As a part of your payroll system, we will work with you to manage your 401(k) program. We can help you establish a retirement plan for your employees, automate the contribution process, and manage the required recordkeeping. This provides your employees with the benefits they deserve while minimizing your responsibilities.
There are several types of retirement plans available, each with their own set of advantages and disadvantages. You may choose to offer one plan to your employees or allow them to choose an option that works for their goals.
At XCell Payroll, we can help you implement and manage the following types of plans.
In order to offer a retirement plan to your employees, you must track important information including eligibility, enrollment dates, and much more. This task is not only complex but also time-consuming. When you combine payroll and 401(k) administration, this information is easy to access.
Both payroll services and 401(k) administration require access to important personal data. When you work with a trusted company to offer your employees with these services, you provide them with peace of mind in knowing that their sensitive information is safe.
Just like anything else, when you combine services you are awarded significant time and money savings. Allowing the experts at XCell Payroll to handle your payroll and 401(k) administration services provides you with more time to focus on the tasks you enjoy.
There is a great benefit to establishing a 401(k) administration plan with a company that already knows the needs of your business. We work to create a streamlined plan that includes both payroll services and retirement plan administration. This eliminates the need to hire and communicate with multiple companies. Our goal is to make business management simple and enjoyable.
Although usually seen through the lens of how they benefit your employees, employee benefits can actually benefit your business as well! Providing benefits such as retirement plans, healthcare benefits, and vacation time can quickly set your company apart from others in the industry.
Because business owners are not required by law to provide retirement benefits, many do not. This is one easy way to generate interest in your company and create long-lasting relationships with the top talent in your industry.
Implementing an affordable, trustworthy 401(k) administration plan not only allows your employees to save for their futures. But it allows you to do the same! When combined with your payroll system, 401(k) administration requires minimal effort on your part. However, both you and your employees will be able to reap the benefits of this decision for years to come.
XCell Payroll is dedicated to helping small business owners like you provide their employees with the same benefits and services they would receive from larger corporations. As a small business ourselves, we are able to provide you with a customized payroll and retirement plan system that caters to your needs and desires.
We know each company has different needs and requirements when it comes to retirement planning. Our team of experts can provide you with insight and education into implementing a plan that is beneficial to both you and your employees.
Simplify your management tasks and eliminate frustrating obstacles by combining your payroll services and retirement plan management. XCell Payroll will manage these tasks, allowing you to manage your business. Contact our team today for more information regarding our 401(k) administration services!