benefits

Tag: benefits

SHRM calls ICHRA the 401K for Group Health Benefits

Fed-up with group health insurance? ICHRA is the new way to offer great health benefits and avoid ACA penalties, SHRM calls it the 401K for group health benefits.  In 2020 the Department of Labor, HHS and IRS changed the rules for employer health benefits. They changed the Affordable Care Act mandates and penalties for every

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Remuneration Definition

See Also: Pension Plans Cafeteria Plan How to compensate sales staff Passive Income Electronic Funds Transfer (EFT) Remuneration Definition We can define remunerations as compensation for employment services. Remuneration can include hourly wages, fringe benefits, salary compensations, and other forms of compensation such as stock options and cash bonuses. Strategies differ across industries and companies.

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Pension Plans

See Also: How to compensate sales staff Cafeteria Plan Keogh Plan Individual Retirement Account (IRA) 401k Revocable Trust Pension Plans Pension plans are often a key component of your employee’s benefits package from their perspective. But they can be costly for you. Basically there are two types of pension plans: Defined benefit Defined contribution Let’s

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Cafeteria Plan

See Also: Employee Stock Ownership Plan Evaluating and Renewing Employee Health Insurance Plan Insulate Your Company from Rising Health Insurance Costs How to Hire New Employees How to Run an Effective Meeting Cafeteria Plan Definition The cafeteria plan definition is a flexible employee benefit plan that allows employees to choose from a selection of fringe

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401k

See Also: Pension Plans How to select a PEO Gross Up Payroll Accounting Keogh Plan W2 Form 401k Account Definition A 401k plan is a retirement plan that allows employees to contribute pre-tax earnings to a group company account. The 401k account or the funds in the account are invested for the employees in stocks,

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Taxes Drive Behavior!

Taxes Drive Behavior Example Taxes drive behavior in business! In 1839, a new design of sailing ship, the Scottish Maid, was launched in Aberdeen, Scotland. The Scottish Maid was the first British clipper ship designed to take advantage of the tonnage regulations imposed by Britain in 1836. The new regulations measured the depth and breadth

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Insulate Your Company from Rising Health Insurance Costs

Refer to the following wiki about how to insulate your company from rising health insurance costs: Insulate Your Company from Rising Health Insurance Costs “How many times have your employees — or even potential employees — expressed concerns about the cost of the health insurance that your small business provide? It’s an employee concern that

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