Remove 401(k) Remove Deductions Remove Flexible Spending Remove Take Home Pay
article thumbnail

Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Employers fund these flexible benefit plans with funds that are deducted from their employees’ salaries on a pre-tax basis. Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexible spending account. Flexible spending accounts.

article thumbnail

9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

tax free benefits are those that provide financial advantages for both employees and employers by avoiding certain taxes and deductions. Non taxable employee benefits refer to various perks and incentives provided by employers that are exempt from certain taxes and deductions.

article thumbnail

Understanding the cost of employee benefits & what it means for your company

Genesis HR Solutions

Tax-preferred plans: Health flexible spending accounts, health savings accounts, health reimbursement accounts, transportation accounts, and more. 401(k) and retirement plans. Deductions must be set up in payroll and carrier invoices must be paid each month. Common Employee Benefits.