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Michael Savage

Michael joined the Compliance Risk organization of Paychex in March 2015 as Manager, Retirement Services Compliance. In this role, he oversees a team responsible for regulatory compliance of the Paychex retirement products, government and industry group relations, and business partner consulting. Before joining Paychex, Michael was the Sr. Manager of Client Services at EPIC Advisors, a Rochester, NY-based 401(k) provider with a niche in the banking industry. Prior to his time at EPIC advisors, Michael was the Manager Director & Chief Investment Officer at Fischer Investment Group, a Pittsford, NY-based Registered Investment Advisor. Michael received a BA from Geneseo State University and an MBA from Rochester Institute of Technology. He also holds the designations of Qualified 401(k) Administrator (QKA) and Qualified Plan Financial Consultant (QPFC). Michael is also a member of the ASPPA Government Affairs Committee, NAPA Government Affairs Committee, and the NPRC State Retirement Programs Sub-committee.

 

WORX Content from this Author

DOL Delays Full Enactment of Fiduciary Rule Until July 2019

The Labor Department has delayed full implementation of the fiduciary rule by 18 months, from Jan. 1, 2018 to July 1, 2019. Discover what this delay means for broker-dealers, insurance companies, and financial advisors.

Open MEPs Gaining Traction as Retirement Plan Option for Those Without Workplace Program

Increasingly, states and cities are proposing legislation to sponsor multiple employer plans, or MEPs. If you're ready to test the retirement plan waters, take a look at what an open MEP is, as well as the types of retirement programs that may provide the most long-term benefits and flexibility.

Dispelling Misconceptions About Health Savings Accounts (HSAs)

Although they are gaining more attention, there are erroneous beliefs keeping HSAs from wider adoption. Do you have all the facts about these accounts?

Retirement Security and the 2016 Presidential Election

The topic of retirement security wide array of issues including Social Security, retirement plans, healthcare, federal taxes, funding of public pensions, and the retirement of baby boomers. Take an in-depth look at these issues and how each candidate will address them during his or her presidency.

Could Trump's Tax Reform Strategy Squeeze Retirement Plans?

The recent tax reform proposal by the Trump administration may adversely affect the retirement plan industry. While details of the tax proposal haven't been ironed out, two potential components have members of the retirement industry feeling uneasy.

Proposed PHIT Act Promotes Healthy Lifestyles, Could Lead to Lower Insurance Premiums

The proposed PHIT Act would offer tax incentives that promote healthy lifestyles, as well as address the obesity epidemic in the U.S. Get more details on this bill, one of a few pieces of healthcare legislation that has strong bi-partisan support.

State-Sponsored Retirement Plans Now at Sea: Congress Votes to Repeal Safe-Harbor Law

On May 3, 2017, the U.S. Senate voted to repeal a DOL rule that provided a safe harbor for states that sponsor retirement programs for workers. Learn what this may mean for you and your business.

The 2016 Presidential Candidates and Retirement Security: A Concern for All Generations

Retirement security covers a broad range of issues. What do the candidates have to say on these matters this election year?