HR Professionals Magazine

JULY 26, 2022

Before we jump into another exhilarating talk around 401(k) legislation (please sense my sarcasm), I want you to take a few seconds and ask yourself why it all truly matters. Sure, 401(k)s are an incredibly important part of a company’s total benefits package. By Jim Trujillo. I can tell you; it is not a pretty sight.

401(k) 52

401(k) Benefits Package Retirement Plan Government 52

Vantage Circle

NOVEMBER 23, 2023

Retirement Plans: Such as 401(k) plans with employer matching contributions Retirement plans, especially 401(k) plans with employer matching contributions, are paramount among employee perks in the United States. A 401(k) is a tax-advantaged retirement savings program provided by employers.

Family and Medical Leave Act 65

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 65

WEX Inc.

FEBRUARY 23, 2023

Add dependents Your HSA or FSA may cover your dependents’ costs if the dependents are claimed on your tax return. For HSAs, it's tax dependents and spouses. Because an HSA is a “savings” account, you’ll want to designate a beneficiary (or beneficiaries), just as you would with a 401(k) or other retirement-planning accounts.

Flexible Spending Account 98

Flexible Spending Account 401(k) Health Savings Account Banking 98

Benefit Resource Inc.

NOVEMBER 29, 2023

You might plan for retirement by contributing to a 401k plan. You have a healthy retirement plan with a 401K, but lack options for comprehensive group medical benefits. There is no requirement to use HSA funds at the time you incur a medical expense, but that expense is still eligible for a tax-free reimbursement.

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

HR Professionals Magazine

SEPTEMBER 2, 2021

As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide. At its most basic level, a 401(k) plan allows employees to save for their personal retirement needs.

Retirement Plan 52

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

Money Talk

JUNE 24, 2021

Replenish Retirement Accounts - Consult with your employer HR department or plan custodian about steps to repay what you borrowed from a tax-deferred employer retirement savings plan such as a 401(k) or 403(b) plan. Like emergency fund replenishment, this will likely be done in a series of small steps.

401(k) 100

401(k) Finance Entertainment Pension 100

AssuredPartners

AUGUST 26, 2021

One major component of the CAA is focused on enhancing the compensation disclosure rules for group health plans, individual brokers, and consultants. 401(k) plans). Prohibited transactions give rise to potential excise taxes and other fiduciary enforcement action.

401(k) 75

401(k) Retirement Plan Commissions Consulting 75

Vantage Circle

SEPTEMBER 23, 2023

Stershic, Workplace Consultant. 401(k) Plans A 401(k) plan allows the employees to defer some of their salary. In this case, their deferred money goes into a 401(k) plan sponsored by their employer. This deferred money generally is not taxed until it is distributed. " - Sybil F.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits 401(k) Employment 59

Health Consultants Group

APRIL 1, 2021

Even if you’re not quite back to business as usual, it’s tax time, and the IRS expects you to be ready. If you allowed your employees to access emergency distributions, rollovers, and loans, they must address those funds in their 2020 tax returns. The rules expanded distribution options and waived certain taxes and other requirements.

Retirement Plan 52

Retirement Plan 401(k) Taxes Pension 52

Insperity

FEBRUARY 13, 2018

Make a 401(k) plan available to them. When you offer a 401(k) plan, your employees will feel more assured about their future. They’ll have even more money at retirement thanks to your company, plus you’ll receive a tax benefit. Everybody wins.

401(k) 72

401(k) Disability Insurance Flexible Spending Account Deductions 72

Insperity

OCTOBER 2, 2018

When federal tax reform happens, it makes headlines across all media, with the news of sweeping tax changes and how they impact businesses and individuals. Our nation’s first major tax reform in more than 30 years has spurred many business owners to spend hours with their CPAs and tax consultants over the past few months.

Taxes 70

Taxes 401(k) Payroll Professional Employer Organization 70

Empuls

JULY 11, 2023

Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. In this blog, we will discuss tax free or non taxable employee benefits. In this blog, we will discuss tax free or non taxable employee benefits.

Employee Benefits 40

Employee Benefits Flexible Spending Account roth 401(k) 401(k) 40

Insperity

MARCH 12, 2024

In a 401(k) plan, the most common type of retirement plan, employees can save up to a certain amount set by the U.S. An HSA is a savings account into which employees who are enrolled in high-deductible health plans (HDHPs) can transfer funds to help cover eligible medical expenses tax-free. According to the U.S.

Family and Medical Leave Act 57

Family and Medical Leave Act Employee Benefits PTO 401(k) 57

AssuredPartners

DECEMBER 8, 2021

There was a time when a modest 401(k) match and employer-sponsored healthcare was considered an attractive benefits package. According to a recent Morning Consult survey , 78% of workers would be more likely to apply for a position that offered a remote work option. Family planning.

401(k) 75

401(k) Benefits Package Taxes Healthcare 75

Vantage Circle

SEPTEMBER 16, 2021

According to the Employee Ownership Foundation , an Employee Stock Ownership Plan (ESOP) is a tax-qualified retirement plan authorized and encouraged by federal tax and pension laws. ESOP plans provide tax advantages to both the company and the employees. SARs do not have the same tax benefits as other ESOPs.

