Take Control of Your Benefits:
Reduce Costs | Increase Value
VOYAGE CAN HELP YOU
Leverage Your Benefits & Free Up Your Funds
SAVE 7.65% ON FICA TAXES
PERMANENTLY
REDUCE MANDATORY
OVERTIME
IMPROVE EMPLOYEE
HEALTH BENEFITS
Understanding the Challenge
When it comes down to it, the three major highlights are: Saving on FICA Taxes, Preventing Unnecessary Employee Callouts, and Reducing Overtime Pay.
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The employer and employee must pay FICA taxes for every dollar paid out in wages.
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Employers’ responsibility for FICA Payroll taxes are as follows:​
6.2%* for Social Security tax
1.45%* in Medicare tax
Save On FICA Taxes
Sick pay is there for a reason, to cover the days when serious illness and unforeseen occurrences happen, not “might as well use it or else I’ll never get to take advantage of it.”
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We’re looking to reduce unnecessary callouts by making it advantageous to save it.
Reduce Employee Callouts
High out-of-pocket health expenses can cripple even the most prepared employee. And early retirement can lead to a gap in coverage leaving many without relief.
We endeavor to offset these expenses and increase your employee retention.
Under-Utilized Benefits
Does your organization struggle with employee absences, under-utilized benefits? Or wondering how you can permanently save 7.65%* on FICA taxes?
By instituting programs such as a Special Pay 401a Plan or a Health Reimbursement Arrangement Plan, Voyage can help you overcome these struggles.
Powerful Alone, Better Together
What Is A Special Pay Plan?
A Special Pay Plan is a 401(a), 403(b), or 457(b) retirement plan designed to handle special forms of compensation in a tax-advantaged manner for governmental and school district employees. Funded upon retirement or at separation from service, these forms of compensation typically include unused sick leave and unused vacation pay.
What Is An HRA?
An HRA (Health Reimbursement Arrangement) offers a tax-free method to manage healthcare expenses for employees and their families, funded by leave payouts. It ensures lifetime access and benefits for dependents, allows for investment growth, and provides significant tax savings.
Benefits On Both Sides
The employer saves 7.65% FICA Taxes (SS and Medicare)
Turnkey plan administration, compliance, and education
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24/7 online plan access—download plan documents, monitor account transaction and generate reports
IRS-approved plan documents
Employer Benefits
Contributions are pre-tax
Flexible distribution options
Permanently save on Social Security & Medicare taxes contributions
Contributions are 100% fully vested
Full control over distribution timing for tax planning
Employee Benefits
