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PayMatic caught two errors that our previous payroll company has been making for years costing us thousands in excessive tax withholdings.

Joe W.
Real  Estate Management Company,
Ridley, Pennsylvania

What makes this company special is when you need them for those unusual circumstances. They assist you in getting the answers you need in a friendly, hassle-free manner. Put simply, PayMatic takes care of their business so that you can take care of yours.

Lisa M.
Plastic Manufacturing,
Wayne, NJ

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401(k) and Employee Benefits
Benefit Accrual
Paid time off is easy to track with PayMatic’s benefit accrual formulas. You can create and maintain customized benefit accrual formulas that reflect your company policies. Set up as many formulas as you need: vacation, sick, holiday, personal or any other categories you choose. Formulas can be as complex or as simple as your company policy dictates and can also reflect union requirements.

PayMatic will automatically compute time allowed and taken as well as ongoing balances. At your option, these balances can appear on employee pay stubs, or exclusively on the reports you receive. And even with the formulas, you retain the flexibility of entering manual balance adjustments.
401(k) Administration
PayMatic can support benefits, deductions and payments for your current 401K provider. We can manage all of the deductions, matching, minimums, maximums and more that your plan requires. We can pay your investment provider electronically and provide electronic reporting as well.

Our specialized staff are always available to support you and your 401K team with the payroll reports they need to audit and manage your plan to your best profit and tax advantage.

PayMatic also offers simple, flexible, and affordable 401(k) plans for businesses. Our flexible solutions satisfy the smallest businesses up to those with several hundred employees. You can choose from one of our nationally recognized partners that reflect the best cost and tax advantage.

Our options include:

  • A simple web based 401k plan for smaller businesses
  • Managed 401k including full design services, multiple investment platform
  • Please contact PayMatic today for more information
Section 125 Reporting
Section 125, also known as cafeteria plans or Premium Only Plans (POPs), allow you to offer your employees benefit choices. This flexibility translates into increased employee satisfaction as well as significant tax savings for your company. Whether you are planning to establish a Sec. 125 plan or have an existing one in place, PayMatic can help you every step of the way. Flexible salary reduction options and automatic checks to third party administrators are just some of the ways PayMatic can help streamline your Section 125 management tasks.
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