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What is an eligible employee (EE)?

PeopleKeep

There are often different eligibility requirements for employee benefits like health insurance , retirement plans, and paid time off (PTO). Employers and employees need to have a clear understanding of what constitutes an eligible employee and the requirements to qualify for specific benefits.

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The 4 Best Benefits in 2024, According to Employees

Best Money Moves

Paid time off PTO allows employees to take breaks from their busy schedules and recharge. Pension and retirement plans The same Forbes Advisor study found that 34% of employees and 34% of employers agree that retirement plans are a vital part of a company’s benefits strategy.

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Examples of fringe benefits by category

Business Management Daily

Fringe benefits generally cover needs such as: Health and wellness Retirement planning Time off and vacation Financial offerings Work-life balance Company-sponsored fixtures and events Professional development Let’s take a look at what’s included in each category. However, there are a few categories into which they usually fall.

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2024 Employee Benefits Trends: Focus on Employee Wellbeing

Best Money Moves

Expanded opportunities for PTO Employee expectations for time out of office are moving far beyond standard PTO. Inclusive PTO policies help destigmatize mental health-related absences and can help protect employees from losing pay when faced with unexpected circumstances.

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Year-End Payroll Doesn’t Have to Be a Mess

CorpStrat

Sick pay PTO payout. Maximums for retirement plans. Get retirement plan discussions out of the way early. Many of them may want to take salaries in order to max out retirement plans opportunities. There is a host of issues you want to consider before year end including but not limited to: Bonuses.

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M&A in your future? You need an Employee Benefits Audit.

CorpStrat

Are your retirement plan programs in full compliance with ERISA and fiduciary responsibilities including filings of all required tax reporting? Do you know who the fiduciary on your plan is? Review all HR documents, time keeping systems, PTO , OT, etc and ensure the are all in compliance and up to date.

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Tips to refine your OE communication strategy and availability

WEX Inc.

Employees are often more focused on frequently used benefits such as vacation and paid off policies (PTO) rather than insurance, voluntary benefits and retirement plans. Benefits are also not top of mind for many employees. However, they’re most likely not communicated any differently than other benefit offerings.