Patriot Software

OCTOBER 17, 2022

Are you thinking about offering retirement plans at your small business? There are a lot of retirement options to choose from. Two common retirement plans for employees are individual retirement arrangement/account (IRA) plans and 401(k) plans. What is the difference between Roth IRA […] READ MORE.

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Retirement ATS Payroll 87

Patriot Software

OCTOBER 17, 2022

As a small business owner, you might be confused by all the different small business retirement plan options out there. One retirement option you can offer is an individual retirement arrangement, or account (IRA). Different types of IRA accounts An individual retirement arrangement is an […] READ MORE.

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Retirement Payroll 79

Patriot Software

JULY 28, 2022

Here’s a shocking stat: More than 600,000 private-sector employees in Connecticut don’t have an employer-sponsored retirement savings plan. To encourage more employees in the state to save for retirement, Connecticut launched the MyCTSavings Retirement Program (MyCTSavings).

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Retirement Payroll 68

Patriot Software

JULY 28, 2022

don’t have retirement savings. Not all employees have access to an employer-sponsored retirement program. Seeing this looming crisis, Illinois launched the Secure Choice Retirement Savings Program (Illinois Secure Choice). A quarter of adults in the U.S. One reason?

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Retirement Payroll 71

Intoo USA

JULY 31, 2019

The former is when the employee makes the choice to end their employment—to retire, to pursue another job, or for other reasons. Consider firing the employee after your other employees leave,” writes Mike Kappel, founder and CEO of Patriot Software, in Forbes. A termination can be voluntary or involuntary.

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Outplacement Employer Branding Patriot Software HR Software 130

Patriot Software

JULY 11, 2022

In the United States, the most common type of retirement plan is the trusty 401(k). trillion in assets, businesses of all sizes offer this type of plan to help their employees save for the retirement they deserve. With over 60 million active participants and an estimated $7.3 However, not all 401(k)s are the same.

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Retirement How To Payroll 78

Patriot Software

AUGUST 30, 2022

Common employee benefits can range from different insurance options to types of retirement plans. Most businesses offer employee benefits in addition to regular wages. Some employees have the option of opening an HSA. What is an HSA? What is an HSA?

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Retirement Employee Benefits Payroll 78

Intoo USA

JULY 31, 2019

The former is when the employee makes the choice to end their employment—to retire, to pursue another job, or for other reasons. Consider firing the employee after your other employees leave,” writes Mike Kappel, founder and CEO of Patriot Software, in Forbes. A termination can be voluntary or involuntary.

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Outplacement Employer Branding Patriot Software HR Software 100

Patriot Software

APRIL 11, 2022

On your list of potential benefits are probably things like health insurance, retirement plans, and work-from-home opportunities. It’s one of many perks you may look at when looking for ways to attract, hire, or retain employees. Although not as common, employer-provided housing is another option to mull over. Get […] READ MORE.

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Retirement How To Hiring ATS 86

Patriot Software

AUGUST 31, 2022

Most employees expect certain workplace benefits, such as health insurance or retirement plans. But coming up with unique and appealing perks, like commuter benefits, can further your chances of attracting and retaining top talent. Commuter benefits aren’t just popular in big cities with prevalent public transportation systems.

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Planning Tools Retirement System Payroll 73

Patriot Software

OCTOBER 11, 2022

An employee could accept a new job offer, retire, be laid off, or move away. Sometimes, you lose great employees. Whatever the case may be, there might come a time when you consider rehiring former employees. Read on to learn about the pros and cons of rehiring former employees. And, if you decide to rehire […] READ MORE.

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Retirement Compliance Training Payroll 72

Patriot Software

OCTOBER 13, 2022

Whether you’re submitting payroll or tax return forms, opening bank accounts, or establishing retirement plans, you need to identify your business. To run your business, you need a taxpayer identification number (TIN). Find out what a federal tax identification number is, types of tax ID numbers, and how to obtain them.

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Payroll Retirement How To 71

Patriot Software

JULY 26, 2021

Benefits include everything from retirement plans to health insurance coverage. Offering competitive benefits attracts, satisfies, and retains top talent. When you dive into different small business employee benefits, you might consider a section 125 plan. But, what is a section 125 plan? Is it a cafeteria plan?

