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Small Business Retirement Savings Advisor

Payroll Deduction Individual Retirement Account (IRA)

An employer can set up a payroll deduction IRA program with a bank, insurance company or other financial institution, and then the employees choose whether and how much they want deducted from their paychecks and deposited into the IRA. Employees may also have a choice of investments depending on the IRA provider.

Please return to the Main Menu for more information on small business retirement savings.