WEX Inc.

JULY 24, 2023

Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. Why HSAs for retirement planning? These accounts provide another way for your employees to diversify their efforts to prepare for retirement. Click below to get your free HSA retirement white paper.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

Patriot Software

JULY 11, 2022

In the United States, the most common type of retirement plan is the trusty 401(k). trillion in assets, businesses of all sizes offer this type of plan to help their employees save for the retirement they deserve. However, not all 401(k)s are the same. While […] READ MORE.

401(k) 87

401(k) Retirement Plan Payroll 87

Patriot Software

APRIL 3, 2023

Offering a retirement plan comes with a host of benefits, including generous 401(k) tax credits, while also serving as a potent tool for recruiting and retaining top talent. There are also unique benefits that come from integrating your 401(k) plan with your payroll provider.

Retirement Plan 73

Retirement Plan 401(k) Payroll Taxes 73

Insperity

OCTOBER 10, 2023

At its most basic level, the law encourages people to not only save money for retirement , but to save more and also become financially stable in the present. To do this, the law makes broad changes to the foundation of retirement preparation in the U.S.: employer-sponsored 401(k) plans. The SECURE 2.0

401(k) 113

401(k) Retirement Plan Taxes Benefits Package 113

Business Management Daily

MARCH 21, 2022

Setting up a 401(k) for employees can be a daunting task for small business owners. It’s important to take care of the people that work to keep your business alive, and helping them plan for their retirement is a great way to do that. What is a 401(k)? Do employers have to offer a 401(k) to employees?

401(k) 52

401(k) roth 401(k) Retirement Plan Deductible 52

HR Lineup

FEBRUARY 9, 2023

Justworks is a comprehensive HR and payroll platform designed to simplify and streamline the HR processes of small and mid-sized businesses. The platform offers a suite of tools and services to help companies manage their employees, benefits, payroll, compliance, and more.

401(k) 130

401(k) Payroll System Retirement Plan Payroll 130

HR Lineup

DECEMBER 29, 2022

Their services include payroll, benefits, HR management, and compliance support, allowing businesses to outsource these tasks and focus on their core operations. These include access to a wide range of health insurance plans, 401(k) retirement plans, and employee assistance programs.

401(k) 130

401(k) Retirement Plan Health Insurance Professional Employer Organization 130

Insperity

JANUARY 2, 2020

It’s no secret that current and prospective employees want their employer to offer a retirement plan. Whether your company is looking for a new retirement plan provider or reviewing your current retirement benefits, the first thing you need to understand is one size does not fit all.

Retirement Plan 65

Retirement Plan 401(k) Payroll Employment 65

HR Digest

MARCH 12, 2025

Financial Incentives Beyond salaries, employers might offer retirement plans (e.g., 401(k) matching), stock options, or performance bonuses. Think medical, dental, and vision insurance, often supplemented by wellness programs like mental health support or fitness stipends.

401(k) 52

401(k) Health Insurance Taxes Retirement Plan 52

HR Lineup

JANUARY 9, 2023

OnPay is a cloud-based payroll and HR solution designed to simplify and streamline the process of managing payroll, benefits, and HR tasks for small to medium-sized businesses. With OnPay, businesses can easily track employee time, process payroll, and manage employee benefits all in one place. Automated Payroll Taxations.

401(k) 130

401(k) Payroll Retirement Plan Health Insurance 130

Money Talk

APRIL 14, 2022

Tax-Deferred Investing - One way to avoid a higher tax bracket is to increase tax-deductible contributions to an employer retirement plan (e.g., 401(k), 403(b), 457, TSP). Payroll tax withholding and/or quarterly estimated payments may need to be adjusted.

Taxes 189

Taxes Family and Medical Leave Act 401(k) Deductible 189

Patriot Software

SEPTEMBER 22, 2022

Are you planning to offer your employees a retirement plan for the first time? Or, are you considering switching from a SIMPLE IRA to 401(k)? Whatever the case, you might have questions about the difference between a 401(k) vs. SIMPLE IRA plan. Read […] READ MORE.

