Employee Retirement Plans – Importance of Timely Deposits
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.
