NSMG’s Tax Reduction Plan
Save Money on Taxes!
Discover how your company can increase its profit by upwards of $600 to $700 per employee per year, and raise your employees’ net take home pay!
The good thing for your business… The right thing for your employees!
Your Business Retains Money
Employers will save on average $600-$700 per enrolled employee per year in FICA reduction.
Your Employees Get A Bigger Paycheck Without A Raise
Employees will see an increase in take home pay of $80-$120 per month in their paychecks.
Zero Net Cost for Employers and Employees
There is no net cost for the employer or employees. The cost of the program is covered through tax savings.
Essential Facts
- Plan is available as the result of a joint ruling issued by the Dept. of Treasury, Dept. of Labor, and Dept. of Health and Human Services in April 2024
- Addresses employers’ Recruitment, Retention, and Revenue concerns
- Implementation does not replace or disrupt any existing employee contribution plans
Qualifications
Business owners are not eligible to participate
Available to employers with 50 or more employees
All employees must be W-2 and full-time (30 hours a week minimum)