Get quality savings solutions for you
and your employees
Give yourself a retirement savings plan that lets you build for the future while helping your employees take the right financial steps. Optima Payroll is here to help with 401(k) solutions built for you. A competitively priced, quality 401(k) plan can also help you retain employees and improve satisfaction. Set up a 401(k) with Optima Payroll today.
Optima Payroll’s 401(k) options offer:
- Competitive and transparent fees - prices built for a small business budget
- Abundant selection - 1,300 investment options at your fingertips
- Ease of use – one trusted source for retirement and payroll
- A plan for your retirement with contributions you can afford
Start saving with OptimaPay401k now. Contact a 401(k) specialist at 516-623-7700
All your 401k needs
A traditional 401(k) is an employer-sponsored plan that gives employees a choice of investment options. Employee contributions to a 401(k) plan and any earnings from the investments are tax-deferred. You pay the taxes on contributions and earnings when the savings are withdrawn.
- Tax credits and other incentives for starting a plan may reduce costs
- A good retirement plan can attract and retain better employees
- Assets in the plan grow tax-free
- Flexible plan options are available
- Employer contributions are tax-deductible
A Safe Harbor 401(k) plan is a type of 401(k) with an employer match that allows you to avoid most annual compliance tests. If a 401(k) includes a Safe Harbor provision, the employer makes annual contributions on behalf of employees, and those contributions are vested immediately.
- Automatically pass non-discrimination testing
- Automatically satisfy top-heavy testing
- Allow all employees to contribute the maximum amounts to their 401(k)
- The match is tax-deductible for the company
- For employees, it’s essentially a tax-free bonus
Solo(k) gives owner-only and family-only businesses the ability to make the maximum allowable contributions to a retirement plan while providing access to accumulated balances through a loan feature. Business owners and their spouses receive the same advantages of a Traditional 401(k) plan, including pre-tax and Roth contributions, as well as higher annual contribution limits than allowed in a SEP-IRA or SIMPLE plan.
- Unlimited investment options
- Hardship withdrawal choice
- Compliance-approved plan documents
- Power to amplify tax-deductible contributions
- Form 1099 Filing
Prefer speaking with a human to filling out a form? Call our corporate office and we will connect you with a team member
who can help.
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