No Retirees Left Behind! Maximize Your Earnings With FICA Alternative

A large group sale could be lost if you are not discussing part-time, seasonal & temporary (PST) employees’ retirement benefits with government plan sponsors: such as local school districts, towns, cities, and state agencies.

Benefits of FICA Alternative Group Plans include:

• Government Employers: By reducing payroll tax expenses (up to 6.2% savings) compared to Social Security requirements, which can significantly lower overall labor costs.
• Part-time, Seasonal & Temporary (PST) Government Employees: These plans offer portable retirement savings benefits that PST employees would otherwise not have access to through Social Security. This benefit helps attract and retain critical workforce resources.
• Financial Advisors/Agents (YOU): You could earn compensation based on large lump-sum group annuity funding and consolidated group-level premiums, PST employee-participation is mandatory.

Revisit your current employer relationships

Plus, FICA Alternative payroll slots qualify for the Slot Bonus Program.

With a FICA Alternative plan, employers can save 6.2% on payroll taxes for PST employees. Employers can also attract and retain PST employees with a FICA Alternative plan, since it provides them with a portable retirement savings plan that they own, take with them, and keep forever. Savings grow more rapidly due to the deferral tax associated with their retirement account. Contributions are pre-tax and employee take-home pay is similar to social security.

Communicate with employers

The following tools will help employers and employees understand the benefits.

 

 

Welcome to Your FICA Alternative Retirement Savings Plan – Employers communicate with PST prospects and employees

Employee flyer

Welcome to Your FICA Alternative Retirement Savings Plan

 

Recruit and Reward Part-time Employees with a FICA Alternative Retirement Plan: Part-time, seasonal, and temporary (PST) employees are a critical workforce resource yet are excluded from many full-time employee benefits.

Retirement Resource Blog article

Recruit and Reward Part-time Employees with a FICA Alternative Retirement Plan

A FICA Alternative Retirement Plan Benefits You and Your Part-Time Employees: Eliminate your payroll budget for PST Social Security payments.

Employer email – included open fields for personalized contact information. Log into the Agent Portal to retrieve this Outlook email. 

FICA Alternative Agent to Employer – OUTLOOK EMAIL