On 11/1/2018, the Internal Revenue Services announced 2019 retirement plan contribution limits. The limit increased to $19,000, up $500 from $18,500 in 2018, for 401(k) plans, as well as 403(b) plans, most 457 plans and the federal government’s Thrift Savings Plan, the Internal Revenue Service …
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Small Businesses: Take Another Look at 401(k)
Retirement security is becoming harder for an increasing number of Americans. With less than 50% of Illinois small businesses offering 401(k) programs, employees can’t save enough to live comfortably in their golden years. Previously considered out of reach, this valued benefit is becoming more …
Common Questions When Joining a PEO
Educating employees on the benefits of your new professional employer organization (PEO) have paid off. They are eager to get started. