Solo W-2™ Provides
Continuity of Corporate Employment


 Regular Employment with an Established National Corporation

  • Qualify for a Home Loan, Auto Lease, and Other Big-ticket Financing

    • Financial institutions assign a lower credit rating to those with an intermittent work history and uncertain cash flow.

    • Therefore, they cast a wary eye on small business owners, independent contractors, and contract employees who they view as financially unstable.

    • Financial institutions assign a higher credit rating to regular employees of established companies.

    • Solo W-2™ employees are regular employees of Solo W-2, Inc., an established company with a national presence.

    • Advantage to you: You no longer have to take a hit to your credit rating because you chose independence over being a captive employee. As a regular employee of Solo W-2, Inc., you enjoy the same creditworthiness as any other corporate employee.

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  • Freedom from Interruption of Health Insurance and from Constantly Chasing COBRA

    • Ordinary staffing vendors typically require a 90-day wait or longer to sign up for health insurance.

    • If your contract assignment terminates earlier than that you must wait hopefully for another assignment or start all over with another agency.

    • COBRA (Consolidated Omnibus Budget Reconciliation Act of 1985) provides for the continuation of health insurance coverage following termination of employment at no more than 2% above the employer's cost of premium. The minimum continuation period is 18 months, and the maximum continuation coverage is three years.

    • COBRA only helps if you, in fact, have health insurance in the first place. If you are constantly chasing long-term contract assignments just to qualify for COBRA coverage when your contract ends, you may spend months or years with no coverage at all.

    • If you opt for health insurance as a full-time Solo W-2™ employee, you will be covered by group health insurance beginning the first of the month following your first 30 days of employment.

    • Advantage to you: Continuity of health insurance coverage for you and your family is assured.

       

  • Freedom from Interruptions to Your Retirement Plan Contributions and from Constantly Chasing Rollovers

    • Your tax-deferred retirement savings plan is the most powerful means you have to retire in comfort.

    • Ordinary staffing vendors typically require a 90-day wait (or longer) to sign up for their 401(k) plan, if they offer a retirement plan at all.

    • Ordinary staffing vendors virtually NEVER offer an employer match, so you are limited to the maximum employee contribution which is only $15,500 in 2007.

    • Sadly, most contract employees NEVER get to start a 401(k) plan, let alone contribute significantly to it.

    • Many contract employees find themselves managing multiple 401(k) plans simultaneously, or successively rolling one plan into the other as they change contract assignments and staffing vendors.

    • As a Solo W-2™ employee, you are registered immediately for the most aggressive 401(k) plan allowed by the IRS, with maximum employee contribution and maximum employer contribution funded by the revenues in your Solo W-2™ division. What is more, vesting of employer contributions to your account is immediate.

    • No employer in the USA offers a more comprehensive or more powerful 401(k) retirement savings plan for ALL of its employees than does Solo W-2, Inc.

    • Advantage to you: Continuity of corporate employment means that you can maximize your retirement savings from the revenues you earn as a Solo W-2™ employee. You can get a jump start every year by contributing up to one dollar to your 401(k) plan for every one dollar of gross wage up to the IRS maximum tax-deferred contribution of $45,000 ($50,000 if age 50+) in 2007.

       

  • Solo W-2, Inc. is the Last Employer You Will Ever Need
    • As an employee of Solo W-2, Inc. you can:

      • Change your skill set.

      • Change your career.

      • Even change where you live and work.

    • You will never have to change your employer.

    • Solo W-2™ represents The Future of Compensation and Benefits AdministrationTM for the independent professional.

    • Advantage to you: Continuity of corporate employment means that Solo W-2, Inc. and its benefits infrastructure will always be there to support you and your career as an independent professional. You now have the freedom to be YOU, and become whatever you want to be, wherever you choose to live and work.

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