We Partner with Governmental Entities and School Districts

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Why Partner With Us

At Precision Group Inc., we understand the fiscal pressures and accountability demands that school districts, municipalities, and other government employers face every day. That's why we've built a partnership model grounded in performance, compliance, and measurable value. When you partner with Precision, you're not just accessing benefit consulting—you're unlocking a proven strategy to reduce costs, increase tax efficiency, and enhance employee retention and satisfaction.

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Accumulated Leave Payout History

Traditionally, employers were accustomed to paying their retiring employees accumulated leave in a lump-sum payment as W2 wages or a bonus, which generally is a taxable event in the year it is received. We created a better way.

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PRIME CHOICE®

This plan allows the employer to determine a retiree's individual post-retirement needs, thereby allowing an employer choice between a tax-free health benefit or a tax-deferred benefit for the employer contribution without violating Constructive Receipt.

PRIME Plan vs. Special Pay 401(a) Plan

Based on a $10,000 employer contribution

Contribution

$10,000

$10,000

Federal Taxes (20%)

$0

$2,000

State Taxes (est. 5%)

$0

$500

FICA Taxes (7.65%)

$0

$0

Net Amount Available

$10,000

$7,500

$3,265

Real Tax Savings,

PRIME Plan

$765

Real Tax Savings,

Special Pay Plan

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PRIME Plan

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Partner With Us for Smarter Retirement Solutions

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Special Pay Plan

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FICA Alternative Plan

Instead of matching the PST employee's 6.2% FICA tax to the Federal Government, the employer establishes an account which the employee contributes on a mandatory basis 7.5% of his/her gross wage on a pre-tax basis.

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