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4 considerations when choosing employee benefits for the first time

WEX Inc.

To take advantage of an HSA, you need to participate in an HSA-eligible health plan (or high-deductible health plan). HSA-eligible health plans typically have lower premiums but higher deductibles. Assess your ability to cover the deductible before choosing this plan.

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What Are Fringe Benefits and Are They Taxable?

HR Digest

Something as serious as retirement planning assistance could just as soon be a benefit as providing a gym membership for employees who want to work out. 401(k) as a Fringe Benefit The very popular 401(k) is also a fringe benefit as employers can choose to assist employees with their retirement planning.

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What Are fringe benefits? Options, taxability, and other considerations.

Business Management Daily

Fringe benefits can include: Cash bonuses Extra vacation time Paternity leave or extended maternity leave On-site amenities Childcare Wellness plans Retirement planning services Monthly stipends for work expenses Unless they’re working in a highly competitive field, most employees expect employers to offer fringe benefits , at least on some level.

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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. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Life Insurance.

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What You Need To Know About Employee Reimbursement

Genesis HR Solutions

The accountable reimbursement plan also sets out how to refund the company any excess advances within a reasonable period (no more than 120 days from the date of incurring or paying the expense); no advances can be made more than 30 days prior to the time of the expense. What are reimbursable expenses?

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Understanding Taxable Benefits In A Quick and Easy Way

Vantage Circle

Group life insurance premiums provided to employees over $50,000. Group-term life insurance coverage. Retirement planning services. Transportation (commuting) benefits. Most taxable benefits are subject to Canada Pension Plan, Employment Insurance, and income tax deductions.

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Total compensation package examples

Higginbotham

Retirement Plans. Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.). Various Perks (Gym Membership, Transportation Benefits, etc.). Commissions. Employee Assistance Programs (EAPs).

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