Remove 401(k) Remove Employment Remove Flexible Spending Remove Professional Employer Organization
article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

At the end of this article, we’ll explain how a professional employer organization (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 retirement plans.

401(k) 98
article thumbnail

31 HR Acronyms Explained

Genesis HR Solutions

For employers and employees, there are myriad HR terms to know and understand. 1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( Which ones did I miss?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

5 steps to more financially stable employees

Insperity

This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more. Make a 401(k) plan available to them. Also, offer an employer match, if possible, on a percentage of their pay.

401(k) 72
article thumbnail

How to find the best PEO for small businesses: 5 Non-Negotiables

Genesis HR Solutions

It must be a Certified Professional Employment Organization (CPEO). As of 2017, professional employment organizations are eligible to become certified through the IRS (thus Certified PEOs). 401(k) Options. Flexible Spending Programs. It is an ESAC-accredited PEO. Life/AD&D.

401(k) 40
article thumbnail

4 Health Insurance Options For Small Business Owners

Genesis HR Solutions

As one of the most expensive aspects of running a small business, health insurance is top of mind for many employers. Look at this eye-popping stat: 56% of people with employer-sponsored health benefits said that whether or not they like their health coverage is a key factor in deciding to stay at their current job. Find out more here.

article thumbnail

Health Care Reform: How a PEO Can Put Your Mind at Ease

Insperity

If you’d rather focus on the core functions of your business, a relationship with an HR outsourcing company – more specifically, a professional employer organization (PEO) – can help with the complexity, compliance and cost brought on by health care reform. flexible spending accounts, life and disability insurance).

401(k) 40
article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

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. 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. Internal Revenue Service (IRS) each year.