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employer-sponsored 401(k) plans. Act seeks to: Open access to 401(k) retirement plans to more people Provide greater opportunities to save Offer financial incentives to save while removing common barriers and penalties So, what does the law require of employers? The SECURE 2.0 The SECURE 2.0 The SECURE 2.0
Make a 401(k) plan available to them. When you offer a 401(k) plan, your employees will feel more assured about their future. You may find that some employees are hesitant to join a 401(k) because they don’t understand how it works or feel intimidated about choosing investment funds. Everybody wins.
Wondering what a contract with a professionalemployerorganization (PEO) might entail? A PEO agreement (also known as a PEO client service agreement) is a legal document that precisely spells out who’s responsible for what in the co-employer arrangement. 401(k) plans. Employer compliance.
From employment issues and complicated compliance updates, it’s easy to get overwhelmed. This is where a professionalemployerorganization (PEO) can come in as a partner to assume many of your employer related HR responsibilities, freeing up time for you to focus on bigger-picture goals.
They are when you outsource your heaviest HR burdens to a professionalemployerorganization (PEO). 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.
You also need to track voluntary deductions like health insurance and 401(k) contributions, prepare and file quarterly reports, and process w-2s at the end of the year. Good payroll providers offer access to a dedicated payroll consultant, 401(k) plans and compliance assistance.
One solution is a professionalemployerorganization (PEO) , an HR outsourcing option that performs the most comprehensive set of HR functions. While the business retains control over day-to-day operations, the PEO engages with employees on HR issues and ensures compliance with employment requirements.
Have you considered outsourcing your business’s HR to a professionalemployerorganization (PEO)? Do you know if your employees’ 401(k) deductions are being properly calculated and reported on time? Download our free e-book, HR Outsourcing: A Step-by-Step Guide to ProfessionalEmployerOrganizations (PEOs).
If your company lacks dedicated HR personnel or has a small HR team in need of support, a professionalemployerorganization (PEO) can step in to enhance your employee retention strategy. Download our free magazine, The Insperity guide to HR outsourcing.
Outsourcing your HR to a reputable PEO or CPEO ( certified professionalemployerorganization, as designated by the IRS*) can provide many advantages to your business: Payroll with peace of mind. Learn more and minimize your risk by downloading our e-book: Employment law: Are you putting your business at risk?
When choosing a professionalemployerorganization (PEO), there is an entire checklist of items you should consider to make sure you choose a partner that is a good fit for you. Download the free checklist: Picking The Right PEO Company For Your Business. PEO vs. CPEO: What’s the difference?
In a 401(k) plan, the most common type of retirement plan, employees can save up to a certain amount set by the U.S. Many employers match their employees’ contributions to boost their savings. See more information about how a professionalemployerorganization can help below.)
Download the free checklist now to make sure. We spend so much time onboarding new employees, but for many organizations, offboarding is an afterthought. Then download our free guide —we think you’ll like what you learn! Are you following industry best practices for integrating new employees? Never heard of a PEO?
Get ready: You’re about to read the ultimate guide to professionalemployerorganizations, also known as PEOs. PEOs and the co-employment relationship. PEO benefits for employers. Information about certified professionalemployerorganizations (CPEOs). Download our free white paper.
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