Your employees will be able to set aside a portion of their paycheck to build their nest egg with PeopLease’s 401(k) plan offered by Chappelle Consulting Group and administered through Nationwide Life Insurance. All employee contributions are pre-tax deductions from the employee’s paycheck. The employer has the option not to contribute towards their employees’ retirement fund, or the employer can enjoy a tax deduction for contributions made towards employee accounts. PeopLease handles all the administration including payroll deductions. PeopLease’s 401(k) plan is completely ERISA (Employee Retirement Income Security Act) compliant and your employees have full reign over their account.
Enrollment in the 401(k) plan will provide your employees access to advisor managed accounts through CLS Investment Firm, LLC that will help them to better plan for their retirement. These advisors take the guess work out of retirement planning and will suggest a customized plan that is based on personal risk factors and goals. An advisor will monitor investments on a daily basis to ensure your employees are receiving the best return on their investment.