article thumbnail

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)?

401(k) 52
article thumbnail

Form W-2 Box 1: A Guide for Navigating Through Confusing Discrepancies

Patriot Software

Employer contributions for qualified long-term care services, if coverage is provided by an FSA. Taxable cost of group-term life insurance in excess of $50,000. Insurance protection under a compensatory split-dollar life insurance arrangement. Employee and employer contributions to an Archer MSA.

article thumbnail

An in-Depth analysis of the Best HR software solutions and how to pick one

Business Management Daily

Benefits that it offers include: Medical and dental coverage Vision insurance Life insurance 401(k) plans Commuter benefits Access to health advocacy services On-demand primary care Fertility services Family-building services As you can see, Justworks offers some unique employer benefits that you won’t find on other programs.