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Invo PEO is a professionalemployerorganization that offers a range of services to small and medium-sized businesses. This includes everything from health insurance and 401(k) plans to employee assistance programs and lifeinsurance.
Types of benefits include: Health and welfare benefits: Typically medical, dental, vision, disability, and lifeinsurance products. Pre-tax savings plans can also be included here, as well as ancillary benefits like accident, illness, and pet insurance. Retirement benefits: 401(k), 403(b), 457(b) retirement plans and IRAs.
Insurance types: Medical, dental, vision, disability, and lifeinsurance plans. 401(k) and retirement plans. Sometimes benefits are paid for wholly by employers; other times they are paid for by employees, and sometimes the expenses are shared. How do you decide which benefits your organization should offer?
At the end of this article, we’ll explain how a professionalemployerorganization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, lifeinsurance, disability insurance, and retirement plans.
Another cost-conscious option for small businesses is to join a professionalemployerorganization (PEO), which can provide employees with health coverage under a PEO-sponsored health plan, relieving you of the administrative costs of offering your own health plan.
Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.
Benefits that it offers include: Medical and dental coverage Vision insuranceLifeinsurance401(k) plans Commuter benefits Access to health advocacy services On-demand primary care Fertility services Family-building services As you can see, Justworks offers some unique employer benefits that you won’t find on other programs.
Many workers today struggle with saving for retirement, and offering employer-sponsored plans gives them a much-needed head start Ideas: Offer matching contributions to 401(k)s, SEP IRAs, or SIMPLE IRAs to incentivize participation. Offer employer contributions to HSAs to further incentivize participation.
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