Knowledgeable employers understand that offering premium benefits, those which may not be available from competitors, will allow their organization to attract and retain the best employees. Yet the constraints of the competitive marketplace require that they balance their benefits package with their budget requirements. Couple that with the changing dynamics of the federally mandated government health care plan and other employer options like HRA plans and HSA plans, the decision and investigation process quickly becomes burdensome to the small employer.
We find what's best for your organization, your budget, and your employee needs.
With Employees Only, the goal is simple: work within your budget, design what you want, provide outstanding service. Let Employees Only provide your business, nonprofit, school academy or municipality and your employees with the very best plan options possible.
- Choices include Employees Only developed proprietary plans that feature HMO, PPO and Indemnity plans from several large financially sound carriers. You may even keep your present plan if you wish. Also, we have tailored options for employers that will take advantage of cost reductions using the HRA or HSA strategy that will be explained by our professional staff of experts. We can advise you how the new government mandated benefit plans will affect your organization and employees and help you select what's right for you. We also offer a number of other group and individual insurance plan options, including dental and vision plans.
- We will counsel you in making the best choice possible from all the choices available that interest you. Once that's done, we'll take over responsibility for paying and reconciling bill payments, employee deductions, and handling most of the administration for all of the employee benefit plans, including COBRA (if applicable).
Your employees will have questions and we'll have the answers.
- Upon making your final benefit selections, Employees Only will work quickly to set-up and conduct an initial employee orientation, presenting a clear explanation and the details of the plan(s) you've chosen.
- Questions will arise and, when they do, your employees will call our licensed Employee Benefits professionals instead of interrupting you or other members of your staff. We provide a simple, confidential and efficient way for your employees to get the answers they need.
Benefit "eligibility" audits can save companies tens of thousands of dollars over the course of time. We at Employees Only make benefit audits standard practice. Call us – we'll protect your money and your organization.
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Expanded Employee Benefits: A Recruiting Tool and A Competitive Edge
Having a full employee benefits program is valuable to small employers in helping them attract and retain the best talent. Our relationship with your organization allows you to take advantage of a number of ancillary and value-added offerings.
Additional benefits your employees may add with no effort or cost to you:
In addition to the benefits offered to our clients, we use our resources to provide supplementary benefits and make them available to your employees at their discretion. To make it even more attractive, we also can arrange for automatic payroll deduction of these ancillary benefits. Budgeting and payment becomes easy when it's done this way.
- Almost any type of insurance that they may wish to purchase: life, disability, cancer, dental, vision, prescription drug programs and more, can be provided, often at considerable discounts.
- Beyond the health-related field, other benefits range from AFLAC programs and Pre-paid Legal Services to discount packages on many goods and services.
- Our banking partner offers free checking account privileges to our employees.
- Our client companies also enjoy discounted programs on office and business supplies.
- More importantly, there are many client-to-client discounts available to Employees Only family members, including auto purchase, collision and repair, and apartment living.
FSA, HAS and HRA Benefit Programs – A Better Fit For Your Employees
What everyone wants, without extra cost:
The idea is attractive: allow your employees to pay their share for benefits such as medical, dental, vision and dependent care on a pre-tax basis (before federal, state and Social Security tax basis). Governed by the IRS, these flexible spending (FSA) benefit plans have great appeal all around.
Health and Dependent Care expenses deducted from taxes on a pre-tax basis:
- Health Care Reimbursement Account
- Dependent Care Reimbursement Account
How flexibility works for you:
Most small companies cannot afford flexible spending benefit plans because of the expense of paying a third-party administrator and the additional internal work involved. We at Employees Only will do all that work as part of the total HR package for you.
Your employees enjoy substantial individual tax savings:
The program's substantial tax savings for employees are certainly attractive and it's one of the benefits that contribute greatly to managing the increasing cost of co-pays, prescriptions, and boosting employee morale and loyalty. Employees Only is one of the few HR consusltants that offers you all these services in connection with the flexible benefit program:
- 24-hour response time to questions from you or your employees.
- Online access to balances via our software for viewing by both employees and clients.
- Direct deposit of reimbursements into an employee's bank account. In addition, distributions can be made directly to employees.
As an employer, your company can enjoy substantial savings.
Employees Only has helped many of our clients in all industries review and evaluate the savings associated with both HRA and HSA plans for their organizations. Health Savings Account (HSA) funds, unlike the FSA, roll over and accumulate year to year if not spent. HSAs are owned by the individual employee. Another strategy utilized by our clients is Health Reimbursement Accounts (HRA), which are company owned, alternate tax-deductible sources of funds for medical expenses.
An Employees Only professional will meet with your employees, administrators, faculty and board members to explain the details of all the programs selected by your organization.
A Great 401(k) Plan for Your Employees – An Even Better Plan for You
A retirement savings plan that is just right for your business, nonprofit, school academy or municipality:
With over 50 options from which to choose, ranging from guaranteed funds to aggressive international stocks, we can create a custom-tailored plan designed to fit both the business and the employees.
Your Employees Only retirement plan will produce multiple benefits.
Expert administration, with less expense:
- Your organization avoids paying the fees for annual testing, annual 5500 return filings, preparation of plan document and other third party administrator fees.
- Funds are deposited bi-weekly in employee accounts.
A retirement savings plan that is just right for your organization:
- Your Employees Only retirement plan will be customized to fit your organization's specific needs, including enrollment times (quarterly), profit sharing components and matching options.
- Alternate investment opportunities can be included to suit your needs.
- Employees may invest pre-tax up to 15%* of their income to the maximum government allowance.
Individual counseling and 24/7 account access:
- Independent, licensed financial advisors will meet one-on-one with employees.
- Individual allocation of funds for each employee.
- Internet access for employees to view funds, receive daily updates and make changes to their accounts, or 800 number access for employees to make changes.
- Matching plans and Profit Sharing Options may be to your advantage: Ongoing and discretionary company matching options available.
Plan Compliance:
- Semi-annual testing of your plan to evaluate your results for 401(k) compliance.
- A safe harbor feature and other options to assist in plan compliance, and to help management staff maximize their contributions.
- For maximum advantage to owners, profit sharing plans are integrated with Social Security.
A partner you can trust.
Employees Only has selected one of the top firms in the field of 401(k) design, implementation and service. Like us, this company has a strong service model and commitment to effective and affordable client offerings, especially to the small and mid-size business marketplace.
