Advantages of Payroll Deduction Arrangement
Your Advantages
You benefit because a payroll deduction program:
- 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 program allows them to:
- Pay themselves first.
- Save through payroll deduction.
