total compensation statements

401(k) vs 401(a)?

401(k) vs 401(a)? 401(k) The 401(k) is today’s most popular retirement plan. Employees may contribute pretax dollars to their plan up to an IRS limit of $18,000 this year, with a Catch Up contribution of an additional $6,000 if the employee will be at least 50 years old by December 31st. The employee may contribute […]

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Business accounting

The Real Cost of Employee Turnover – and how to avoid it!

The Real Cost of Employee Turnover – and how to avoid it! There are a number of factors that contribute to the cost of replacing an employee. Here are just a few: Overtime – for other employees and temporary staffing Advertising – search agency fees Time – sifting through resumes, interviewing, making contacts, arranging meetings, […]

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Business accounting

The Many “Benefits” of Benefit Statements

The Many “Benefits” of Benefit Statements Whether you’re an expert or new to providing Benefit Statements, do you really know the full value that Benefit Statements provide? Benefit Statements are more than a document with dollar values capturing that “bigger picture.” Benefit Statements can be used to help employees understand more about their benefits, emphasize […]

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Business accounting

Total Compensation Statements – Best Practices for Data Submission

Total Compensation Statements – Best Practices for Data Submission A frequently asked question is, “how should I send you my data?” Here are some guidelines to assure accuracy and smooth transition. Most vendors prefer to receive your data in an Excel or CSV file. To avoid transcription errors, hand enter data only when necessary, then […]

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multi-generaltion group of business people

Employee Benefit Statements – What are you missing?

Employee Benefit Statements – What are you missing? Employee Benefit Statements are absolutely vital to your organization’s communication strategy! Benefit Statements show the full value of employee compensation. Providing your employees with Total Compensation Statements allows you to tap into the myriad ways in which you support and enrich the lives of your employees. It’s […]

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Business accounting

Employee Benefit Statements – What are you missing?

Employee Benefit Statements are absolutely vital to your organization’s communication strategy! Benefit Statements show the full value of employee compensation. Providing your employees with Total Compensation Statements allows you to tap into the myriad ways in which you support and enrich the lives of your employees. It’s also a great way to positively affect employee […]

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