Business Management Daily

DECEMBER 1, 2019

This avoids the problem, but many payroll systems aren’t set up to deal with these fractions. 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.

Payroll 83

Payroll 401(k) Deductions Deductible 83

Business Management Daily

SEPTEMBER 25, 2020

If your payroll system masks SSNs, unmask them so employees can confirm them. Review the holiday processing schedule and remind managers of the dates employees’ time sheets are due to Payroll. Identify new outsiders, such as third-party 401(k) plan administrators or third-party payers of sick pay, with whom you’ll be working.

Payroll 40

Payroll 401(k) Taxes Deductions 40

Genesis HR Solutions

APRIL 23, 2020

Types of benefits include: Health and welfare benefits: Typically medical, dental, vision, disability, and life insurance products. Pre-tax savings plans can also be included here, as well as ancillary benefits like accident, illness, and pet insurance. Retirement benefits: 401(k), 403(b), 457(b) retirement plans and IRAs.

Health and Welfare 52

Health and Welfare Electronics 401(k) PTO 52