article thumbnail

Introduction to 401(k)s for small businesses

Business Management Daily

Most small businesses start with health insurance as the main facet of their benefits plan , but as you grow it’s a good idea to expand to include retirement, dental, vision, life insurance, and other major offerings. Roth 401(k). A Roth 401(k) is another option with different tax implications.

401(k) 52
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. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Dental Insurance. Vision Insurance.

401(k) 98
Insiders

Sign Up for our Newsletter

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

article thumbnail

Learn from payroll year-end mistakes or repeat them

Business Management Daily

life and disability insurance) are processed before W-2s are processed. Calculate car allowances, insurance costs, etc. 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.

article thumbnail

9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

They can range from health insurance coverage to retirement plans, flexible spending accounts, transportation benefits, education assistance, and more. Health insurance benefits Employer-provided health insurance is a widely offered benefit that often comes with tax advantages. Let's explore some of the most common ones: 1.

article thumbnail

How Employee Perks Can Help Companies in the US

Vantage Circle

Healthcare Benefits: Comprehensive medical, dental, and vision insurance plans The healthcare benefits in the United States are undeniably one of employees' most critical and sought-after perks. Comprehensive medical, dental, and vision insurance plans offer peace of mind. percent and 36.1 percent, respectively. job market.