article thumbnail

Introduction to 401(k)s for small businesses

Business Management Daily

What is a 401(k)? 401(k)s are one of the most popular employer-sponsored retirement benefit options. With a 401(k), employees can elect to have a percentage of each paycheck deposited directly into an investment account. Do employers have to offer a 401(k) to employees?

401(k) 52
article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.

401(k) 98
article thumbnail

Learn from payroll year-end mistakes or repeat them

Business Management Daily

HR: employee awards and prizes, including the value of gift cards, income from qualified equity grants and aggregate deferrals related to qualified equity grants as of the close of the calendar year.