401(k) 52

401(k) Employee Stock Option Profit Sharing Plan Taxes 52

Insperity

DECEMBER 12, 2012

The federal government offers tax benefits to help make retirement plans more affordable for small businesses. Receive an income tax credit. The credit may be claimed for up to $500 of qualified costs you incur in each of three years, starting in the tax year when the plan becomes effective. Deduct your employer contributions.

Retirement Plan 40

Retirement Plan 401(k) Taxes Deductions 40

Insperity

JUNE 26, 2018

Will you match the employee’s contribution up to a certain amount annually, much like a 401(k) company match ? Congress is considering legislation that would make such benefits tax-free, the same as tuition reimbursement. How much will you offer? Some companies offer as little as $50 a month, while others offer $5,000 a year.

401(k) 61

401(k) Benefits Package Taxes Banking 61

Genesis HR Solutions

JUNE 17, 2021

Schedule a free, no-obligation consultation now. Selecting taxes and benefits enrollment. 401(k) enrollment. Federal and state payroll and payroll tax administration on behalf of both employee and employer. Employer taxes. These scenarios are exactly why PEOs like GenesisHR exist. Writing job descriptions.

401(k) 52

401(k) Payroll Payroll Service Taxes 52

Insperity

MARCH 15, 2018

You need to calculate the payroll every pay period, and figure out federal, state and local taxes and pay them on time. You also need to track voluntary deductions like health insurance and 401(k) contributions, prepare and file quarterly reports, and process w-2s at the end of the year. Compliance risks.

Payroll 66

Payroll 401(k) Professional Employer Organization Taxes 66

Genesis HR Solutions

JUNE 27, 2022

Tax-preferred plans; FSA Health, DCAP, Commuter, HSA, HRA. 401k plan administration (if adopting sponsored plan). Payroll tax filings. Consult your local chamber of commerce. Health, dental, and vision plan options. Life and disability plan options. Employee eligibility compliance. HR technology and employee self-service.

Human Resources 52

Human Resources 401(k) Professional Employer Organization Payroll 52

Empuls

SEPTEMBER 25, 2023

Changes to tax laws affecting employee benefits Tax laws are always in a state of flux, and this is no less true when it comes to those affecting employee benefits. Recent changes have modified the guidelines concerning pre-tax contributions to various benefits packages , such as 401(k)s and Health Savings Accounts (HSAs).

Family and Medical Leave Act 40

Family and Medical Leave Act Overtime 401(k) Benefits Package 40

Higginbotham

SEPTEMBER 15, 2023

Q&A sessions with an AI chatbot can help employees evaluate the value and relevance of 401(k) plans , health savings accounts , insurance coverage options and tax situations. The AI-powered recommendation engine can generate overall plans as well as assessments of specific situations.

Human Resources 52

Human Resources 401(k) Outsourcing Payroll Recruitment 52

Insperity

FEBRUARY 3, 2011

Others, such as 401(k)s, are less expensive to set up and don’t always require employer contributions. 401(k) is the most well-known retirement plan available to any business. This plan allows employees to add up to $16,500 a year to their account and defer taxes on that income until they withdraw the funds.

Retirement Plan 40

Retirement Plan 401(k) Employment Profit Sharing Plan 40

Genesis HR Solutions

NOVEMBER 20, 2018

Payroll tax compliance. In addition to the insurance benefits listed above, Genesis offers the following: 401(k) options. A PEO partner should also manage payroll and taxes, and ensure your payroll taxes are deposited and filed accurately and on time. State unemployment insurance tax account (SUTA) management.

Human Resources 40

Human Resources Health Insurance 401(k) Benefits Package 40

Workers' Compensation Perspectives

OCTOBER 29, 2019

is a business analyst working for a consulting and staffing firm for the last three years. The formula for calculating net or spendable earnings may vary but is generally considered as Gross earnings less income taxes (state/federal/provincial) and other mandatory deductions. She has a bachelor’s degree and is in her late 20s.

Workers’ Compensation 52

Workers’ Compensation Salary Insurance Commissions 52

UpstartHR

JULY 13, 2015

My current role is President and CEO of PZI International Consulting, Inc, where I helps clients effectively and legally expand their talent into global marketplaces. They wanted to grow the program internally and focus on more than the tax/payroll piece of the IHR program. Ben: How did you end up working in an international HR role?

Management 86

Management 401(k) Human Resources Consulting 86

Empuls

OCTOBER 4, 2021

Supplementary Pay – Usually left to the company’s discretion, supplementary pay includes stock options, 401 (k) plans, bonuses, tips, etc. You can usually gauge how employee-centric an organization is by looking at its benefits package.

Bonuses 52

Bonuses Paid Leave Salary Benefits Package 52

Vantage Circle

JANUARY 9, 2024

It saves the time needed to move from one module to another and since the system talks to each other pretty well, getting data is also seamless…” (Source: G2 ) “It is a performance management, benefits administration , and core HR tool that tracks your tax documents and payroll/benefits. Paycor is a must have software.

Software 65

Software Payroll Global Payroll Human Resources 65