Employee Benefits
Employers largely have discretion to choose which benefits to offer their employees, but employee benefits are also regulated by law. Key issues for employers to consider when developing an employee benefits plan include:
- Which benefits must be provided by law to employees, and which are voluntary;
- Which federal and state laws apply to which benefits; and
- The tax consequences of each benefit offered to the employer and the employee.
The Employee Benefits section includes information on, among other things:
- Cafeteria Plans
- COBRA
- ERISA
- FMLA
- Health Insurance
- Nondiscrimination Rules
- HSAs, FSAs & HRAs
- Medicare Requirements
- Retirement Plans
- Transportation Benefits
- Wellness Programs
What Are Employee Benefits?
Employee benefits are employee compensation packages that include extras such as health insurance, retirement savings plans, paid vacation days and more. Employers offer employee benefits to attract and retain top talent, as well as improve employee productivity and engagement. These are important because studies have shown that employees who feel valued and appreciated by their employer are more likely to stay with the company and be productive. Some benefits are even required by law.
Compliance Checklist for Small Employers
Keeping track of compliance obligations under ERISA, COBRA, HIPAA, and the Affordable Care Act is no simple task. We strive to keep clients informed with valuable and timely information on issues that impact your business and benefit plans
The following checklist provides an overview of compliance items small employers should be aware of in 2018 and beyond.