401(k) 52

401(k) Retirement Plan Payroll 52

Business Management Daily

FEBRUARY 18, 2022

The Employee Benefits Security Administration has had an on-again, off-again approach to whether employers can allow 401(k) investment choices to promote social, environmental, or other public policy causes—called economically targeted investments or sometimes environmental, social, or governance investing.

401(k) 59

401(k) Pension Retirement Plan Commissions 59

Genesis HR Solutions

JUNE 21, 2022

When we talk to prospective clients about our PEO’s retirement plans, they’re sometimes skeptical about the value of using them, especially if they already have their own plans in place. They wonder: Is switching to a PEO’s retirement plan worth it? as long as it’s within the plan scope we offer.

Retirement Plan 52

Retirement Plan 401(k) IT Electronics 52

HR Professionals Magazine

JULY 26, 2022

workers currently don’t have access to a retirement plan sponsored by their employer. To bridge this gap, a majority of states have contemplated state-mandated retirement savings plan legislation, and 13 have already signed such programs into law. Key retirement plan differentiators at a glance.

Retirement Plan 52

Retirement Plan 401(k) Employment Deductible 52

HR Digest

MAY 21, 2023

To drive company’s success, benchmark and budget a benefit plan that attracts the skilled employees, is needed to keep the employees performing at their best. Payroll taxes 2. Matching 401(k) contributions 2. Retirement Plans Employers usually offer retirement plans. Overtime pay 3.

Benefits Package 105

Benefits Package 401(k) Employee Benefits Disability Insurance 105

Business Management Daily

JANUARY 20, 2025

The same applies to higher-level employees who typically receive more benefits than regular employees, such as company vehicles and retirement plans. Say that the payroll costs for a salesperson at your organization total $75,000. Here, the distinction between direct and indirect isn’t as clear-cut as it is with labor.

401(k) 52

401(k) Manufacturing Salary Payroll 52

Genesis HR Solutions

SEPTEMBER 22, 2020

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Retirement. 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. (

401(k) 98

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

Business Management Daily

JANUARY 5, 2023

Act of 2022 —90+ provisions focused on 401(k) and other retirement plans. Congress has chosen to pay for it by mandating that plans offering certain 401(k) features, like catch-up contributions, be made on an after-tax, Roth basis. Auto-enrollment plans. 401(k) plans established after Dec.

401(k) 52

401(k) roth 401(k) Taxes Deductible 52

InterWest Insurance Services

DECEMBER 20, 2022

SB 1126 will require any person or entity with at least one employee to either provide them with access to a retirement program like a 401(k) plan or enroll them in the state-run CalSavers program. Also, since July 2022, the CalSaver’s law has applied to employers with five or more workers.

401(k) 98

401(k) Paid Sick Leave Retirement Plan Workers’ Compensation 98

InterWest Insurance Services

MARCH 22, 2022

The deadline is fast approaching for employers with 5 or more workers in California, and who do not already offer their employees a retirement plan, to register their staff for the CalSavers Retirement Savings Program. If you already have a qualified retirement plan for your employees, you do not have to participate.

401(k) 98

401(k) Retirement Plan Employment Deductible 98

Patriot Software

APRIL 6, 2020

Offering employees the opportunity to contribute to a retirement plan is a benefit many for-profit businesses provide. If you run a nonprofit with 501(c)(3) status, you can offer your employees a 403(b) retirement plan. So, what is a 403(b) plan? How does it differ from a typical 401(k) […].

Retirement Plan 52

Retirement Plan 401(k) Software IT 52

Business Management Daily

MAY 9, 2024

Maintaining payroll compliance is a must for accounting departments, but it’s often easier said than done. That’s especially true whenever new changes come about, and 2023 was a year rife with new payroll regulations, trends, and initiatives. not signing up for your 401(k) plan). How does it do that?

