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What Is a Highly Compensated Employee?

Patriot Software

If your company offers retirement plan options, you have to ensure each employee can benefit equally from the plan. To do this, you must consider who is a highly compensated employee (HCE). Not familiar with highly compensated employees?

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How Do 3401(a) Wages Work?

Patriot Software

If you offer retirement plans, it’s time for your crash course. The 3401(a) compensation definition […] READ MORE. As an employer, you’re probably familiar with W-2 wages and how they work. But, have you ever heard of 3401(a) wages? Get the lowdown on what 3401(a) wages are, how they work, and other 3401(a)-specific rules.

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Form W-2 Box 1: A Guide for Navigating Through Confusing Discrepancies

Patriot Software

Box 1—wages, tips, other compensation—contains an employee’s total wages subject to federal income tax. Per the IRS , list the following taxable wages, tips, and other compensation in Box 1: Total wages, bonuses, prizes, and awards you paid an employee. All other compensation (e.g., So, what is Box 1? Noncash payments.

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Payroll Software Pricing in 2022

TrustRadius HR

These benefits include health plans, retirement plans, and other savings funds. Many packages include retirement plans like 401(k). The vendor may partner with licensed advisors to provide financial and retirement planning. The vendor may partner with licensed advisors to provide financial and retirement planning.

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What to Include in an Employee Handbook

Patriot Software

You might include information about health care, retirement funds, workers’ compensation , disability insurance, or employee discounts. List small business employee benefits in your handbook so employees know and understand what benefits are available to them. Discipline. You should have rules in place to fairly discipline employees.

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The Best Payroll Software For Small Businesses

TrustRadius HR

Benefits Plans and Administration: Important questions include: Does the software package include this? Does the software administer retirement accounts? Does the vendor or an associated company provide retirement advice? Are there any other benefits or insurance packages that the software administers?

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Payroll Software Pricing in 2022

TrustRadius HR

These benefits include health plans, retirement plans, and other savings funds. Many packages include retirement plans like 401(k). The vendor may partner with licensed advisors to provide financial and retirement planning. The vendor may partner with licensed advisors to provide financial and retirement planning.