InterWest Insurance Services

MARCH 22, 2022

One way you can give your staff more choice in the employee benefits they receive is to offer them a cafeteria plan, which allows them to put together a benefits package that works best for them. Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis.

Flexible Spending Account 96

Flexible Spending Account 401(k) Flexible Spending Deductible 96

Genesis HR Solutions

SEPTEMBER 22, 2020

401(k) & 403(b) Retirement Plans. A 401(k) or a 403(b) is a retirement plan named for the section of the tax code that governs it. ( A 401(k) plan can be an important tool for a small business to attract and retain employees. Additional Benefits To Consider. Documenting employee benefit elections.

401(k) 98

401(k) Employee Benefits roth 401(k) Disability Insurance 98

Benefit Resource Inc.

AUGUST 6, 2021

Now, let’s assume those 100 employees contribute $2,000 a year each into their HSA through their pre-tax payroll deduction contributions. The similarities between an HSA and a 401(k) lead many to believe they are both equally hands-off. Does your benefits package offer the value you think it does?

401(k) 76

401(k) Health Savings Account Deductible Deductions 76

Business Management Daily

SEPTEMBER 15, 2021

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. There’s no one-size-fits-all answer.

Benefits Package 52

Benefits Package Family and Medical Leave Act Health Insurance PTO 52

CorpStrat

DECEMBER 3, 2021

Be sure you build a comprehensive overview of your entire benefits package. Not just singular pieces of health and 401K. The post 5 Tools for Creating the Near Perfect Open Enrollment Process appeared first on CorpStrat: HR | Payroll | Employee Benefits. Tell Your Story. Tell it loud. We’re here to help.

Voluntary Benefits 98

Voluntary Benefits 401(k) Benefits Package Deductible 98

Insperity

FEBRUARY 6, 2018

Suddenly, payroll, benefit plans, recruiting support, performance management and certain employer liability issues are no longer time-sapping tasks. Adding a 401(k) option to your benefits package gives your HR staff more resources to attract and retain talent. Where to find some answers.

401(k) 69

401(k) Professional Employer Organization Health Education 69

Insperity

FEBRUARY 15, 2018

If not, you may not know there’s an issue until you notice a visa violation by Immigration and Customs Enforcement or there’s a payroll mix-up with the IRS. Competing companies are wooing your employees with five-star benefit packages. In other words, can your benefits package compete with the “big guys?”.

401(k) 70

401(k) Professional Employer Organization Benefits Package Payroll 70

Insperity

JUNE 26, 2018

And the loan would be paid off three years sooner, according to Gradifi , a company that specializes in helping businesses establish this benefit. Here are some questions to consider before adding student loan repayment reimbursement to your complete benefits package. Should your company consider offering this new perk?

401(k) 65

401(k) Benefits Package Taxes Banking 65

Insperity

APRIL 26, 2018

In a nutshell, a PEO is an organization that enters into a co-employment relationship with your company, assuming many of your employer-related HR responsibilities, such as payroll and benefits. Working with a PEO can decrease your payroll-processing and related accounting costs. So, where are the savings? Retirement plans.

401(k) 66

401(k) Professional Employer Organization Workers’ Compensation Payroll Service 66

Insperity

OCTOBER 17, 2023

That’s why employers should be proactive about not only confirming that employees are paid fairly, but also maintaining their competitiveness.

Employee Retention 108

Employee Retention 401(k) Benefits Package Construction 108

PeopleStrategy

JANUARY 16, 2020

For example; payroll, the administration of health care and other valuable benefits, adherence to specific compliance regulations and timelines, and sensitive tasks like managing employee disputes or sexual harassment complaint. Payroll management. Payroll management represents one of the key hard skills in HR.

Human Resources 72

Human Resources 401(k) Payroll Payroll Manager 72

Insperity

OCTOBER 2, 2018

Tax reform did a number on payroll. Federal tax reform has resulted in big changes in the payroll arena, so your payroll to-do list likely just got a lot longer than in recent years, especially if you have employees in multiple states. Payroll is just one major area where tax reform impacts businesses.

