article thumbnail

Top 6 ADP alternatives & competitors (in-depth comparison)

Homebase

That’s why you’re looking for HR software that can take some tedious admin tasks off your hands. Perhaps you came across the leading solution, ADP, after a quick Google search. At least now you have a better idea of what you’re looking for — a platform similar to ADP with a few key changes to suit your needs.

article thumbnail

Safe harbor 401(k) vs. traditional 401(k): What’s the difference?

Genesis HR Solutions

A traditional 401(k) plan limits business owners, company officers, and high wage earners, often referred to as highly compensated employees (HCEs) in how much money they can contribute to the plan. Sometimes, the traditional 401(k) plan doesn’t end up providing you the full benefit you’d hoped for. Of those 5 employees, each contributes 4%.

ADP 105
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

401(k) FAQs for accountants and advisors

Guideline

We'll go deep into the nitty gritty of what makes 401(k) plans tick, but you can also brush up on the why and how of 401(k)s in the first two articles: Part 1: Why tax pros should be up to speed on retirement plans. We’ve got most of the answers accountants and advisors need right here! A 401(k) refresher (if you need it).

article thumbnail

HR Software Showdown: Top 10 Tools Every Business Needs

HR Guy

You can also track employee attendance, manage time-off requests, and automate payroll processes. For instance, employees can access their personal information, benefits, and pay stubs online with HR software. They can also request time off, view their work schedule, and receive company events and news notifications.

article thumbnail

401(k) Nondiscrimination Testing: A Simple Guide for Improving Your Results

ForUsAll

No one wants to spend hours trying to decipher complex government legalese when there’s a million other things on your plate. Standard Nondiscrimination Tests: ADP, ACP, and Top Heavy Tests. The government of the United States provides significant tax benefits via the use of 401(k) retirement plans. Why does it matter?

ADP 66
article thumbnail

10 BambooHR alternatives for 2023

Homebase

BambooHR is an industry-leading human resources software solution that lets companies streamline processes like hiring and onboarding, time tracking, payroll, time off management, and performance management. That’s why we have our own tools for onboarding , document storage , and time off management.

article thumbnail

The Best Payroll Software For Small Businesses

TrustRadius HR

The average small business owner spends nearly five hours per pay-period processing payroll (Try saying that five times fast). This gives you most of that five hours back to invest elsewhere in your business. Does the software administer retirement accounts? Does the software administer retirement accounts?