AccountantsWorld has released Payroll Relief Retirement Solution in partnership with Transamerica Retirement Solutions and TAG Resources, which will be the servicers of the PRRS.
Transamerica Retirement Solutions and TAG Resources are both providers of retirement plan solutions in the United States.
The PRRS integrates with AccountantsWorld’s payroll offering, Payroll Relief. The solution is touted to perform most administrative tasks required by a company to offer a 401(k). AccountantsWorld also promises compliance with the Department of Labor and IRS regulations, provided that plan administrators follow “TAG directives.”
“The compliance requirements for offering 401(k) are complex, and that burden prevents many small businesses from offering 401(k) to their employees,” said Chandra Bhansali, co-founder and CEO of AccountantsWorld. “We were looking for a way to mitigate that responsibility for the small business clients our Payroll Relief users serve. After a lengthy and extensive due diligence process, we chose to partner with TAG and Transamerica because of their exemplary service and commitment to offering best-in-class retirement solutions.”
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