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Employee Payroll Task Savings Plan - Benefits

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  • Provides Pretax Benefits Under Section 125 Cafeteria Plan
  • Company Sponsored Plan, Employee Funded
  • No out pocket funding for the employee sponsorship. Lowers payroll taxes for employers, saving over $573 per employee annually.
  • Currently working with: (just corporate tax benefits listed)
    •  CPA firm - 10 employees equal $5,730 each year
    • Auto Dealership - 40 employees equal $22,920 each year
    • Auto Dealership Group - 400 employees equal $229,200 each year
    • Retailer - 2,800 employees equal $1,604,400 each year
    • Retailer - 8,231 employees equal $4,698,600 each year
      • Employee's pay increase not coming from company’s money. The benefit is an increase for employees totaling $7,407,900) see notes below on employee
    • County District in FL - 25,000 employees equal $14,325,000 each year
  • Increase employee satisfaction and decrease employee turnover!
  • 78% of executives cite employee retention as a major challenge—our solutions can help address part of this issue.
  • Immediate enrollment. No wait periods.
  • Employees on the program will see an increase in take-home pay with participation and no out-of-pocket cost due to the reduction in payroll taxes receiving an indemnity credit to nearly offset the cost of the insurance program.
  • The reduction in taxes creates a net gain to the employee an average of $120-150 per month plus the added medical benefits. The retailer above realized an increase in employee pay of more than $7.4 million dollars that did not come from the company’s monies.
  • Non-state-tax states will be less $50-$120 per month.
  • Executives' results are higher as it is based on income.
  • Provides employees with extra health and wellness benefits. Does not replace, compete, or interfere with your primary health insurance.
  •  Provides employees with the most innovative & interactive well-being management program.
  • All doctor; urgent care visits and preventative care is $0 deductible for the employee. These costs are off loaded from the major medical insurance lowering corporate premiums in the future.
  • 90-95% retention rate, employees stay on plan.
  • Initial educational/set up time. Thereafter, very little maintenance. Secure corporate portal.
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