WorkGroup Payroll
Payroll Services
WorkGroup Payroll is the affordable payroll service, generally 35% percent less expensive than the national competitors with the really big impersonal call centers that refer to you by number. (In some cases savings are higher depending how much your current provider is gouging you.) We believe you will leave your current provider because they charge too much, their system is outdated or their customer service is not up to your expectations. We offer a combination of incredible technology with caring and dedicated support staff at a really great price. You can rely on us to provide prompt and accurate payroll, no matter how large or small of a business you run. Spend far less time doing things that don’t make you money. Companies don’t buy wire and bend their own paperclips to save money. It wouldn’t work anyway, it is much easier paying far less money at your office supply store. Whatever method you use to pay your employees currently, we can do it for less money and offer you great service.
Our easy to use and secure online system provides you with a flexible and reliable resource for payroll data collection, review, reporting and printing. Our service is designed to accommodate all businesses, not by taking a one-size-fits-all approach, but by being highly customizable so we can tailor it to match the requirements of your business.
Our Mobile Apps provides employees with a convenient and secure way to access time and attendance or their pay statements.
Employees can access their pay statements from every pay period including earnings, deductions, taxes, direct deposit and paid time off right from their phone.
Employees can clock in and out from their smart phone allowing you to track their hours worked more accurately.
WorkGroup Payroll remains up-to-date on constantly changing payroll and unemployment taxes, meets strict government deadlines, and avoid costly fines and penalties that can be an administrative burden for a company of any size. We provide prompt, accurate tax filing and payment services from experienced professionals who know you and your business.
Reports can be generated and sent automatically on a custom frequency for the current pay date, month, quarter and year to date. For example, the system can automatically send a quarter to date payroll register on the last pay of the quarter. Not only can the entire payroll package be sent electronically, a single report can be sent electronically.
Restaurants have complicated rules and regulations governing regular wages, overtime wages and tips. Payroll can be a challenge for business owners trying to do it on their own or even for payroll software systems not equipped to do it correctly. WorkGroup Payroll eliminates restaurant payroll challenges such as risk of compliance penalties and costly overtime litigation because employees were not paid in accordance with federal and state law.
Employees can view important employee information online in real time. This allows your company to reduce the administrative burden, and decrease printed material and distribution costs, resulting in increased profitability.
Employees receive secure Internet access to a variety of tools that enable them to take control of their personal and financial matters.
Managers are frequently frustrated by the fact they are one step removed from information about their direct reports.
Manager Self Service gives you the information at your fingertips. You have the ability to more closely monitor and direct your team.
Using WorkGroup Payroll’s Time and Attendance products and services makes payroll easier on you.
No wasted time gathering time sheets, computing total hours and re-keying into the payroll system. It is all done automatically and accurately. Our time and attendance system makes it virtually impossible to submit inaccurate time data, eliminating the temptation for employees to steal time.
Employees are issued time cards, which allow them to clock in and out through an electronic time clock or they can simply log in to our secure web clock with a user name and password to clock in and out.
This system gives employees a simple way to clock while providing you an accurate account of the time worked.
It also allows you to view reports that can help you keep an eye on your staff’s efficiency.
IRA vs. 401(k)
The IRA might be the best plan. Many payroll companies try to sell the 401(k) because it pays them high commissions. We NEVER do that. In fact, depending on the size of the company, it might be cheaper to contribute as an employer to a Simple IRA for your employees instead of paying 401(k) set up, management and investment fees.
A SIMPLE IRA (Savings Incentive Match Plan for Employees) is a small-company version of a 401(k) plan and is subject to many of the same rules as traditional IRAs. This workplace retirement savings account allows eligible employees to invest a portion of their pretax salary into an individual account and receive mandatory employer contributions.
Small businesses — generally those with 100 or fewer employees — sometimes offer workers a SIMPLE IRA plan in lieu of a 401(k) because (as the acronym implies) it’s easier to set up and administer. If you work for yourself, you’re also allowed to contribute to a SIMPLE IRA.
What Is a SIMPLE IRA and how does it work?
A SIMPLE IRA (Savings Incentive Match Plan for Employees Individual Retirement Account) is a retirement plan for small businesses with fewer than 100 employees. SIMPLE IRAs are similar to traditional IRAs and easier to set up than 401(k)s, but employee contribution limits are lower, compared with 401(k)s.
SIMPLE IRA contribution limits for 2020 and 2021
Employee contribution limits for a SIMPLE IRA in 2020 and 2021 are $13,500 per year for those under age 50. People age 50 and older can make an additional $3,000 catch-up contribution.
