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Importance of Employee Benefit Package And Why it Matters

HR Digest

Matching 401(k) contributions 2. Health care flexible spending accounts 3. Health insurance 2. Dental or vision insurance 4. Considering health care and life insurance 5. Retiree health insurance 6. Some top choices trending today include: 1. Tuition reimbursement 4.

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Flexible Benefit Plans Give Employees More Options

InterWest Insurance Services

Options can include: Health insurance, Voluntary benefits premiums (like vision and dental), Life insurance, 401(k), and. Flexible spending account. Call us for more information on how you can set up a flexible benefit plan for your staff. Flexible spending accounts.

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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. Flexible Spending Account (FSA). Hospital insurance is health insurance for hospital costs. Life Insurance.

401(k) 98
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Leap year! How to handle 27 biweekly payrolls in 2020

Business Management Daily

Best practice: List all benefits and deductions to determine whether they’re impacted: Medical, dental, life, vision, group-term life insurance, long-term disability, dependent care, flexible spending accounts and health savings accounts. In addition, 401(k) nondiscrimination testing may be affected.

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Open enrollment checklist for employers

Business Management Daily

Some benefits to consider adding or expanding are: 401K benefits: If your business is not matching contributions, you may want to look into what competing employers are doing in terms of retirement benefits and whether there is room in the budget to offer some level of matching. The IRS sets annual HSA contribution limits.

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What employees expect from benefits packages

Business Management Daily

Organizations also frequently provide employees with free or low-cost life insurance. Large and small businesses alike benefit from sponsoring plans such as 401(K)s and Simple IRAs. Employers also may want to explore benefit plan additions such as: Flexible Spending Accounts.

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Creating a comprehensive benefits package to attract and retain top talent

PeopleStrategy

These include: Health insurance and related services : These are the bread and butter of contemporary benefits. In addition to meaningful health coverage, it’s wise to have vision and dental insurance as part of this category. Be sure to evaluate whether or not these plan options make sense for your firm.