Advantages of a Payroll Deduction Program
Your Advantages
You benefit because a payroll deduction plan:
- Is inexpensive
- Is easy to administer - no IRS forms to complete or regulations to monitor
- Lets you offer the plan to anyone who earns a paycheck, regardless of your business arrangement or other benefit plans
Employee Advantages
Plan members benefit because a payroll deduction plan allows them to:
- Pay themselves first
- Save through payroll deduction
