Remove Health Savings Account Remove Payroll Remove roth 401(k)
article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. Health Savings Account (HSA). There is risk involved in sponsoring a 401(k) Plan— we discuss this in detail in this article. Making sure payroll deductions are correct.

401(k) 98
article thumbnail

9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

The premiums paid by employees for employer-sponsored health insurance are typically exempt from income and payroll taxes. Additionally, employers can deduct the cost of providing health insurance as a business expense. Additionally, Roth retirement accounts offer unique tax advantages.