I figured my comment was more of an answer, so posting it here and adding more info
In this situation you're better off adding some sort if "active" flag to the users table, which you can flip on or off as needed. That way you don't need to worry about dealing with yet another model class, and you can reuse all the same view and controller structures. In your views, you can then simply "hide" any inactive users (and maybe only show inactive folks if the logged in user is an admin...etc).
You also have the freedom to include other meta data such as "deactivated on" (time stamp) for example.
Long story short, if you're concerned about performance, with proper indexing (and partitioning if necessary), you shouldn't really need to create a separate archive table.
The only reason I can think of to do this is if you're dealing with billions upon billions of records, and/or growing by an insane amount (which is probably not your case).