Benefits Notes

MAY 16, 2022

Employers sponsoring 401(k) or other types of defined contribution plans “pre-approved” by the Internal Revenue Service (IRS) should be aware that the restatement deadline is quickly approaching. Failing to timely adopt a Cycle 3 restatement may jeopardize a plan’s favorable tax status.

401(k) 59

401(k) Taxes Employee Benefits Employment 59

Insperity

JUNE 26, 2018

Households in 2016 – May 2017 from the Federal Reserve, 63 percent of college students ages 18-29 indicated they acquired debt to finance their bachelor’s degree. Student Loan Hero estimates that the average debt for graduating seniors with student loans rose to $39,400 in 2017, up 6 percent from the previous year.

401(k) 68

401(k) Benefits Package Taxes Banking 68

Qandle

AUGUST 26, 2022

percent between 2017 and 2025, according to market research. Wage and benefit calculations and tax filings may be done mechanically. Facilitated fiscal administration: One of the most time-consuming tasks for human resources workers is tax management. Core HR software is expected to grow by 9.4 What makes Gusto HR special?

Software 98

Software 401(k) Human Resources Payroll 98

Genesis HR Solutions

JULY 3, 2019

401(k) matching contributions. Indirect Compensation: Taxes. Social security tax. Unemployment tax. Retirement plan contributions (401k). Learn how to simplify the process: Download The Small Business Guide To Payroll today. Commissions. Social Security contributions. Commission/bonuses/incentive pay.

401(k) 40

401(k) Commissions Retirement Plan IT 40

Corporate Synergies

AUGUST 6, 2018

Employers that have gone the HDHP route typically offer a qualified plan that includes a health savings account to help pay for qualifying medical expenses tax-free. Treat the HSA More Like a 401(k) than an FSA. million accounts in 2006 to over 22 million at the end of 2017. HSAs are likely to keep growing in popularity.

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Hppy

JUNE 7, 2018

Of those over 65, nearly 19 percent were working as of 2017 , and by 2024, that number increases to 36 percent of those between 65 and 69 needing to work. Some 401(k) plans increase savings rates over time, and some don’t. Circumstances change, and communication during tax season or open enrollment periods only don’t suffice.

Retirement Plan 50

Retirement Plan 401(k) Health Savings Account Education 50

Genesis HR Solutions

MARCH 26, 2019

As of 2017, professional employment organizations are eligible to become certified through the IRS (thus Certified PEOs). This voluntary certification means the organization meets certain requirements regarding tax compliance, experience, business location, financial reporting, bonding, and other things. 401(k) Options.

401(k) 40

401(k) Professional Employer Organization Health Savings Account Entertainment 40

Employee Benefits

DECEMBER 22, 2023

LGBTQ individuals are also less likely to have a savings account and less likely to own stocks or mutual funds than the general population, according to a 2017 Prudential report. These individuals are 5% less likely to have a 401(k) or retirement plan and 12% less likely to have an IRA.

401(k) 105

401(k) Health Insurance Finance Taxes 105

Genesis HR Solutions

SEPTEMBER 3, 2019

Payroll processing and tax compliance. Small businesses that want to be more competitive —Many small businesses choose to partner with PEOs to improve their benefits offerings, including healthcare and 401(k) options, giving them a competitive edge to attract better talent. PEO services vary in scope.

401(k) 40

401(k) Professional Employer Organization Human Resources Payroll 40