Your small-business clients have a wide range of employer-sponsored retirement plans they can offer their employees, including 401(k), SEP, SIMPLE IRA and profit-sharing plans. With such a wide array of options to choose from, don't be surprised if some of your clients come to you seeking advice and guidance. With the Paychex Partner Program, you can help your clients select an affordable, simple, easy-to-administer 401(k) retirement plan.
|"I have a small business; I can't afford a 401(k)."||FACT: Paychex has affordable 401(k) plans to fit firms of any size.|
|"401(k) plans are too complicated to set up and the administrative duties are prohibitive."||FACT: Paychex manages the paperwork, recordkeeping and administrative duties. So your clients are free to focus on what really needs attention: their business.|
|"There's not enough value in a 401(k)."||FACT: A 401(k) plan is an effective way to save for retirement and a powerful tool to attract and retain good employees.|
|"With the state of the economy, my employees are not in a position to save for retirement."||FACT: The sooner your clients' employees start saving for retirement the better. A 401(k) makes it easy to get started.|
** Small businesses establishing first-time retirement plans may be eligible to receive a tax credit of 50% for annual administrative costs, up to $500, in each of the first three years of the plan. Note: 100% of the employee salary deferrals are invested with 401(k) plans administered by Paychex. Information current at time of publication, January 2013.