Many states are starting to implement State-sponsored retirement plans. State-sponsored retirement plans are typically ROTH IRA retirement plans (post-tax). You will not find an option for ROTH IRA in...
Many companies that offer retirement plans to their employees also offer some kind of company matching. They may match dollar for dollar, 50 cents on the dollar or some other percentage of a dollar. A...
New deductions must be added at the Company level first before you will be able to set up the deduction at the employee level. Adding a Deduction to Your Company Once you’re logged into your payroll...
Employer Match Rate This is the amount of the employees’ contribution that the employer matches. This amount is typically expressed as a percentage or in terms of “cents on the dollar”. The employer's...
Company contributions are made to eligible employees whether or not they themselves contribute to the plan. If you choose to have all active employees eligible, then all active employees will receive ...
Under the EGTRRA Act of 2001, employees who are eligible to make elective salary deferrals to defined contribution plans and who would be at least 50 years old by the end of the plan year can defer an...