DID YOU KNOW THAT YOU CAN PROVIDE RETIREMENT PLAN OPTIONS TO YOUR EMPLOYEES AT LITTLE TO NO COST TO YOU?

Payentry Financial Services offers a suite of retirement plan options with access to an extensive menu of index and actively managed mutual funds. Our deep retirement services knowledge in conjunction with our low-cost retirement plan options make Payentry Financial Services a superior advisory choice. 
Find out how little it takes to set up a
​retirement plan for your employees.
WHY FEES MATTER

Our passion is helping people save for retirement and our low fee model can help you save more. All the fees associated with your retirement savings plan can be hard to find, but across the United States, plans are charging upwards of 3% on every cent saved. We have found a way to do it better and to charge plan participants less by cutting out commissions and offering index fund options with fixed fee costs. 

WE ARE INTERESTED IN HELPING YOU AND YOUR EMPLOYEES SAVE MORE FOR RETIREMENT. WE ARE PLEASED TO OFFER A FREE REVIEW OF YOUR CURRENT PLAN.

  • WE PROVIDE COMPLIMENTARY RETIREMENT PLAN AUDITS TO HELP YOU IDENTIFY AREAS WHERE YOU CAN SAVE MORE MONEY. 

  • CONTACT US NOW FOR MORE INFORMATION ABOUT HOW PAYENTRY FINANCIAL SERVICES CAN CONNECT YOU WITH AFFORDABLE AND QUALITY RETIREMENT PLAN OPTIONS. 

​PAYENTRY FINANCIAL SERVICES

401K Multiple Employer Plan

Our 401K plan is sponsored by Payentry Financial and combines unaffiliated employers into one retirement plan. Payentry Financial assumes the fiduciary responsibility as the plan sponsor. This is the best option for companies that do not want to pay any administrative costs associated with sponsoring a 401K plan and do not want to take on the fiduciary liability. This offering is attractive to small businesses that want to offer a retirement plan option to their employees but cannot afford to pay for the usual employer costs. 
  1. ​No cost to Employer for establishing the plan
  2. No annual administrative fees to the employer
  3. ​Extensive fund lineup 
  4. No employer match requirements

Traditional 401K plan

Typical 401K plans charge fees across several layers of providers including payment to the third party administrators, retail investments and brokers. Our Payentry 401K plan has created relationships across the investment landscape and worked to lower these fees for employers and employees by creating a plan that charges low flat fee pricing and no commissions. This offering is unmatched in the marketplace and can save you and your employees thousands of dollars. ​
  1. Flat fee pricing for administration
  2. Flat fee pricing for advisory services
  3. Complete institutional fund lineup (No Commissions) featuring Vanguard, American Funds, and others
  4. ERISA (3)21 or (3)38 fiduciary services
  5. Competitive with any other 401k offering in the market place

Payroll deduction IRA

Our Individual Retirement Account (IRA) option is simple to set up and operate for any size employer for a small annual fee. There are no filing requirements or employer contributions required in this plan. Employees can choose to contribute to this plan along with other retirement savings contributions. The ease of setting up a recurring payroll deduction makes participating easy for employees. ​
  1. No per-head record keeping or advisory costs
  2. No fiduciary liability for the employer
  3. Little time requirement required by employees
  4. Employer matching is not required
We're Social!

About Us

Payentry Financial Services was founded in 2014 with the sole goal of bringing affordable retirement plan options to the small to medium sized business market place.

The Payentry Financial suite of products meets the growing needs of businesses to improve competitiveness in attracting and keeping employees. Our low cost and high value plans are unmatched in the market place and we stand by our promise to keep expenses to a minimum so your employees can have more at retirement. 

Our team

Mike meador

Mike Meador is the Vice President of Retirement Services at Payentry Financial and has over 30 years of experience helping clients make important investment decisions. Mike provides plan design consulting services, institutional pricing alternatives to plan sponsors and has designed and taught seminars for many years on “How to Retire” which helps clients tackle the challenges of budgeting, Social Security income, Medicare options and lifestyle changes.

A thought leader in the business services industry, Mike was one of the first leading advocates for institutional pricing for plans of all sizes. He understands the need for comprehensive business management and runs a solution oriented practice. In 1985, Mike co-founded Business Management Services, Inc. (BMS), which was one of the nation’s first companies to integrate payroll processing with employee benefit management. After experiencing several years of success, Mike co-founded BMS Consulting, Inc. with a focus on designing and administering retirement plans. Mike sold his business to CBIZ and stayed on as a practice leader for the Retirement Plan Services division for the Southeastern United States for 17 years.

Mike is a long time volunteer for the Charlotte Regional Aids Interfaith Network (RAIN). Mike lives in Charlotte, North Carolina where he enjoys spending time with his four children and nine grandchildren.
704-631-9404

Derrick Longo

Derrick Longo is an investment advisor originally from Westchester, New York who now resides in Charlotte, North Carolina. He is a graduate of Springfield College where he majored in both Criminal Justice and Business. Derrick then went on to earn his Master’s degree at Southern Connecticut University in 2017 with a major in Business Administration and a concentration in finance and maintains Series 7, 63, and 65 licenses.

Prior to working at Payentry Financial, Derrick worked as a banker for several years. His knowledge about finance and his drive to help others has been a key component in his career growth. He values smart personal finance and wants everyone he is working with to have a comfortable retirement, regardless of income. He is passionate about helping clients gain knowledge about their investments so that they can be active in planning for their future. His goal at Payentry is to help clients accumulate wealth over time by consistent investing. Aside from being a great investment advisor, Derrick wrestled all throughout high school and was an All American in college. His dedication combined with his knowledge in the field makes him a great asset to his clients and to the Payentry team.
704-612-2989

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​Securities and Investment Advisory Services thru Intercarolina Financial Services, Inc. Member FINRA & SIPC
​3300 Battleground Avenue
Suite 400 Greensboro, NC 27410
1-336-288-6890

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