A PEO often provides a customizable employee handbook, and they may be able to provide you with access to an integrated HR management system that enables employees to access information about benefits and company policies around-the-clock. One of the most frequent responsibilities that business owners would like to outsource is the administration of 401(k) and benefits. Another thing to consider is that unlike 401(k) plans, state-facilitated IRAs are not eligible for up to $16,500 in SECURE1 Act tax credits. Any employee 18 years of age or older who receives wages in Delaware qualifies to participate and there is an employee opt-out option. Help your staff get the support they need by investing in an employee assistance program. The company ranked fifth on the list, its highest-ever ranking after 21 consecutive appearances. The MarylandSaves program requires businesses of all sizes to offer employees automatic enrollment in a payroll-deduction IRA. In certain cases, EAPs can directly help a company resolve ongoing issues. *. These vary by location but may include Social Security and Medicare. This includes carefully assessing PEO risks and weighing them against potential PEO benefits that may help meet your business needs. Mon Fri, 8:00 am - 8:00 pm ET, Hours of Operation Talk to one of our retirement specialists about how to make employee benefit plan management simple and affordable. Paychex Oasis Please sign in Sign in Need help logging in? hbbd```b``a 7@$0[D2HfL>`j9Bl2X ;X|9X DVLIW@ljX Db(j@1k ]`YRDuHe&H|vdl#I $?0. Research conducted by Paychex found that managing HR administrative duties, such as employee benefits, payroll processing, and safety program implementation takes up a lot of time. The most important step for launching a successful employee assistance program is identifying which services are needed by your employees. (800) 822-8704, Option 1, 2, then 2PEO_COBRA@paychex.com. Sign up 2019-2023 Paychex. For the 12th year in a row, Paychex has earned PLANSPONSOR magazines distinction of being the nations largest 401(k) recordkeeper by total number of plans. That was music to my ears as a new CFO . I can go anywhere. 312 0 obj <> endobj Working with a PEO could be a great business strategy to attain higher return on investment (ROI) in multiple areas of the business. An EAP is included as part of all Paychex HR Services offerings, and clients can get started by contacting their dedicated HR professional. Hours of Operation Enter your Client ID, Login ID and Email Address below. The registration plans to be implemented in three phases, starting with a proposed deadline of April 2023 for businesses with 25 or more employees, followed by October 2023 (15-24 EEs), and April 2024 (5-14 EEs). Access your Paychex Flex account &chat with a live representative24/7 orreview our FAQsto find answers to common questions about making adjustments to your employer-sponsored Paychex 401(k) retirement plan. Our clients have secured an average of $190,000 in employee retention tax credit. Whether it's recommending a counselor or providing a list of local photographers to lessen the stress of planning an upcoming wedding, the representatives that work with EAPs can quickly and efficiently go to work for your employees. In fact, 98% of PEO clients said they would recommend a PEO to a small business colleague.2 Whether you're an HR professional looking to streamline administrative tasks so you can focus on more strategic work, or a business owner needing more comprehensive HR management services, PEOs can provide a unique combination of powerful HR technology and expert support to help you achieve your goals. With an EAP, your employees and their qualified household members have access to a confidential resource they can call when crises or general life management questions arise. Client ID. To deal with this crisis, 14 states and two cities have enacted legislation and five have been fully implemented programs. Businesses with 3-4 employees are expected to register for the program by March 1, 2023 while businesses with 1-2 employees have a July 31, 2023 deadline to register. When added to a larger employee benefits package, EAPs can come at a very reasonable cost to employers. Manage HR, payroll, benefits, and more from our industry leading all-in-one solution, Use Our Easy, Online Sign-up Process and Get Started Today. There are phased-in deadlines in 2023 for different business sizes. Or you may prefer a plan that requires less time, staff, and cost to manage, like the Pooled Employer Plan (PEP). EAPs often maintain a network of partners who can help meet a range of needs, such as legal firms, childcare professionals, elder care specialists, nutritionists, fitness experts, and more. Paychex Flex received an HR Tech Award for Best Small and Medium Business (SMB)-focused Solution in the Core HR/Workforce category. We see you've logged Into Paychex Flex before. Employees will be automatically enrolled but have the ability to opt out. A healthcare assistance service like an EAP can help manage that cost over the long-term by helping provide the advice, support, and resources employees need to be physically and mentally healthier, thus lowering their health care claims over the long-term. arrow_forward First name Last name Email Phone Where did you hear about us? By signing up, you agree to our Terms of Use Sign up Already signed up? Paychex was recognized as one of the top training organizations in the world with a 2022 Training APEX Award presented by Training magazine. Surveys show that an overwhelming majority of todays job candidates prefer an employer who offers a good employee benefits and employee services package. Looking ahead to the next 12 months, offering competitive compensation and benefits (42%) was reported as an HR-related issue that is likely to become more challenging, followed by attracting dedicated and capable staff (39%), and minimizing employee turnover (36%).1. Our most popular platform, Paychex Flex is an all-in-one solution for all things HR payroll, time and attendance, benefits, and more. Paychex is a registered Independent Sales Organization of Wells Fargo Bank, N.A., Concord, CA. Paychex solutions for businesses with 20-49 employees can help owners and managers save time, reduce errors & stay informed of new and changing regulations. Here is a brief update on the enacted state-facilitated retirement programs as of November 2022. Insurance is sold and serviced