Yes, you can provide a quality benefits plan that is easy to set up and maintain.
A Salary Allotment Plan (SAP) helps employees pay for life insurance and/or annuity products they’ve purchased from Modern Woodmen. They keep ownership of the plan. All you do is deduct the monthly premiums from their paychecks and remit one check for their premiums.
A Salary Allotment Plan is a flexible and easily administered plan you can use to help your employees protect their loved ones and save for their futures.
Plus, when your employees become Modern Woodmen members, they gain access to a variety of fraternal member benefits. This will further enhance your benefit package ... at no cost to you!
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A 401(k) plan is an employer-sponsored retirement plan that offers several income tax benefits for those looking to save for retirement.