GTM is excited to be able to now offer our clients this type of benefit which is not only a great value, but also will help them in recruiting and retaining the most important person they will ever hire, their household help.
Clifton Park, NY (PRWEB) March 16, 2012
GTM Payroll Services Inc., a leading provider of payroll, human resources and insurance services to household employers, announced today the launch of the GTM Domestic Workers 401(k) Retirement Plan. This type of retirement plan provides GTM household clients an excellent and cost-effective tool to retain and recruit quality employees.
With minimal effort, household employers can open an account for their nannies, housekeepers, elder care providers or any other household employees, so that their domestic workers can build their retirement income. Domestic workers will have the potential for significant pre-tax savings through a flexible benefit structure and have access to support from advisors who can help guide them with investment decisions. Household employers will have the option to make tax-free contributions into the plan in the form of profit sharing contributions, which can be used to further reward and retain their household help.
“Due to the typical high administrative cost of this type of benefit, household employers have traditionally not been able to offer their employees this type of benefit,” stated Guy Maddalone, CEO and founder of GTM Payroll Services Inc. “GTM is excited to be able to now offer our clients this type of benefit which is not only a great value, but also will help them in recruiting and retaining the most important person they will ever hire, their household help.”
This plan compliments GTM’s suite of services which already includes nanny tax, nanny payroll, workers’ compensation, human resources and health insurance. Household employers who are interested in learning more about this new plan should contact GTM Payroll Services Inc. at (888) 432-7972 or visit http://www.gtm.com.
About GTM Payroll Services Inc.
GTM Payroll Services is a proven leader in payroll and human resource management for both business and household employers. Founded in 1991 and backed by a SAS-70 Type II certification, GTM Payroll Services is recognized as one of Tech Valley’s entrepreneurial success stories and honored as an INC. 5000 company for the last five consecutive years (2007-2011). GTM has also been recognized as one of the Fastest Growing Companies in the Capital Region for eight consecutive years. GTM’s brands include Tech Valley Payroll®, GTM Household Employment Experts® (The Original Nanny Tax & Payroll Company), GTM Employment Benefits®, and A New England Nanny®. Privately held, GTM Payroll Services combines the highest levels of customer service, premium solutions, industry-leading software, and secure and compliant payroll and tax solutions, delivering better advice, better service and better value for an easier life!™
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