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What is National Payroll Week? - National Payroll Week was founded in 1996 by the American Payroll Association. It brings the payroll industry, the public, and payroll management together to recognize the importance of payroll in America. It is being celebrated September 1 - 5, 2008.
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What is National 401(k) Day? - As retirement follows work, 401(k) Day falls on the Friday after Labor Day, September 5, 2008, and spotlights the importance of employer-sponsored profit sharing and 401(k) plans.
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Fast Facts about Payroll and 401(k)
- Payroll professionals process paychecks for more than 156 million of America's wage earners. Through the payroll withholding system, workers contribute over $1.5 trillion, or 64.3%, of the annual revenue of the U.S. Treasury.
- In addition to paying workers accurately and on time, payroll professionals play a key role in crucial government programs including the enforcement of fair labor standards, child support deductions and payments, social security taxes and benefits, unemployment insurance, and Medicare.
- 401(k) plans have helped spread the idea of saving and investing to Americans across the income spectrum.
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Learn more about payroll and 401(k) with these helpful links.
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