A major advantage of allowing Total HR Management to become your co-employment partner is the ability to offer high quality 401K plans to your employees. Through research and experience, we have learned that a 401K plan remains an important part of any employer’s benefit package — 81 percent of employers surveyed believe their 401K is an effective recruiting tool. In addition, 75 percent of employers consider their plans to be helpful in retaining employees.

If you have had 401K plans in the past or have looked into them, you know that the record keeping fees alone can cost $1500 per year or more. Such costs do not include the additional necessity of paying for discrimination testing and 5500 filings. As an individual employer in such a challenging economic climate, providing a 401K plan seems virtually impossible.

Total HR Management’s Multi-Employer 401 K plans are designed specifically to provide tailored and affordable access to retirement benefits for your employees. As a Total HR client, you can adopt your very own customized 401K plan from Transamerica at no charge with no annual fees. This plan remains yours and is completely portable should you decide to change plans at some point in the future. You can choose to make matching contributions or have it be completely funded by employee contributions. We are proud to offer these cost saving and cutting edge small business 401K plans to our client companies. We are invested in your short-term profitability and long-term success and are proud to offer these cost saving and cutting edge small business 401K plans to our client companies.

At Total HR, we know that providing a quality 401K plan will lead directly to the recruitment and retention of your top employees. By helping you do more with less and delivering quality benefit programs, we foster a work environment that attracts success. .

If you would like to learn more about our Multi-Employer 401K plans or our Professional Employer Services please contact us today. .