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Importance of Employee Benefit Package And Why it Matters

HR Digest

Create a plan to review the employee benefits package routinely Business Owner and Manager together can design employer benefits package as it is key to attracting and retaining top talent. Matching 401(k) contributions 2. Health care flexible spending accounts 3. Dental or vision insurance 4.

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Tips for the Early Plan Year

Benefit Resource Inc.

From flexible spending accounts (FSAs) to health savings accounts (HSAs) and commuter benefits, these options offer significant advantages if managed wisely. Know Your Pre-Tax Benefit Options Flexible spending accounts (FSAs): An FSA allows you to set aside pre-tax dollars for eligible healthcare expenses.

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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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Beyond health insurance: Innovative employee benefits that attract and retain talent

Higginbotham

To stay ahead in the talent acquisition game, business owners and managers must consider innovative employee benefits that go beyond the basics. Basic Benefit Packages are No Longer Competitive Not long ago, a more competitive benefits package might have included health insurance and a 401(k) plan , plus dental and vision insurance.

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Which solution(s) should I choose? Comparing FSAs, HSAs and HRAs

Benefit Resource Inc.

” In the case of pre-tax benefits, we like to say “There’s a plan for that” Regardless of your benefits problem, by comparing Flexible Spending Accounts, Health Savings Accounts and Health Reimbursement Accounts, you can find the right plan to fit your needs. Recommendation: Medical Flexible Spending Account.

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

Genesis HR Solutions

We also offer the following: Group Health, Dental, and Vision. 401(k) Options. Flexible Spending Programs. PEO services for small businesses should include a technology platform that provides appropriate features and is easy to use for clients, employees, and managers. Life/AD&D. Health Savings Account.

401(k) 40
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What employees expect from benefits packages

Business Management Daily

Dental insurance and vision insurance. A survey shows that many employers are increasing the amount they spend on telemedicine. 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.