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Retirement Employee Benefits Payroll 97

Patriot Software

MAY 9, 2022

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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Compensation Retirement Company How To 68

Patriot Software

JUNE 13, 2022

Ready to attract and retain employees with a better benefits package that lets them save for retirement? Want to claim 401(k) tax credits worth up to $16,500? If so, you might be interested in starting a 401(k). But to do that, you need to know how to set up a 401(k) in your small business. […] READ MORE.

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Retirement How To Payroll 66

Patriot Software

JANUARY 25, 2023

The SECURE Act of 2019 gave employers new incentives to offer retirement plans. Now, the SECURE Act 2.0 promises to deliver even more. Passed by Congress at the end of 2022, the SECURE Act 2.0 is a new and improved version of the previous bill. So, what’s inside the new bill? How will it encourage […] Read More

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Retirement ATS Payroll Resources 52

Patriot Software

JUNE 27, 2022

If you offer retirement plans, it’s time for your crash course. 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. What are 3401(a) wages?

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Retirement Compensation Course Payroll 61

Patriot Software

SEPTEMBER 22, 2022

Are you planning to offer your employees a retirement plan for the first time? Or, are you considering switching from a SIMPLE IRA to 401(k)? Whatever the case, you might have questions about the difference between a 401(k) vs. SIMPLE IRA plan. After all, you want to choose the best plan for your business. Read […] READ MORE.

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Retirement Payroll 52

Patriot Software

JANUARY 25, 2021

As an employer, you can offer small business retirement options, like 401(k) plans, to your employees. But when it comes to 401(k) options, it isn’t just a one and done type of deal. There are a few different types of 401(k) plans to choose from. 401(k) Overview Let’s brush up on what 401(k) is, shall […] READ MORE.

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Retirement Payroll 76

Patriot Software

MARCH 4, 2019

The employee elected to contribute to a retirement plan. If an employee elected to contribute to a pre-tax retirement plan, their W-2 Box 1 wages are likely lower than their Box 3 wages. An employee’s elected retirement plan contributions are not subject to federal income taxes. And, there is a check mark in Box 13.

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Retirement Payroll Planning Tools Compensation 40

TrustRadius HR

JULY 27, 2022

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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Hiring Software Onboarding Software Planning Tools HR Software 98

TrustRadius HR

JULY 6, 2022

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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Hiring Software Onboarding Software HR Software Planning Tools 98

TrustRadius HR

JULY 27, 2022

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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Hiring Software Onboarding Software Planning Tools HR Software 52

TrustRadius HR

JULY 27, 2022

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.

Hiring Software 52

Hiring Software Onboarding Software Planning Tools HR Software 52

TrustRadius HR

JULY 6, 2022

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?

Hiring Software 52

Hiring Software Onboarding Software Planning Tools HR Software 52

TrustRadius HR

JULY 6, 2022

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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Hiring Software Onboarding Software Planning Tools HR Software 52

Patriot Software

JANUARY 14, 2019

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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Handbook Code of Conduct Hiring Software Harassment 50

Patriot Software

FEBRUARY 13, 2019

Do you offer benefits like health insurance, life insurance, and retirement plans? Do not report the wages on Form 1099-MISC if you reissue an uncashed check. Take care of the deceased’s benefits. If so, notify benefit providers after the death of an employee. And, talk with the employee’s beneficiary about how they can receive the benefits.

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Hiring Software Planning Tools Payroll Time and Attendance 40

Patriot Software

FEBRUARY 20, 2019

Payments not subject to federal income tax include pre-tax retirement plan contributions, health insurance premiums, and commuter benefits. Let’s say an employee elected to contribute $1,000 to a retirement plan. Retirement plan. Box 1 reports an employee’s wages, tips, and other compensation. This is not a mistake.

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How To Retirement Payroll Planning Tools 40

Patriot Software

FEBRUARY 25, 2019

Other deductions that impact take-home pay include: 401(k) or other retirement contributions. retirement plan contributions). Depending on the type of small business employee benefits , individuals may also have additional deductions taken from each paycheck. Medical, dental, or health insurance premiums. HSA account contributions.

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Wage and Hour Training Payroll Compliance Training Retirement 46