article thumbnail

How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

To do this, the law makes broad changes to the foundation of retirement preparation in the U.S.: employer-sponsored 401(k) plans. All company retirement plans started in 2023 and thereafter must have an automatic enrollment and escalation provision – also known as “ you’re in unless you’re out.” The SECURE 2.0

401(k) 108
article thumbnail

How PEOs empower midsize businesses to rise above today’s workforce challenges

Insperity

One solution is a professional employer organization (PEO) , an HR outsourcing option that performs the most comprehensive set of HR functions. While the business retains control over day-to-day operations, the PEO engages with employees on HR issues and ensures compliance with employment requirements.

401(k) 75
Insiders

Sign Up for our Newsletter

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

article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

In exchange for this benefit, employees give up their right to sue their employer over their work-related injury, regardless of which party is at fault. Retirement plans Employees want to be able to save for retirement and plan for their futures. Internal Revenue Service (IRS) each year.

article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

While you know recruiting and retention is important, you may not be sure if the benefits you offer are a selling point to your potential employees. 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.

401(k) 98
article thumbnail

How HR can give your company’s employee retention strategy a boost

Insperity

It’s also about finding the right cultural fit for your organization. Recruiting professionals on your HR team can help your company: Source candidates who align with both job requirements and organizational values and culture. Ask the right interview questions aimed at determining whether a candidate is the optimal hire.

article thumbnail

7 PEO benefits that can save you money

Insperity

And how would providing your employees with access to big-business benefits improve your recruiting and retention efforts? They are when you outsource your heaviest HR burdens to a professional employer organization (PEO). Retirement plans. Recruiting. These days, recruiting moves at light speed.

401(k) 64
article thumbnail

10 Best Employee Benefits Platforms to look out for in 2023

Vantage Circle

Benefits platforms also allow companies to centralize and automate the administration of employee benefits, such as health insurance, retirement plans, paid time off, and more. Flexibility in Benefits: An employee benefits platform can provide greater flexibility in the benefits employers can offer their employees.