payroll Department

Archive for Retirement plans

What Can You Do for Employees and Their Retirement Dreams?

Posted by Elaine on April 11, 2017

Some people dream of their retirement days – what they are going to do, where they want to be, all sorts of ideas above and beyond resting are included in those plans. Other people feel they are never going to be able to afford to retire and don’t see any of those golden dreams when they shut their eyes at the end of a long work day. A lot of their beliefs can be shaped by retirement savings.
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Tags: automatic payroll deductions, employee benefits, outsourcing payroll, payroll deductions, retirement benefits, savings plans for employees, The Payroll Department

Posted in: Benefits and Health Care, Employee Benefits, Operating a Small Business, Payroll, Retirement plans

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Some States Try Auto-IRAs to Encourage Savings

Posted by Jessica on December 20, 2016

Experts have been sounding alarm bells for years about the number of individuals who are not saving enough for retirement. But many workers continue to put off preparing for the future. Now some states are taking matters into their own hands. Several states either have passed legislation or are considering legislation which would create a so-called “auto-IRA.” States are hoping that these mandatory IRAs will spur savings among employees. (more…)

Tags: auto-IRA, payroll deductions, payroll service, retirement savings, small business, small business payroll, Teresa Ray, The Payroll Department

Posted in: HR Rules, Regulations and Laws, Human Resources, Operating a Small Business, Retirement plans, Rules, Regulations and Laws

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Helping Your Employees Save for Retirement – Make it Easy

Posted by Jessica on July 14, 2015

Everyone knows the importance of saving for retirement. Everyone knows that saving money consistently and giving it time to grow is the best approach to ensuring adequate funds for the post-retirement years. Yes, we may all know that we should be saving for retirement, but that does not mean that we are doing it. The fact is that setting aside money for the future is difficult. (more…)

Tags: Brownsburg, employee retirement benefit, employees, employers, Indiana, payroll service, retirement plans, The Payroll Department

Posted in: Benefits and Health Care, Operating a Small Business, Payroll, Payroll Processing, Retirement plans

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Contributing to Your IRA – A Great Way to Plan for Your Future

Posted by Jessica on May 5, 2015

You’ve got a long list of things to do, taking care of your business, your home, your family, and if you’re lucky, you’ve got a little time left to take care of yourself. One of the best ways you can look out for your own future is to plan for your retirement, especially if you are a small business owner. (more…)

Tags: 401K, Brownsburg, employer retirement plans, IRA, retirement plans, The Payroll Department

Posted in: Payroll, Payroll Processing, Retirement plans

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Understanding Employer Contributions to 401(k) Plans

Posted by Elaine on October 8, 2013

As an added benefit, many small businesses choose to offer an employee retirement plan, such as a payroll deduction IRA, a SIMPLE (Savings Incentive Match for Employees) IRA or a traditional 401(k) plan to their employees. While there is no law requiring companies to contribute to the retirement plan (with the exception of Simple IRA and SEP IRA plans), many employers do choose to make contributions because it’s an effective tool for hiring and keeping top-quality employees. Also, businesses receive a tax benefit for contributing to employees’ 401(k) accounts.

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Tags: 401(k) retirement plan contributions, Brownsburg, employee retirement plan contributions, payroll provider, payroll service, small business payroll, small retirement plans, The Payroll Department

Posted in: Operating a Small Business, Payroll, Payroll Processing, Retirement plans

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Make Fall the Time for All Employees and Employers to Review Retirement Plan Funding

Posted by Elaine on October 1, 2013

For all entrepreneurs, employers and employees, it seems there are more responsibilities on their shoulders than ever before – and nothing feels simple. One of those responsibilities is retirement plans and funds. With the variety of options available, retirement issues are anything but simple – but oh, so very important. (more…)

Tags: employee retirement plan contributions, payroll service, retirement plan deposit requirements, retirement plans, small business payroll, The Payroll Department

Posted in: Operating a Small Business, Payroll, Payroll Processing, Retirement plans, Rules, Regulations and Laws

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Employee Retirement Plans – Importance of Timely Deposits

Posted by Ariane on August 27, 2013

Offering your employees a retirement plan, such as a payroll deduction IRA, a SIMPLE (Savings Incentive Match for Employees) IRA or a traditional 401(k) plan, can be a great employment benefit for your employees and your business. However, a retirement plan also requires certain responsibilities – including timely deposits of employee contributions. That is one reason entrepreneurs without a human resources department look to The Payroll Department to provide payroll services.

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Tags: employee retirement plan contributions, employer deposits, Indiana, payroll service, retirement plan deposit requirements, retirement plans, small business payroll, small retirement plans, The Payroll Department

Posted in: Operating a Small Business, Payroll, Payroll Processing, Retirement plans, Rules, Regulations and Laws

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