Recent studies show that only about one-third of small businesses have a workplace retirement plan in place.

Unfortunately, many business owners fear that implementing and maintaining a plan is too expensive. However, empowering employees to save for their future is often a key component of the employee benefit plan package and helps differentiate your small business when competing for talent.

Not to mention, many states are moving forward with legislation that will mandate participation in a state-run program. Instead of defaulting with your state, learn about the custom retirement plan options available to your specific business, and seamlessly integrate it with your payroll process through Abacus Payroll.

Retirement Plan 360 Integration

Already have a workplace retirement plan in place? Ideally your payroll system should connect directly to your provider to save time, reduce human error, and be as accurate as possible with reporting employees’ contributions. Abacus Payroll’s 401(k) 360-integration service is compatible with 80 different financial services companies.

  • Eliminate Dual Entry: Save time and eliminate having to manually send employee change requests to your payroll specialist.
  • Streamline Enrollment: Your employees’ enrollment information is automatically transferred to payroll. No manual entry!
  • Stay Compliant: Our integration service helps you remain compliant by meeting and improving 401(k) plan transaction time.

Retirement and Pension Plan Set Up

As a division of the Alloy Silverstein Group, Abacus Payroll, Inc. can introduce you to the financial planning professionals at Alloy Silverstein Financial Services, Inc.

Together your Payroll Specialist and the Financial Services team can identify your savings goals and effortlessly set up insurance services, retirement, and pension plans for your organization, without involving a third-party. Just like Abacus Payroll, Alloy Silverstein Financial Services does not abide by “cookie cutter” plans and will work with you one-on-one to personalize a plan that best fits the need of your individual small business.

Common retirement plans for businesses and business owners include:

  • 401(k) or 403(b) Plans
  • IRAs
  • Simplified Employee Pension Plan (SEP)
  • Savings Incentive Match Plan for Employers (SIMPLE)
  • Individual 401(k) Plans

401K Contribution Calculator

Check out our complimentary 401K calculator to see how increasing your contributions to a workplace retirement plan can affect your paycheck and your retirement savings.

Under the umbrella of The Alloy Silverstein Group, you can be provided with the necessary resources to help your employees get closer to reaching their retirement and financial planning goals.

Securities offered through Avantax Investment ServicesSM, Member FINRA, SIPC.
Investment advisory services offered through Avantax Advisory ServicesSM.
Insurance services offered through an Avantax affiliated insurance agency.

Easier, Friendlier Payroll Is In Your Reach

Small businesses are a big deal to us. Eliminate the hassle of over complicated payroll and HR processes by partnering with a local and responsive provider.

Focus on your business and leave the payroll and tax to us. Count on Abacus Payroll.