Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or evaluations. Businesses know that it’s vital to invest in staff.

State the benefits packages, such as healthcare and retirement plans, with all of the eligibility rules. Distribute the new plan and hold a meeting with all employees so they can review it.

An annual employee benefit plan audit doesn’t have to be an arduous or disruptive event. As members of the AICPA’s Employee ...

You might be using an unsupported or outdated browser. To get the best possible experience please use the latest version of Chrome, Firefox, Safari, or Microsoft Edge ...

For example, each of the following plan types will require a business to file a separate Form 5500 Annual Return/Report of Employee Benefit Plan: Defined contribution plans (401(k), 403(b ...

Klaus Vedfelt / Getty Images A cafeteria plan is a benefits program where employees can select from different pre-tax options to lower their taxable income. What Is a Cafeteria Plan? A cafeteria ...

It may come as a shock that most employers don't believe their employees can choose a best-fit benefits plan. According to a study by the Harvard Business Review, only 41% of employers believe ...

Employers can limit participation to select employees. A defined benefit plan is an employer-sponsored retirement plan that guarantees an employee will receive a specified benefit in retirement.

A participating provider agreement is a contract between a healthcare provider and an employee benefits plan. The agreement states that the provider will accept payments from the plan for services ...

UTSA employees receive a comprehensive benefits package, including plan options for medical, dental, vision and more. Employees who work at least 20 hours per week with an appointment of at least 4.5 ...

For example, the company may decide to contribute up to 5% of each qualifying employee’s salary. Profit sharing plans are defined contribution plans. Unlike a defined benefit plan, this type of ...