Payroll 52

Payroll 401(k) Taxes Retirement Plan 52

Business Management Daily

AUGUST 30, 2023

The law is nothing short of a detailed overhaul of employer retirement savings plans. Sutton of Strategic Retirement Partners (aka “The 401k Lady”) said the new rules came out before employers and the industry were ready. brings to your retirement plans in 2023. since it was signed at the end of 2022.

Retirement Plan 52

Retirement Plan 401(k) Taxes Utilities 52

Insperity

DECEMBER 12, 2012

Offering your employees a retirement plan doesn’t have to be a burden on your budget. The federal government offers tax benefits to help make retirement plans more affordable for small businesses. Here are a couple of ways you can save some money by sponsoring a retirement plan. Receive an income tax credit.

Retirement Plan 40

Retirement Plan 401(k) Taxes Deductible 40

Insperity

MAY 26, 2023

This may include: Health insurance 401(k) retirement plans Healthcare FSA/HSA programs Life/disability insurance 2. This also may include: Payroll processing Tax reporting and deposits Paycheck/paystub prep and delivery Garnishments 3.

401(k) 69

401(k) Disability Insurance Professional Employer Organization Comprehensive Benefits 69

Snell & Wilmer Benefits

MARCH 21, 2024

PLESAs are short-term savings accounts that are established and maintained within a defined contribution plan. The legislative intent of a PLESA is to allow low- and middle-income employees to use payroll deductions to accumulate funds that they can use in the event of an emergency. Employer Matching Contributions on PLESAs.

Pension 52

Pension 401(k) Retirement Plan Employment 52

CorpStrat

JANUARY 17, 2023

The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). 401(k) plans. Transportation fringe benefit plans. Monthly limits for transportation fringe benefit plans. Health flexible spending accounts (FSAs).

401(k) 52

401(k) Employee Benefits Flexible Spending Account Health Savings Account 52

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. Retirement plans.

401(k) 66

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

Snell & Wilmer Benefits

MAY 31, 2024

s increased catch-up contribution limits set to take effect next year, it’s time for 401(k) plan sponsors to brush up on the rules and consider how to administer the changes. Under the current rules, 401(k) plans may allow participants to make catch-up contributions when they are age 50 or older.

401(k) 52

401(k) Payroll Taxes Employee Benefits 52

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. Keeping up with HR-related government compliance can be another tough spot for small business owners and it’s not just about payroll anymore. How a PEO can help.

401(k) 70

401(k) Professional Employer Organization Benefits Package Payroll 70

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

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

Benefits Notes

AUGUST 29, 2023

Act of 2022 (“SECURE 2.0”) required that effective as of January 1, 2024 , participants in 401(k) plans, 403(b) plans, or governmental 457(b) plans, who were age 50 or older and whose Social Security wages for the previous year exceed $145,000 (indexed), only be permitted to make catch-up contributions under such plans on a Roth (after-tax) basis.

401(k) 52

401(k) Retirement Plan Executive Compensation Taxes 52

Genesis HR Solutions

DECEMBER 2, 2021

You get best-in-class retirement benefits (& hands-off administration!). By outsourcing your 401(k) retirement plan to a PEO, you no longer have to deal with the headache of administration and compliance. Instead, your outsourced provider handles all the details, from participant education to 401(k) reporting.

401(k) 52

401(k) Human Resources Retirement Plan Healthcare Benefits 52

Insperity

AUGUST 17, 2023

A professional employer organization, or PEO , is an HR outsourcing option for organizations to help assume the most time-consuming HR task and employer liabilities, such as payroll and benefits. What makes a PEO relationship unique is the contractual allocation and sharing of employer responsibilities.

401(k) 78

401(k) Professional Employer Organization Disability Insurance Retirement Plan 78

PeopleStrategy

DECEMBER 12, 2023

IRS 2024 Retirement Plan Limits No matter how happy your employees are with your company, the majority likely dream of one day retiring. You and others in your HR department can help them prepare for retirement by sharing changed retirement plan limits for the coming year.

401(k) 52

401(k) Overtime Health Savings Account Retirement Plan 52