Employer contributions are mandatory and can be made using one of two methods:
SIMPLE IRA rules
SIMPLE IRAs have many of the same investment, distribution and rollover rules as a traditional IRA. Contributions are tax-deferred, meaning the amount you save up to your contribution limit reduces your taxable income for the year, and investment growth is tax-deferred until you start taking distributions in retirement.
In other ways, SIMPLE IRAs are like 401(k) plans: Eligible employees indicate how much (if anything) of each paycheck they want to contribute to the account, and the money is automatically diverted into the worker’s individual investment account.
The main drawback for some businesses might be the fact that SIMPLE IRAs require mandatory employer contributions. Employees might like that employer match, but they may be less happy about the lower contribution limits, compared with 401(k)s, and the lack of a Roth version.
The mandatory employer contribution is what makes SIMPLE IRAs different from some other employer-sponsored retirement plans.
What are the benefits of a SIMPLE IRA?
Benefits for employers
For employers, SIMPLE IRAs have start-up and operating costs that are generally lower than setting up a 401(k) plan. Employers get a tax deduction for their contributions to employees’ accounts.
Drawbacks of SIMPLE IRA plans
Is a SIMPLE IRA right for me?
If you're a solo business owner or self-employed and your goal is to maximize your own retirement savings, there are other retirement savings plans that have higher contribution limits:
If you own a small business with employees, a SIMPLE IRA might be attractive if you want to offer your employees a retirement plan but would like to avoid the extra administrative costs that can come with a 401(k). Just keep in mind that some employees may still wish for a 401(k) because of its higher contribution limits.
Here's how to open a SIMPLE IRA
Opening a SIMPLE IRA is similar to opening a traditional IRA. However, if you're a business owner, there are additional reporting requirements and documents you must fill out to establish the plan.
We can help you pick and set up the right plan for your company.
Give yourself a retirement savings plan that lets you build for the future while helping your employees take the right financial steps. We offer competitively priced, quality 401(k) plans that can also help you retain employees and improve satisfaction.
A 401(k) plan is a simple and affordable way to build a retirement strategy by making regular contributions to a retirement program from each paycheck.
Lots of popular 401(k) options at affordable prices to help you and your employees save as much as possible.
Employees can contribute up to $19,500 to their 401(k) plan for 2020 and 2021. Anyone age 50 or over is eligible for an additional catch-up contribution of $6,500 in 2020 and 2021. Employers can contribute up to $57,000 (catch-up at $63,500) in 2020 and in 2021 that amount rises to $58,00 (or $64,500 with the catch-up contribution).
Employers can easily make contributions to employees’ 401(k) plans with a variety of simple options.
Our Human Resource Management Services allow you to track and report important information.
HR is an important function of your business. As an owner, you should be aware of changing state and federal laws and requirements. Failure to comply can become an expensive endeavor. Hiring a dedicated Human Resource Professional might be cost prohibitive, so let us help. Our Human Resource Support Center can help your business stay up to date and compliant. Our Human Resources Center offers online access to Employee Handbooks, Pre-written HR Forms and Letters, Job Descriptions and required HR forms.
Managing workers’ compensation premium payments is one of the many challenges small and midsize businesses face.
We can help you overcome this challenge. We have teamed with many insurance carriers to offer workers’ compensation premium-calculation and payment services to our payroll clients.
With this service, premiums for a workers’ compensation policy from one of our partners are calculated automatically and paid each payroll date. Because premiums are calculated based upon actual payroll, this automated payment service helps employers to manage their cash flow more effectively.
The use of our Workers’ Compensation Service helps you avoid the need for large up-front premium deposits (in many cases, NO deposit) and NO finance charges.
Our program helps to minimize unanticipated, large year-end audit adjustments due to inaccurate payroll projections. We work with the carrier to make the audit painless. In many cases, the audit is handled from our office!
This payroll card benefits Employers by providing them with a cost-saving solution that replaces payroll checks and other paper payment disbursements.
Improve business productivity, logistics and time management by converting all employees to direct deposit.
Employees still getting checks are usually charged a transaction fee to cash their check at a bank or check cashing store.
Your employees can take all their money after every payday for ZERO – FREE.
Health Insurance - Your Employees' well-being and Saving you money is our Business.
We offer individual health plans and group health plans for all companies from super small to big.
Our employee benefits team makes your employees our business. Backed by a dedicated local service team, utilize our knowledge and carrier relationships to find the most cost affective employee benefits program. This results in improving employee attraction and retention. Our thoughtful and customer-specific solutions give you peace of mind.
Investing in health and performance programs is becoming increasingly important to attract and retain top talent. Engaging employees to increase ownership in their own health and financial well-being empowers them to become a smarter consumer and a more active participant in creating positive results. With studies showing that employees who are actively involved in their healthcare experience have better outcomes, the return on investment for organizations is high.
We can help you with: