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Employee Payroll Task Savings Plan - Benefits
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Provides Pretax Benefits Under Section 125 Cafeteria Plan
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Company Sponsored Plan, Employee Funded
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No out pocket funding for the employee sponsorship. Lowers payroll taxes for employers, saving over $573 per employee annually.
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Currently working with: (just corporate tax benefits listed)
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CPA firm - 10 employees equal $5,730 each year
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Auto Dealership - 40 employees equal $22,920 each year
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Auto Dealership Group - 400 employees equal $229,200 each year
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Retailer - 2,800 employees equal $1,604,400 each year
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Retailer - 8,231 employees equal $4,698,600 each year
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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
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County District in FL - 25,000 employees equal $14,325,000 each year
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Increase employee satisfaction and decrease employee turnover!
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78% of executives cite employee retention as a major challenge—our solutions can help address part of this issue.
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Immediate enrollment. No wait periods.
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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.
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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.
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Non-state-tax states will be less $50-$120 per month.
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Executives' results are higher as it is based on income.
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Provides employees with extra health and wellness benefits. Does not replace, compete, or interfere with your primary health insurance.
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Provides employees with the most innovative & interactive well-being management program.
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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.
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90-95% retention rate, employees stay on plan.
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Initial educational/set up time. Thereafter, very little maintenance. Secure corporate portal.
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