401(k) deferred compensation plans are among the most popular employee benefits offered in today's business environment. Whether you are planning to establish a plan or have an existing one in place, Priority Pay can help you every step of the way. Flexible salary reduction options, employer matching reports, and automatic checks to third party administrators are just some of the ways Priority Pay can help streamline your 401(k) management tasks. Below are a few of the retirement products that Priority Pay has to offer:

• 401(k) Attract new employees and retain existing employees with a 401(k) plan that offers compelling assistance in saving for retirement. You can choose from a list of retirement focused, load-waived mutual funds at Net Asset Value.
  
  
• Solo(k) Discover 401k-like options for sole proprietors or people running small businesses. This product will help you defer more money to retirement. The sole proprietor must have no additional employees other than the spouse of the proprietor or partnerships whose only employees are self-employed partners and their spouses. The administrator of the plan is simply the business owner, their spouse or a partner. For 2007, the maximum contribution is $45,000.
  
  
• Automatic Safe Harbor While standard 401k plans require you to implement discrimination testing to ensure employees of all salary levels participate equally, Safe Harbor 401k plans excuse you from this obligation. In order to take advantage of this, you must make matching contributions to employee salary deferrals – 100% of the first 3% of employee compensation plus 50% of the next 2%. You can also elect to contribute a fixed amount of 3% to all eligible employees.