401K Contribution Reporting Solutions

The 401k plan is a tax-qualified account indicated in the Internal Revenue Code under the section 401(k). This plan is also known as the retirement savings plan and it is funded by the employer by deducting money from the employee’s paycheck before any taxes are applied. The 401k plan was first introduced in the 1980s as a supplement to pensions. This plan offers you more control when investing and saving your money as an employee.

Benefits of 401K Contribution Reporting

TRAXPayroll can readily help you with the transmission of contributions to the 401k vendor in an electronic format. Here are some of the most important benefits you can get with seamless 401k contribution reporting:

How Should You Tackle the 401k Plan?

TRAXPayroll uses industry leading technology to assist you with your 401k plans. The following steps are essential in developing a suitable 401k plan for your business:

The TRAXPayroll Difference for 401K Contribution Reporting

To protect the interests of the participants and help you manage your company’s payroll easier, TRAXPayroll can assist you in establishing and operating a suitable 401k plan. We can also automate the transmissions of 401k contributions to save you much time and effort.

For more information about our 401k contribution reporting services, call us at 866-872-9123 today.

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