by Paychex Insurance Agency, Inc., 225 Kenneth Dr., Rochester, NY 14623. | Security | Privacy | Legal | Trademarks & Disclaimers | Requirements Across America, many states are experiencing a retirement savings crisis. We can contact someone 24 hours a day on our phone, on our computer, while were on vacation, wherever we might be., The tastes and preferences of our employees is a moving goalpost. Paychex Go Employee Login arrow_forward Paychex Flex Login arrow_forward Get started Looking for employee login? Learn how a mentally healthy workplace is good for business and take steps today to improve the mental health of your employees. The Paychex Oasis Employee Connect app keeps employees connected to their most vital payroll, human resources, benefits information and more with convenient, 24/7 access from anywhere. While every state is different, most state-facilitated retirement programs: Also noteworthy is that a business located in a state without a mandate to offer a workplace retirement plan might still have obligations regarding a workplace retirement program if they have employees working and reporting income in a state that has such a mandate. For example, you may prefer a traditional 401(k) plan that has higher contribution limits for employees. Businesses may also give employees the options of voluntary benefits for dental or life insurance, flexible spending accounts (FSA/HSA), or 401(k) plans. PEO Benefits: How Using a PEO Can Help Your Business. Stress management can help employees be more productive, as well as work smarter and safer, especially those who are involved in various forms of physical labor. Having adequate support can help employees manage stress and solve problems, which may reduce the negative impact on the company's bottom line and overall morale. Waited anxiously for the first pay check but never received. This can be burdensome to smaller businesses that dont have the time or staff to do complex plan management. Login ID. An Eligible Client must be processing payroll with Paychex in order to receive three months of free payroll services, and any unused month is not redeemable in U.S. currency or for any other entity. 3 18th Annual MetLife U.S. Employers also have the option of matching contributions. The range of services may vary from on-call counselors and referrals to local resources that can help them solve their challenges. 2HR Professional Score Measured Monthly Based on Personalized Business Recommendations Data on File, 3 Largest 401(k) recordkeeper by number of plans, PLANSPONSOR magazine, 2022, 4Business Insurance Magazine, Top 100 Insurance Brokers in the U.S., July 2022, Insurance is sold and serviced by Paychex Insurance Agency, Inc., 225 Kenneth Drive, Rochester, NY 14623. Businesses with five (5) or more employees that have been in operation for at least six months must register for the state program if they already do not have an auto-IRA plan for all employees or sponsor a qualified retirement savings plan. You would think using an email for verification to login could be a thing in 2023? Paychex has been awarded the IDC 2022 SaaS Customer Service Satisfaction Award for Core HR. Login. This is a required field. Our ERTC Service offers specially trained consultants who can forecast your potential credit, then prepare and file amended returns. Attract and retain the best talent with access to a cost-effective, comprehensive employee benefits package, which can help you level the playing field with Fortune 500 companies, take time-consuming HR administrative responsibilities off your plate, and is supported with seamless employee benefits administration. Two words: recruitment and retention. When employees have readily available access to resources that improve their health, manage their problems, and reduce stress, their overall wellness can improve. Additionally, an EAP can help employees be more efficient in managing their healthcare expenses. For example, an EAP can be used as a resource during employer/employee interactions. Access tools and resources including free CPE online courses, client-letter templates, financial calculators, and more. This can help relieve a significant time and resources burden. However, an EAP typically covers your employees and could also cover eligible household members, including a spouse, domestic partner, children, or other dependents. Having these tools on hand can have positive impacts, such as improved time management and more energy throughout the workday. Have you lost your group coverage? Depending on federal and state laws and regulations, businesses may be legally required to offer unemployment insurance, workers' compensation, and other benefits. Members can also access a virtual library of free resources and online self-help tools. Offering supplemental company benefits such as dental and vision insurance can attract new talent and give extra perks to your employees. In July 2024, New Mexico is planning to launch a voluntary program that offers a Hybrid Roth IRA or Marketplace plan. Likewise, feeling stressed or overworked, an inability to achieve sufficient work/life balance, and not having access to resources are some of the reasons why employees choose to leave a job. Fill out this form to enroll in the Skylight PayOptions Program and to receive a Skylight ONEPrepaid MasterCard. An intutive Hiring and Onboarding Experience. They want to be taken care of. About 131,000 Washington State businesses dont offer workplace retirement plans. The Brandon Hall Group awarded Paychex a gold and bronze medal for Excellence in Technology in 2022 for Paychex Voice Assist and Paychex Retention Insights. One advantage of a PEO is that it can be a secret weapon in finding and keeping your company's valuable talent when you can offer more competitive benefits and efficient service. Under the SECURE Act, eligible new plans can potentially get up to $5,000 per year for three years in new plan tax credits with an additional $500 per year with auto-enrollment. In addition to offering Section 125 plans, you can help employees with unforeseen circumstances by offering ancillary benefits such as accident, disability, critical illness, and indemnity coverage. There will be penalties for failure to provide written notification to employees of the opt-in, as well as financial stakes that include making up missed contribution amounts in the amount each covered employee would have contributed (plus 6% interest rate).