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401K REPORTING
 If your company offers its employees the opportunity to contribute to a tax-deferred 401(k) retirement plan, DM Payroll Services can help you monitor it. We offer a “401-K Contribution Report” that tracks both employee and company contributions for each employee.
The report is issued every payroll, or monthly if you prefer. For each participating employee, it reports gross wages, 401(k) deduction, and the company’s matching contribution. Totals are given for each department or location.
DM Payroll Services system calculates the employee’s contribution as a deduction during payroll processing. For the 401-K Report, it also calculates the company contribution based on whatever formula you sue to match the employee’s contribution.
With this report, it’s simple to determine the amount to be deposited in each employee’s 401(k) account.
For more information, contact us at (248) 244-3100 or sales@dmpayroll.com
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Copyright May 2006 ® DM Payroll Services. All rights reserved.
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