The ADP Simple IRA Offer Ease And Peace Of Mind For Your Retirement PlanOffering retirement products for your employees is easy with the ADP Simple IRA retirement plans. ADP prides itself in providing world-class recordkeeping and retirement services for all companies. Particularly companies with less than 100 employees, the ADP Simple IRA is easy to manage with a minimal amount of paperwork. Also, the ADP Simple IRA is an inexpensive option for helping your employees secure their future and retirement years. How the ADP Simple IRA Benefits Your Small Business ADP has the latest technology features and experienced professionals which provide the best service tailored to your small business needs. You can maximize your business tax savings with the ADP Simple IRA plan that is managed by ADP. You can offer attractive benefits that will help to retain the top talent in your workforce, while you focus on the internal growth of your business. By deciding to use ADP for your retirement plans, your small business has full access to the same amount of products and services that are available to large companies. As a result, your business will incur low administration and costs to your business by using the services at ADP. Payments for the retirement plans can integrate seamlessly with the high quality payroll services that ADP is known for. The ADP Simple IRA Plan Once you have established a new ADP Simple IRA plan, your business will receive up to $1,500 in tax credits over a three year period related to the administrative expenses associated with a new plan. Offering the ADP Simple IRA plan to employees gives them an easy way to begin their retirement savings by making tax-deferred payments of up to $26,000. This includes the amount that your company contributes on their behalf. Each plan participant will also have access to the wide range of investment options that are offered through Fidelity Investments, ADP's alliance partner. You and your employees will receive ongoing quality service with ADP's 24/7 voice response system. ADP can set up automated payments for both the employee deferral payments and employer matching contributions. Your company can have peace of mind, knowing that you will not face fiduciary risk because ADP's professional management of the administrative details of your plan is just as if you were handling it yourself. The online access tool keeps you and your employees just a few clicks away from plan balances, fund performance information, participant statements and customized reports such as contribution rates and investment elections. |