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Introducing EZ IRA*, the easiest retirement solution ever, now offered in partnership with Legg Mason. Using simple, automatic payroll deductions, EZ IRA makes it possible for every business—no matter how big or small—to offer a retirement benefit that attracts and retains valued employees.

Employer Benefits

  • No employer contributions required
  • One time $100 annual fee—no per-employee charges
  • No Department of Labor oversight or testing required
  • No 5500 form filing requirements or fiduciary liability
  • No participation requirements
  • Access to financial advisors to assist with implementation
  • Access to financial advisors to assist with implementation
  • Available to any size business

Employee Benefits

  • Dedicated retirement savings managed by Legg Mason
  • Easy 3-step enrollment
  • Automatic payroll deductions
  • Choice of traditional or Roth IRA
  • Multiple investment options: open architecture,
    multi-fund family and private money management
  • 24/7 access to real-time account information
  • Access to financial advisors to assist with investment selections
  • Prior rollover plans accepted
  • 100% employee-owned and portable

How It Works

  1. Simply enroll your business in the Payce EZ IRA program—Payce does all the set up.
  2. Each eligible employee must complete the EZ IRA application and agreement.
    Employees can select how much they wish to deduct from their payroll,
    and whether they wish to set up a traditional or Roth IRA (based on
    eligibility and personal choice).
  3. Each payroll period, Payce will automatically withhold each employee’s authorized
    payroll deduction and transmit the funds into the employee’s IRA.
  4. Each employee is responsible for managing how his or her funds are invested/
    allocated, and paying the small, annual maintenance and administrative fees.
  5. Simply enroll your business in the Payce EZ IRA program—Payce does all the set up.

*Please note that EZ IRA is not a stand-alone service. Clients must be enrolled in Payce payroll services to participate.