Taxes 72

Taxes 401(k) Payroll Professional Employer Organization 72

Insperity

SEPTEMBER 29, 2016

– Benefits. How do the companies’ benefits packages compare? Which benefits will continue to be offered and which will no longer be available? How will ancillary benefits (401K, pension plans, AD&D) be integrated? – Payroll. How will pay cycles or payroll be impacted post-close?

401(k) 89

401(k) Human Resources Pension Payroll 89

CorpStrat

MARCH 2, 2022

In order to keep their teams intact they need to actively seek out how to make their benefits package more enticing for current and prospective employees. Here’s a quick hit of the things employers should be doing right now to ensure they’re delivering the best benefits without going over on cost.

Benefits Package 52

Benefits Package PTO 401(k) Disability Insurance 52

Genesis HR Solutions

JULY 3, 2019

Though your benefits package may be quite substantial, your employees may not know or understand the real value of the benefits you offer. And they may continue to remain unaware of the “hidden” benefits they are receiving even as healthcare costs rise, and you, the employer, absorb the increases. Commissions.

401(k) 40

401(k) Commissions Retirement Plan IT 40

Asure Software

FEBRUARY 8, 2016

This legal trend is a long-term change that must be incorporated into the payroll department. In these cases, companies are facing workforce trends that demand diversified benefit packages among all of their workers. Potential profits from this analysis will justify their payroll checks. Diversifying Company Perks.

401(k) 54

401(k) Overtime Salary Consulting 54

Genesis HR Solutions

SEPTEMBER 15, 2021

We are New England’s premier PEO for startups and small to midsize businesses, offering expertise on HR practices and policies, 401(k) and benefits offerings and administration, employer compliance, payroll processing and tax administration, risk management, and more.

401(k) 59

401(k) Health Insurance Benefits Package Professional Employer Organization 59

Higginbotham

OCTOBER 14, 2022

Health insurance is a key element of any employee benefits package, but small business owners should consider offering other benefits as well. Other Key Benefits. In addition to the basic benefit staples that many employees expect, small business may want to round out their employee benefits package with other options.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Higginbotham

NOVEMBER 2, 2023

Financial wellness benefits can help employees tackle their money challenges. However, there are many types of personal financial wellness benefits, each catering to unique needs. When creating your organization’s financial wellness benefits package, consider the specific financial challenges impacting your employees.

401(k) 52

401(k) Disability Insurance Benefits Package Insurance 52

PeopleStrategy

MAY 6, 2019

Your organization most likely has staff on its payroll from four different generations: Baby Boomers, Generation X, Millennials and the newest to enter the workforce, Generation Z. It’s critical to understand which benefits are most important to them so you’ll create the best employee benefits packages across the workforce.

401(k) 40

401(k) Retirement Plan Benefits Package Human Resources 40

Genesis HR Solutions

AUGUST 20, 2021

An EOR is responsible for handling payroll (ensuring that all necessary withholdings and deductions are made) and meeting other compliance obligations of employers. PEO: What’s the difference? An employer of record (EOR) is a third-party company that takes over as the legal employer for your workforce. PEO services vary in scope.

401(k) 52

401(k) Human Resources Professional Employer Organization Workers’ Compensation 52

Genesis HR Solutions

AUGUST 19, 2021

An EOR is responsible for handling payroll (ensuring that all necessary withholdings and deductions are made) and meeting other compliance obligations of employers. Most offer cornerstone services, handling things like: Health benefits. Payroll processing and tax compliance. PEO: What’s the difference?

401(k) 52

401(k) Human Resources Professional Employer Organization Workers’ Compensation 52

Genesis HR Solutions

MARCH 31, 2022

Not realizing the importance of details related to finances, payroll, and taxes presents one of the biggest risks for growing companies. Another company had recently set up a 401k plan but they did not understand their fiduciary responsibilities. Download the free checklist: Picking The Right PEO Company For Your Business.

