This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
The good news: There’s help out there – it’s called a professionalemployerorganization (PEO). These organizations can work with your company to provide comprehensive and affordable payroll, benefits and human resource services through a business-to-business relationship called “co-employment.
This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexiblespendingaccounts, retirementplans and more. Promote the money-saving value of a flexiblespendingaccount.
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.
Use an HR outsourcing company (such as a PEO or ProfessionalEmployerOrganization). With PEOs, you get a whole suite of HR services , and your employees will get access to a variety of health insurance options, often through a group health plan sponsored by the PEO.
Insurance types: Medical, dental, vision, disability, and life insurance plans. Tax-preferred plans: Health flexiblespendingaccounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. 401(k) and retirementplans. Considering a PEO?
Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirementplans, paid time off, and more. Flexibility in Benefits: An employee benefits platform can provide greater flexibility in the benefits employers can offer their employees.
For example, some employers are adopting health plans that cover, or at least provide some reimbursement for, reproductive health. Add health savings accounts and flexiblespendingaccounts. Ask your provider if it’s possible to design plans for unique situations and goals.
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, life insurance, disability insurance, and retirementplans.
1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. TurboTax ) 401(k): Retirementplans named for the section of the tax code that governs them. ( TurboTax ) 401(k): Retirementplans named for the section of the tax code that governs them. (
In exchange for this benefit, employees give up their right to sue their employer over their work-related injury, regardless of which party is at fault. Retirementplans Employees want to be able to save for retirement and plan for their futures. Internal Revenue Service (IRS) each year.
. - peoplekeep.com Unlocking Tax Advantages Many employee benefits offer tax advantages for both employers and employees. For instance, contributions to health insurance premiums and retirementplans can be tax-deductible for employers, while employees may receive these benefits tax-free.
We organize all of the trending information in your field so you don't have to. Join 46,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content