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Insurance Benefits
As a small business in today's aggressive market, it is important to
have a competitive advantage. Offering Health, Dental, Life
Insurance and Disability insurance add value to employee loyalty and longevity.
Numerous benefit plans including health insurance, dental
insurance, life insurance, and disability insurance are available for your employees. You
can also provide employees with significant tax savings using a
Section 125 Plan.
Automatic payroll deductions and/or employer paid billing is
automatic on a weekly basis providing accurate data and billing
transfers to insurance carriers.
Retirement Plan
Various
retirement plans customized for businesses of any size are
available. We help coordinate the set up and implementation of the
plan. We also handle all the record keeping and payments for your
plan.
Some
retirement plans are tax deferred, the taxable income can be lowered
and less money would be paid in income taxes. Depending on the plan
selected, employers have the option of whether to provide employer
contributions.
Our
technology has the ability to calculate contributions on an employee
deduction basis on a flat amount, per table basis, or a percentage
basis. We can also calculate the employer contribution.
Cafeteria Plans
If your employees pay a portion of their group insurance
premiums, a tax savings "Section 125 Cafeteria Plan" can
be established where your employee's portion of insurance premiums
are paid through pretax salary reduction contributions. This plan
will increase your employee's take-home pay and reduce your payroll
taxes.
Section 125 code legal requirements are handled by us, which
includes -
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The Plan Document
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The Summary Plan Description
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Employee Enrollments
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Department of Labor Filings
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Employee Deduction Set Up
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Nondiscrimination Testing
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Preparation of Form 5500
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