Easily track and report compensation associated with 401(k), 403(b), 408(p), 408(k), and other similar accounts.
Deferred compensation is a portion of an employee’s compensation that is set aside to be paid on a later date. Oftentimes, the taxes on deferred compensation are also deferred until it is paid to the employee. Examples of deferred compensation include:
A deferred compensation plan is an appealing option to employees who want to maximize the potential tax benefits that come along with this option. There are two main categories of deferred compensation, which are qualified and non-qualified.
Hear from some of our valued clients about
the service and support they receive from Payroll People.
Through the COVID-19 pandemic, our company received the support and resources we needed to move forward, even during a difficult time. We knew what reports to pull and how to get the information required to file for a PPP loan and meet all the requirements associated with it.
Fresno, CA
The system they provide is easy to navigate and user-friendly. The service provided is even better, and we can always get answers to our questions or help with issues we encounter.
Las Vegas, NV
We’re always kept up to date on changes being made in the system and any shifts in state or federal requirements that impact our payroll. The reporting tools in the system also make it easier to pull reports.
Fresno, CA
The HCM platform makes deductions and payroll really easy. It’s an all-in-one system, so I don’t have to enter data more than once, which saves a lot of time.
Bakersfield, CA
I have worked with Payroll People for almost 30 of the 40 years they have been in business, and I wouldn't recommend anyone else! I appreciate all they do to serve their customers every day, and the people are fantastic.
Agricultural Company, CFO
Attract new hires and manage deferred compensation plans effectively. Contact us to learn more about this helpful tool within the platform.
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