Payroll + Retirement = Savings
Integrating your retirement plan with our Online Payroll solution makes sense. Aside from lessening admin fees, we:
No Business Too Small for Retirement Planning
PrimePay's vast product offering customizes the plan to fit your needs. Whether it is a 401(k) plan or a simple IRA (which could cost as little as $25/month), we'll work together to create a comprehensive retirement solution.
Not to mention you'll have access to our license advisors, ready to answer your questions.
2020 Retirement Plan Contribution Limit
The contribution limit has increased from $19,000 to $19,500 for employees who participate in:
- Most 457 plans
- Federal government’s Thrift Savings plan
The limit on annual contributions to an IRA remains unchanged at $6,000. The last increase was in 2019 from $5,500 to the current $6,000.
Also increased for 2020: The income ranges for determining eligibility for making deductible contributions to traditional Individual Retirement Arrangements (IRAs), to contribute to Roth IRAs, and to claim the saver’s credit.
Great employees are hard to find – and to keep around. Our product line enables you to focus on developing your greatest asset and in turn, experience business growth.
We provide accurate payroll services, efficient time clock software, cost-effective benefit services, comprehensive HR solutions, thorough insurance and compliance, and convenient merchant service options.
By placing your trust in PrimePay’s solutions, you can experience more business efficiency. Those processes and goals that you never had time for can soon become your priority. And you can nurture your valued employees from hire to retire, proving that your business wouldn’t exist without them.
We believe in the power of small business.
Since 1986, PrimePay has been helping small businesses get time back in their day to focus on what matters most. This is possible through our payroll, HR, Time Clock and benefits admin services that help to ensure compliance and provide exceptional support during the employee lifecycle.
Our unique service model, single-source solutions, proprietary SSAE 18 Type II compliance solutions, and rigorous security practices help business owners maximize efficiency at every stage of business growth.
We provide a unique and exceptional experience to each of our clients thanks to our homegrown roots. From one employee to 100, our clients count on us to consistently do the right thing for their business, their staff, and their own peace of mind.