Inova Payroll™ Introduces Custom 401K Plans For Small to Medium Sized Businesses

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Inova Payroll partners with DCM to introduce new 401K plans specifically designed to help businesses reduce or defer costs, maximize retirement wealth and gain tax savings advantages.

Inova Payroll and HR solution with Single Source database technology and three year price lock.

Inova Payroll clients can access the online forum at the 401K cafe that includes tips, advice, FAQs and more

This partnership enables us to provide well-designed, scalable 401K plans to help our clients offer cost-effective, retirement benefits for their employees, as well as to maximize owner contributions for the future.

In today’s economy, many companies are faced with the difficult decision of cutting costs, as they strive to attract and retain the best employees by offering great benefits such as 401K plans. Most small to medium sized businesses do not understand that with a well-designed 401K plan, they can maximize owner and employee tax savings and retirement wealth, without paying huge administrative or employee costs.

To better serve its rapidly expanding family of payroll and HR clients, Inova Payroll has formed a strategic partnership with DCM Financial Partners ltd. to offer customized 401K plans. Farsheed Ferdowsi, President and CEO of Inova Payroll, said, “DCM brings more than 20 years of experience in design, consultation and management of 401k solutions for a diverse group of clients ranging in size from small businesses to large companies with hundreds of eligible participants. This partnership enables us to provide well-designed, scalable 401K plans to help our clients offer cost-effective, retirement benefits for their employees, as well as to maximize owner contributions for the future. ”

While, there are many creative and flexible options available, most business owners are often presented with a single, inflexible plan. With a custom-tailored approach to plan design, there are tax and savings benefits to be enjoyed by both business owners and employee participants.

Communication to the employees and how they can benefit is key to the success of a 401K plan. Effective communication helps boost participation and makes sure the plan not only complies with, and takes full advantage of the complex and changing tax laws. Business owners and participants receive effective and timely consultation through personal meetings, webinars and other communications. Plan participants have 24/7 access to an online forum at http://www.the401kcafe.com that includes tips, advice, FAQs, forms and other information to help them maximize their contributions and manage their personal retirement strategy.

About Inova Payroll: Inova Payroll offers a complete line of smart payroll and HR solutions for companies of all sizes. Combining innovative, state-of-the-art technology with our earnest commitment to high-touch customer care,Inova Payroll sets a new standard in customer satisfaction. Our impressive suite of services encompass one-database payroll and HR solutions, nationwide tax filing, integrated time management systems and a growing suite of InovaPlus™ ancillary products. For more information, call 615-921-0600 or visit http://www.inovapayroll.com.

About DCM Financial Partners, ltd: With more than twenty years of experience, DCM offers design, consultation and management of highly customized 401K plans for small to mid-sized businesses. DCM helps business owners maximize tax advantages and reduce operational costs, while transforming their plans into compensation tools to recruit, reward and retain the best employees.

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Sandi Hale
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