If you own a business, you are keenly aware that it is important to offer your employees benefits such as retirement and health insurance benefits. If you provide a full range of these benefits, your employees will remain loyal to you and your company. These benefits are also valuable in attracting new, quality employees. You may find some benefits confusing, so finding help through employee benefits consulting can prove valuable.

One of the biggest benefits for employees can be the 401 k benefit. This is the name for a tax qualified pension plan. You can learn through employee benefits consulting that your employees will make contributions to the 401 k on either a post or pre tax basis. The IRS does outline contribution limits, as well as limits for pre tax Roth or 401 k salary deferrals. Employee benefits consulting will also let you determine whether some of your employees fall under the highly compensated classification. There are IRS rules in place to ensure that companies offer 401 k plans to low paid employees by averaging the maximum deferral rate of both highly compensated personnel with that of the non highly compensated employees.

Employee benefits consulting will also cover all the rules and regulations, as well as 401k fees and expenses. Employee benefits consulting will also help you with selecting 401 k plan providers.

There are other benefits that you can receive help from employee benefits consulting services. You may want to offer group healthcare, but you are concerned with the cost of healthcare reform, or the impact it will have on your company and employees. Employee benefits consulting can go over these aspects to help you gain understand of this program. You may also need to understand workers compensation insurance policy coverage, or even business interruption coverage.

Employee benefits consulting can help you understand all the intricacies of employee benefits, as well as the overall cost to you. While you do want to provide great benefits, you still need to address the cost to your bottom line. Employee benefits consulting can help you balance this. Because you realize that benefits are actually a way to protect your company, you should consider employee benefits consulting so you can be completely covered.
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