HR Professionals Magazine

APRIL 4, 2022

It is easy to assume that establishing an API between platforms means seamless, real-time connectivity that will create efficiency in administering your employee benefits and payroll processing while eliminating duplicative data entry challenges. Which data elements are exchanged and in which direction do they flow?

Payroll 52

Payroll Payroll System Deductions Deductible 52

HR Digest

MARCH 28, 2023

A 401(k) plan is a type of retirement account offered by employers to their employees. It allows employees to save a portion of their pre-tax income for retirement. The contributions are deducted from the employee’s paycheck before taxes are withheld, which reduces their taxable income. How does 401(k) work?

401(k) 64

401(k) roth 401(k) Retirement Plan IT 64

Benefit Resource Inc.

OCTOBER 7, 2021

We’ve put together an Open Enrollment timeline in hopes of making the rest of your year just a little less stressful. A solid employee benefits package is crucial for recruiting and retention and has become even more important in the current market — Open Enrollment plays a big part in that. Are you on track?

Employee Enrollments 74

Employee Enrollments Benefits Package Taxes Education 74

HR Professionals Magazine

MAY 4, 2023

By Kisha Moliere It is common to think of benefits administration technology (ben admin) platforms as a tool that only facilitates employee benefits enrollment and transfers benefits eligibility data between carrier and payroll systems. Be mindful that not all decision support tools are created equal.

Technology 52

Technology Utilities Payroll Deductions 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 4, 2023

For ALEs , this relief only applies to the requirement to provide Forms 1095-C (and/or Forms 1095-B if the coverage is self-insured) to non-full-time employees and non-employees enrolled in the self-insured plan. Thus, ALEs will still have to furnish the applicable forms to full-time employees in the traditional manner.

Insurance 105

Insurance Employee Enrollments Taxes Consulting 105

Stratus.HR

OCTOBER 18, 2022

Creating a full wrap document to comply with ERISA (Employee Retirement Income Security Act): 1 hour if digital . Answering employee questions about open enrollment: 1-3 hours . Following-up with outstanding employee enrollments: 1-2 hours . contact-form-7].

Flexible Spending 52

Flexible Spending Flexible Spending Account Health Savings Account Healthcare 52

Flimp Communications

JULY 24, 2020

Employers of all kinds have been shifting their benefits packages to be more flexible and tailored to each employee’s needs for years but, as the pandemic rears its head, flexibility is more important than ever. Employee benefits used to be structured with one thing in mind: saving the company money.

Benefits Package 53

Benefits Package Retirement Plan Healthcare Health Insurance 53

Higginbotham

JULY 12, 2022

Manage enrollment. Because this benefit is provided at no cost to eligible employees, enrollment may be automatic when eligibility requirements are met. Should you offer executive benefit reimbursement plans? To attract top talent, you need to offer top benefits.

Out of Pocket Cost 52

Out of Pocket Cost Flexible Spending Account Medical Deductions 52

Benefit Resource Inc.

NOVEMBER 22, 2019

Employers must clearly explain how employees enroll and begin using the available commuter benefits. Provide documentation of commuter benefits. Employers must provide covered employees with documents outlining the commuter benefits program as part of the employee benefits package or within new hire documentation.

Transportation 40

Transportation Benefits Package Employee Enrollments Utilities 40

Winston Benefits

FEBRUARY 21, 2018

Your employees make a lot of decisions during their work day, but one of the most important decisions they’ll make comes once a year: what to do about their employee benefits.

Life Insurance 45

Life Insurance Employee Enrollments Deductions Deductible 45

Benefit Resource Inc.

DECEMBER 10, 2021

By working to address these things through automation and process improvements, you’ll help employees reduce their workloads – thus, decreasing chance of burnout and turnover. Compensation & Benefits Administration. One of the biggest time sucks for an HR department is payroll and employee benefits. and so much more.

Payroll 40

Payroll Employee Enrollments Deductions Deductible 40

Winston Benefits

MARCH 8, 2018

As you think about the changes you want to make to your employee benefits offerings, now is the time to talk benefits technology too. The first part of the year is a good time to audit what’s working and what’s not, and to go over any feedback you got from employees about the open enrollment process.

Technology 45

Technology Health Savings Account Voluntary Benefits Employee Enrollments 45

Winston Benefits

MAY 15, 2018

Benefits are a crucial part of your company’s compensation package, and could be the reason employees select you over a competitor. However, the benefits enrollment process can be tedious for HR, and both tedious and confusing for employees. Consider enrollment windows as well. Customization.

Technology 45

Technology Employee Enrollments Deductions Deductible 45

Insperity

APRIL 29, 2021

That presents business leaders an ever-present challenge: how to contain the cost of employee benefits. Why benefits costs keep rising – and are more challenging for small- to mid-sized businesses to control. Wondering how to contain the cost of employee benefits? Time and resources. Summing it all up.

Employee Benefits 126

Employee Benefits Health Insurance Benefits Package Insurance 126

Business Management Daily

NOVEMBER 30, 2021

They are a great add-on to a business’ employee benefits package and help employees pay for the expenses that they need to stay healthy and care for their loved ones. However, they also can require careful documentation to ensure that funds were spent on approved expenses.

Retail 52

Retail Healthcare Medical Flexible Spending Account 52

Business Management Daily

SEPTEMBER 27, 2019

Employees with HDHPs more engaged in their care. Employees enrolled in high-deductible health plans are significantly more engaged in their health care than employees who have lower deductibles.

