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Access to comprehensive benefit plans Partnering with a PEO means that your employees can gain access to comprehensive benefit plans that are comparable to those found at large companies. This may include: Health insurance 401(k) retirementplans Healthcare FSA/HSA programs Life/disabilityinsurance 2.
This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirementplans and more. Offer disabilityinsurance for added peace of mind. Make a 401(k) plan available to them.
To learn more about the benefits that PEOs offer for midsize businesses, download Professional employer organization services come to the rescue of midsize businesses. The post How PEOs empower midsize businesses to rise above today’s workforce challenges appeared first on Insperity.
These things have become so commonplace that employees expect them, such as: Health insurance Dental insurance Paid vacation and sick days 401(k) retirementplanDisabilityinsurance Life insurance Workers’ compensation Unemployment insurance.
Many companies provide a basic benefits package that may offer employees access to things like: Health insurance. Dental insurance. Vision insurance. Life insurance. Disabilityinsurance. Retirementplan. For example: Can your company match employee contributions to retirementplans?
The opportunity to set aside pre-tax money for expenses in the future is an area where the HSAs and retirementplans, like 401(k) and 403(b), start to blend together in an employee’s retirement savings strategy. Using HSAs as an Investment Strategy for Retirement. Download PDF Subscribe to the Knowledge Center.
This includes gross wages and extra financial compensation, such as bonuses or commissions, as well as the employer-paid portion of retirementplan contributions, insurance premiums, and paid time off benefits. Learn how to simplify the process: Download The Small Business Guide To Payroll today. Social security tax.
Standard” benefits may include: Health, dental and vision insuranceRetirement savings plan, with a company match Life insuranceDisabilityinsurance Workers’ compensation insurance Paid time off (PTO) – two weeks per year at a minimum, three weeks per year preferred.
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. Disabilityinsurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.
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