Introducing EZ IRA*
The easiest retirement solution ever, now offered in partnership with Legg Mason. Using simple, automatic payroll deductions, EZ IRA makes it possible for every business-no matter how big or small—to offer a retirement benefit that attracts and retains valued employees.
- No employer contributions required
- One time $100 annual fee-no per-employee charges
- No Department of Labor oversight or testing required
- No 5500 form filing requirements or fiduciary liability
- No participation requirements
- Access to financial advisors to assist with implementation
- Available to any size business
- Easy 3-step enrollment
- Automatic payroll deductions
- Choice of traditional or Roth IRA
- Dedicated retirement savings managed by Legg Mason
- 24/7 access to real-time account information
- Prior rollover plans accepted
- 100% employee-owned and portable
- Access to financial advisors to assist with investment selections
- Multiple investment options: open architecture, multi-fund family and private money management
How It Works
- Simply enroll your business in the Payce EZ IRA program—Payce does all the set up.
- Each eligible employee must complete the EZ IRA application and agreement.Employees can select how much they wish to deduct from their payroll,and whether they wish to set up a traditional or Roth IRA (based on eligibility and personal choice).
- Each payroll period, Payce will automatically withhold each employee's authorized payroll deduction and transmit the funds into the employee's IRA.
- Each employee is responsible for managing how his or her funds are invested/ allocated, and paying the small, annual maintenance and administrative fees.
- Simply enroll your business in the Payce EZ IRA program-Payce does all the set up.