If your business has more than 10 employees in NY or more than 25 employees in NJ, this is for you

Oil and water message from brand paycheck and some of the young part of this and payroll and compliance is There's a new law that just came into effect and people don't know about it. Can you tell us more about that? Okay, so the new law is a New York State passed a law as you don't have to have 10 employees in New York State and nation tried in business is to offer them a company sponsored retirement plan. They are taking the law. The effective dates that those with employees is March 18th in 2 days. 15 employees and May 15th, 10 employees is July 15th. Finds can and gain up to $1,000 per employee. This is New York. New Jersey watching a past a law and they have a grace period as of the year is a little greener. Companies are required to offer them a company sponsored retirement plan. And the fees that yes per employee is the guide eventually per employee. That's for a business get partnered with the partner 401K. 401K what's the entire investment company? yeah, this is an investment firm with over 401K retirement plans they integrated with a fully integrated with payroll system. So all the job deductions that I must get it by the way again. And you get over with over my plans as low as $25 per month. And some of them are a promotion as we are society gets off. But I can't 2 months administrative fees waived and the setup fee waived. Wow, so so basically anybody that has in New City above 10 employees or in New Jersey above 25 employees has to offer a investment plan which starts at $25 minimum. And who puts in the investment money? That's That's coming go from the employees' check. So, the the employer definitely matches that one. You know, it's it doesn't just offering the plan. Or if the employee wants to participate, guide set up from his own check. Got it. And the plan line looks to cost $25 just just to help me get the Yeah, the lowest plan. Got it. Yom Tov, what's your phone number if somebody has any more questions or if somebody wants to sign up on your payroll company with this offer? You can call my cell phone. It's 732-209-0483. Feel free to call, text, or WhatsApp. Got it. And I also issue constant tips to the council offer for the element of the WhatsApp. >> Yes, I'm here to share them. I've got posting constantly, hopefully weekly, compliance updates. Got it. Thank you, Yom Tov. Thank you so much. >> Thank you.