Question: Is February 20th Presidents' Day, President's Day or just plain Presidents Day?
Answer: Actually, it is Washington's Birthday Holiday, according to the federal calendar!
Banks will be closed on Monday, February 20, 2017, in honor of George Washington's 285th birthday. So please take this into account when planning your payroll processing for the week.
If you are a direct deposit or CPS Checks customer, please submit payroll at least one business day early to ensure proper funding of employee bank accounts.
President's Day Direct Deposit Deadlines:
Checks Dated On: Submit Payroll By:
Friday, 02-17-2017 Wednesday, 02-15-2017
Tuesday, 02-21-2017 Thursday, 02-16-2017
Wednesday, 02-22-2017 Friday, 02-17-2017
Payrolls must be submitted prior to your branch’s cut off time to be processed the same day. Auto-run payrolls will be processed early to ensure timely funding of employee bank accounts.
If you have any questions, please contact your Payroll Specialist at your Branch Office.
Employer-provided 401(k) plans are a very popular retirement savings vehicle. In fact, according to a 2015 study, 85% of employees who have access to a 401(k) plan participate in it.
While 401(k) plans typically offer a variety of investment options, one key factor is often overlooked by both employers and employees in deciding the funds to offer and invest in: plan fees.
Best Predictor of Fund Performance is...
Plan fees can run from well under 1% to over 2% of assets under management. While 1% or 2% might not seem like a lot, the fee will heavily impact the growth of savings toward retirement over time. According to Morningstar and Consumer Reports, the best predictor of fund performance is not the experience of the fund manager or the fund’s past performance. Instead, the best predictor of performance is...
Take a break...
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