401K benefits are a great way to attract and retain top talent. They can help ensure your employees have a solid financial future, and can also encourage them to contribute more to their retirement accounts. Often, companies will provide a 401K plan with an employer match, or even allow employees to make their own contributions. GNSA recently partnered with Human Interest to allow employers to integrate their 401K plans directly with payroll, so they don’t have to worry about keeping up with the details of employee contribution changes or deduction calculations. This makes 401K administration easier and more cost-effective for employers.
Employee Assistance Program
An Employee Assistance Program, or EAP, offers confidential counseling and referral services for work-related issues such as stress, depression, marital concerns, substance abuse and more. Employers may offer EAPs as part of their employee benefits package, which can be a good way to attract and retain talent.
According to a study commissioned by Arete Human Resources, employees who use an EAP are more productive, have lower costs related to poor work performance and experience higher morale. This benefits the business and its bottom line.
Life insurance can be an important part of your financial plan. It can help you pay off your mortgage, take care of your funeral expenses and ensure that your loved ones are taken care of in the event of your death.
Choosing the right type of life insurance may be the most important decision you make. We can help you compare quotes from the top insurers to find the best deal for you and your family. The best part is that you can do it all online, at your own pace! Get started with a free, no obligation quote today. Our team of experts is here to answer your questions and ensure that you are getting the coverage you deserve.
If you’re sick or injured, disability insurance benefits can help replace your lost income. Without them, you could be left with a significant financial burden.
Guardian, one of the largest disability insurers in the country, offers both long-term and short-term coverage. It also offers a premium waiver in case of unemployment.
Disability claims are often contested, however, and these disputes are based on little more than a medical records review by a consulting physician. Often, these physicians don’t have the same knowledge or experience of the patient as their colleagues who routinely treat that person.
Flexible Spending Account
Flex Spending Accounts, also called FSAs, are employer-paid benefits that allow you to set aside pretax dollars for health and dependent care expenses. They can be used for things like dental and vision care, as well as over-the-counter medications and supplies.
An FSA can save you money and reduce your taxes, but it’s important to know exactly what you’re getting into. You should consult a tax professional before making a decision on how to utilize your flexible spending account.
Generally, these accounts are in the “use it or lose it” category – any money left over at year’s end doesn’t roll over into the next year. However, new regulations are now allowing employees to carry over up to $610 of their previous year’s FSA unused balance into the following year.