InterWest Insurance Services

MARCH 7, 2024

If you have staff with health savings accounts, they still have until April 15 to make additional contributions to their accounts if they want to reduce their tax bills for last year. HSAs allow your employees to put away funds to pay for future medical expenses. Withdrawals to reimburse for these expenses are also not taxed.

401(k) 98

401(k) Health Savings Account Pharmaceutical Deductible 98

InterWest Insurance Services

NOVEMBER 10, 2022

One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of. These accounts can be kept for life and transferred to new employers.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

HR Digest

MARCH 28, 2023

It allows employees to save a portion of their pre-tax income for retirement. Here’s how it works: When an employee enrolls in a 401(k) plan, they choose a percentage of their salary to contribute to the plan, up to a certain limit set by the Internal Revenue Service (IRS). How does 401(k) work?

401(k) 64

401(k) roth 401(k) Retirement Plan IT 64

Business Management Daily

SEPTEMBER 3, 2021

Most HRIS systems deal with tracking time and labor management (including PTO and attendance), payroll /taxes, benefits administration (and selections), employee demographic information, applicant tracking, onboarding, performance management , and more. It may be time to rethink how much you pay remote employees.

Payroll 90

Payroll Work From Home PTO Software 90

Higginbotham

JULY 12, 2022

This means that employees are not allowed to contribute, and these accounts cannot be funded via employee salary reductions under a cafeteria plan. HSAs: These accounts are owned by the employee; so the employee can keep the account when switching jobs or retiring. Manage enrollment.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductible 52

Hppy

AUGUST 19, 2016

Getting a good job with a decent salary are no longer the parameters for a successful career, employees are aiming at upgrading their skills for better job prospects or posts in the same organisation. Also, a team of talented and professionally equipped employees are easier to work with and thus an asset for the organisation.

Education 47

Education Employee Enrollments Finance Taxes 47

PeopleStrategy

NOVEMBER 12, 2019

Assessing open enrollment and employees’ overall involvement in benefit offerings should be a big part of any year-end HR checklist. Obviously you and the providers you select for your benefit offerings need to know how many employees enroll in each plan. Payroll compliance checks.

Overtime 56

Overtime Payroll Employee Enrollments Deductible 56