Health Savings Account 40

Health Savings Account Deductions Deductible Flexible Spending Account 40

Flimp Communications

SEPTEMBER 26, 2019

As technology continues to transform open enrollment, employees need a different kind of help when searching for the best healthcare choices for them and their families. Happy employees enrolled in optimal benefits packages save money and boost engagement. From Onboarding to Benefits Training.

Benefits Package 43

Benefits Package Education Employee Enrollments Technology 43

Proskauer's Employee Benefits & Executive Compensa

JANUARY 6, 2022

This relief applies to ALEs, insurers and multiemployer plans as follows: For ALEs : applies to the requirement to provide Forms 1095-C (and/or Forms 1095-B if the coverage is self-insured), but only with respect to non-full-time employees and non-employees enrolled in the self-insured plan.

Electronics 52

Electronics Insurance Employee Enrollments Taxes 52

Corporate Synergies

AUGUST 6, 2018

High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% Unfortunately, many employees aren’t getting the full HSA value. But do they really understand HSA value? in 2011 to 39.3%

401(k) 40

401(k) Health Savings Account Retirement Plan Deductions 40

Insperity

FEBRUARY 12, 2013

Basic systems, called HRIS (Human Resources Information Systems) or HRMS (Human Resources Management Systems) store essential data such as employee, benefits and payroll information. New employee enrollment information. So what is human resources software? Status changes and company employment history.

Human Resources 40

Human Resources Payroll System Payroll Employee Enrollments 40

HR Lineup

OCTOBER 18, 2023

Benefits Administration Software, often referred to as “Benefits Admin Software” or “BAS,” is a specialized technology solution designed to streamline and simplify the management of employee benefits programs. It brings all benefits-related information and processes into a single platform.

Software 79

Software Retirement Plan Health Insurance Payroll 79

InterWest Insurance Services

MARCH 1, 2024

Multiple studies have consistently shown that a robust set of employee benefits is a vital component of an overall compensation package. As a result, many employers are increasingly turning to voluntary employee benefits, which allow them to provide valued, high-demand benefits to employees at little or no cost to the company.

Voluntary Benefits 98

Voluntary Benefits Disability Insurance Deductions Deductible 98

HR Lineup

FEBRUARY 9, 2023

GoCo is a platform that offers a comprehensive suite of employee benefits solutions to businesses of all sizes. One of the key benefits of GoCo is its ease of use. The platform integrates with various HR systems and payroll providers, making the process of benefits administration and tracking seamless for HR departments.

Flexible Spending Account 52

Flexible Spending Account Comprehensive Benefits Retirement Plan Flexible Spending 52

HR Digest

APRIL 2, 2024

Only employees enrolled in the HDHP can benefit from the HSA, making it a more complicated program to follow. HSAs can be funded by both employer and employee. The LSA is free from such regulations and it’s easy to set it up at any time of the year without too many hassles and restrictions on planning.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Medical Flexible Spending 52

WEX Inc.

JULY 20, 2023

More dental and vision Among employers with benefits administration through WEX , 68% of eligible employees enrolled in vision and 77% of eligible employees enrolled in dental. However, not all employees are offered these benefits.

Deductions 75

Deductions Deductible Flexible Spending Account Health Savings Account 75

Total Employee Benefits

DECEMBER 14, 2021

If your Health & Welfare Plan has over 100 employees enrolled in any single benefit, you are already required to file an IRS Form 5500 where both direct and indirect compensation is already disclosed. Has your benefits broker informed you of the new laws around compensation disclosure?

Insurance Carriers 52

Insurance Carriers Health and Welfare Insurance Employee Enrollments 52

Benefit Resource Inc.

AUGUST 13, 2019

According to a recent article from SHRM covering research from the Employees Benefit Research Institute (EBRI), enrollment in an HDHP promotes more conscious health care purchase decisions. For example, 55% of employees enrolled in an HDHP checked whether their health plan would cover their care or medication.

Deductions 45

Deductions Deductible Health Savings Account Employee Enrollments 45

HR Digest

MAY 6, 2024

An HRIS (Human Resources Information System) is a software solution that helps organizations manage and automate core HR processes like payroll, time tracking, and employee benefits administration. Benefits Administration HRIS systems simplify employee benefits enrollment and management through benefits administration features.

Human Resources 52

Human Resources Payroll Software Recruitment 52

Corporate Synergies

JULY 8, 2019

Here are important considerations to guide you in your journey for easier, more streamlined benefits administration : Determine your organization’s needs. If you want to move to a better benefits technology solution, consider why. When figuring out your needs, focus on how your employees consume information and what your HR team needs.

Technology 44

Technology Retirement Plan Software Employee Enrollments 44

Flimp Communications

NOVEMBER 7, 2019

The most successful businesses are those that capitalize on their investments more often than not, and sometimes that’s an investment in new employee benefits or the software used to sign them up for it. For a massive change like a digital transformation, the returns may not be obvious or immediate. A Plan with Too Many Details.

Management 47

Management Health Insurance Employee Enrollments Construction 47

PeopleStrategy

NOVEMBER 12, 2019

Here are a few areas you want to be sure to include on your checklist: Addressing open enrollment and benefit plan participation. Assessing open enrollment and employees’ overall involvement in benefit offerings should be a big part of any year-end HR checklist.

Overtime 56

Overtime Payroll Employee Enrollments Deductions 56