A benefits program helps you attract and retain employees. As well, it is the easiest way to establish a corporate policy should an employee die, become disabled, have medical, vision or dental expenses or when it is time to retire.
Are you interested in establishing a benefits plan?
One of the major considerations is the costs associated with the plan and the benefits offered. Benefit program costs range from 3 – 6% of payroll and are typically cost shared 50/50 with the employees.
This is a huge benefit to your employees, as rather than giving them a bonus which is taxable income, you can provide a benefits account for them which is non-taxable.