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Introduction to 401(k)s for small businesses

Business Management Daily

Setting up a 401(k) for employees can be a daunting task for small business owners. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. What is a 401(k)?

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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses can lower overall health care costs.

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Learn from payroll year-end mistakes or repeat them

Business Management Daily

Talking to Accounts Payable, Benefits, HR and the executive compensation committee is vital, but you also need to reach out to all employees: Send reminders to employees about name changes, Social Security numbers, W-4s (especially critical this year-end), beneficiaries, 401(k) information and direct deposit. 3: Use the data.