Why Investment Choices In Your 401(k) Might Change

As employers seek to cut costs, retail mutual funds are being replaced by lower cost options. Read More

Why Nearly Half of Americans Pay No Federal Income Tax

The income tax has long used itemized deductions to encourage activities such as homeownership and charitable  giving. For more than three decades, the earned  income tax credit has supplemented the wages of low earning workers… Read More

Most U.S. Companies Planning to Apply for Temporary Federal Reinsurance Program

Companies Offering Pre-65 Retiree Medical Benefits Intend to Pursue Reimbursement but are Unsure How They Will Use Proceeds. Read More

Raises Creep Back Onto Salary Scene

In another sign that the economy may be improving faster than some CEOs expected, companies in recent weeks have started to get more aggressive about spending money to retain employees.  Read more

How Much Does An Employee Cost?

This is another in a series of columns on “how much things cost.” This time, some metrics on the cost of employees. Read More

IRS answers APA’s questions about HIRE Act

Many clarifications about The HIRE Act were provided in the conference call between the IRS and the American Payroll Association May 6th…Read More

Attention Employers: Implementing Salary Reductions? First, Think it Through

Most employees understand times are tough for businesses right now.
As nearly everyone struggles to make their way through this challenging recession, U.S. employers are also struggling to look and plan ahead. When some employees hear that pay raises are off the table this year—effectively freezing employee pay—most are not surprised by the news. Given these dire times, some of us are not surprised by hearing talk of salary or pay reductions.  Read more

States scramble for tax revenue wherever they can find it

Court case could create an upside to severance payments

Severance pay has become an unfortunate fact of life for many companies and employees. But based on a recent court case, there may be some good news for both. Read More

High 401(k) plan fees continue to deplete retirement savings balances

If you have a 401(k) plan and it is not the Payroll Solutions (Slavic) 401(k) Plan, you’re paying way too much in fees. Don’t take our word for it; let us prove it to you by showing you what you are currently paying in fees versus what is available to you. Even a small 50 basis point difference in fees can mean 25% more in total balance for a participant over a 20 year accumulation period. If you always wanted a 401(k) but thought it was too expensive or you didn’t qualify, you are wrong. With no set up fees and compete transparency, the Payroll Solutions 401(k) option is a desirable option for any employer big or small. See how other plans take your money. Read More