Taxes 52

Taxes Professional Employer Organization 401(k) Finance 52

Genesis HR Solutions

DECEMBER 12, 2019

In other words, someone who has: The know-how to execute the tactical side and will: Complete payroll. Implement benefits. Pay benefits bills. Share strategies on building comprehensive and competitive benefit packages. Employee benefit administration, and more. You can offer comprehensive benefits.

Human Resources 59

Human Resources 401(k) Comprehensive Benefits Electronics 59

Genesis HR Solutions

NOVEMBER 20, 2018

A Professional Employer Organization (PEO) allows its clients to outsource many of their human resource functions, share employment liability, and, oftentimes, gain economies of scale to bring an improved benefits package to their employees. PEO services include administration of the following: Health benefits. PEO Payroll.

Human Resources 40

Human Resources Health Insurance 401(k) Benefits Package 40

Vantage Circle

SEPTEMBER 11, 2023

For example, some platforms allow for integrating different benefits, such as health insurance, retirement plans, and wellness programs. This can help employers tailor their benefits packages to meet their employees' specific needs and preferences. However, the packages should meet the needs and expectations of employees.

Employee Benefits 52

Employee Benefits Payroll Retirement Plan Software 52

Genesis HR Solutions

APRIL 23, 2020

(“Full time” generally refers to employees who work more than 30 hours per week, although with regard to compliance, the definition depends on the ACA requirement for applicable large employers to provide medical benefits to employees who work more than 30 hours). Retirement benefits: 401(k), 403(b), 457(b) retirement plans and IRAs.

Health and Welfare 52

Health and Welfare Electronics 401(k) PTO 52

Genesis HR Solutions

SEPTEMBER 21, 2021

GenesisHR can help your small business get HRA plan documents; administer your ICHRA; take deductions through payroll, and more. Employers are more likely to ensure their employees are happy by allowing them to pick their own coverage, as opposed to picking a small group plan, which, by nature, is required to be one-size-fits-all.

Health Insurance 52

Health Insurance Insurance 401(k) Insurance Carriers 52

Hppy

JUNE 2, 2021

Do you know what the local and national payroll laws and regulations are? When you build your compensation package, your HR compensation department will advise you on any legal considerations. A benefits package for employees will be part of your complete compensation plan. Matching 401k. Wellness benefits .

Compensation System 36

Compensation System 401(k) Executive Compensation PTO 36

Empuls

JULY 11, 2023

Health insurance benefits Employer-provided health insurance is a widely offered benefit that often comes with tax advantages. The premiums paid by employees for employer-sponsored health insurance are typically exempt from income and payroll taxes. This reduces employees' taxable income, resulting in lower tax liabilities.

Employee Benefits 40

Employee Benefits roth 401(k) Flexible Spending Account 401(k) 40

Empuls

DECEMBER 29, 2022

Supplemental income includes stock options, 401 (k) plans, bonuses, etc. Since long-distance commute impacts overall productivity and presenteeism rates, employers can address it by offering housing support as a part of their benefits packages.

Family and Medical Leave Act 52

Family and Medical Leave Act Disability Insurance Retirement Plan 401(k) 52

Higginbotham

JUNE 15, 2023

Group Term Life Insurance as a Member Benefit Group term life insurance is often made available at no cost to the members of the group as one part of their benefit package. Efficient Benefits Administration Group life insurance policies streamline the administrative process for employers.

Life Insurance 52

Life Insurance Insurance Employment Medical 52

Empuls

SEPTEMBER 25, 2023

Given these changes, HR departments need to reassess their benefits packages to make sure they are not only competitive but also in full legal compliance. Recent changes have modified the guidelines concerning pre-tax contributions to various benefits packages , such as 401(k)s and Health Savings Accounts (HSAs).

Family and Medical Leave Act 40

Family and Medical Leave Act Overtime 401(k) Benefits Package 40