article thumbnail

31 HR Acronyms Explained

Genesis HR Solutions

This cheat sheet explains several common human resource acronyms. TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( This cheat sheet explains several common human resource acronyms. For employers and employees, there are myriad HR terms to know and understand.

article thumbnail

Reconsidering your employee benefits priorities

Health Consultants Group

The Society for Human Resource Management, a national human resources employee organization, asks this question each year. Flexible work options. Employees still want traditional options such as retirement plans, educational assistance, and health insurance. Cafeteria Plan benefits often include.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Employee Benefit Plan Limit for 2023

CorpStrat

The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). Health flexible spending accounts (FSAs). 401(k) plans. Transportation fringe benefit plans. LINKS AND RESOURCES. Catch-up contributions to an HSA.

401(k) 52
article thumbnail

Proliant

HR Lineup

At the core of Proliant’s offerings is their cloud-based HCM platform, which provides a centralized hub for managing various aspects of human resources, time and attendance, payroll, and benefits administration. Additionally, Proliant’s HCM platform includes comprehensive benefits administration capabilities.

article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Retirement plans Employees want to be able to save for retirement and plan for their futures. In a 401(k) plan, the most common type of retirement plan, employees can save up to a certain amount set by the U.S. It also gives you time to plan your enrollment process and avoid any potential issues.

article thumbnail

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. Flexible Spending Account (FSA). Retirement. 401(k) & 403(b) Retirement Plans. 16+ types of employee benefits you should consider. Medical Insurance.

401(k) 98
article thumbnail

Benefit Elect

HR Lineup

It allows employees to explore and select their desired benefits packages from a wide range of options, including health insurance, retirement plans, flexible spending accounts, and more. One of the key features of Benefit Elect is its robust benefits enrollment system.