See The Diversified Difference!
We have aligned ourselves with partners to provide high quality low cost retirement plan solutions. With these products ANY BUSINESS can have a retirement plan.
Diversified Payroll is proud to offer our payroll clients a seamlessly integrated 401K solution.
Through Transamerica Retirement Services and Paragon Asset Management, we have established a multiple employer relationship so that you can provide your employees a pension benefit, without all of the work and cost associated with typical 401K plans.
Paragon Asset is the plan sponsor and the plan administrator, therefore;
- Paragon Asset is the fiduciary, not the client company.
- Paragon Asset holds the Fidelity bond, not the client company.
- Paragon Asset gets the pension audit, not the client company.
- Diversified Payroll does the employee enrollment, not your HR manager.
- 401K deductions are transferred to Transamerica on a weekly basis, not held until the end of the month!
Because this plan is only available to Diversified Payroll clients, the setup and administration fees are kept to a minimum. Annual contract asset charges decrease as the aggregate assets of the plan increase.
- All of our client companies benefit from increasing assets collectively.
- To access your Transamerica Retirement plan, click here
Ask us for more details on how this plan could benefit your business.