What’s a 529 Plan? Can I Offer a 529 Plan as an Employee Benefit?
A 529 plan, also known as a “qualified tuition program,” is a way to save for college that has some nice tax benefits. The IRS defines…
What Are Voluntary Benefits?
Voluntary benefits are products and services that are offered by employers but paid for mostly or 100% by employees via payroll deductions. This is in contrast…
What Are Floating Holidays?
Floating holidays are paid holidays you give to your employees, but they aren’t tied to specific dates like federal holidays are. Typically, employees can use floating…
What Types of Small Business Retirement Plans Are There?
Offering a small business retirement plan for your employees can not only decrease your tax burden, it can also increase employee happiness and retention rates. 71%…
What is a 401(k)?
A 401(k) plan is a tax-deferred savings plan for retirement. Contributions are deducted from an employee's gross pay and put into a 401(k) account. The maximum contribution…
What Is the Difference Between a Roth 401(k) and a Roth IRA?
Roth 401(k) A Roth 401(k) is a retirement savings plan set up by an employer for qualified employees. Contributions are deducted from an employee's check post-tax,…
What Is the Difference Between Short-Term and Long-Term Disability Insurance?
Short-term disability insurance (STD) STD insurance is insurance that pays you a portion of your income for a short period of time after you run out…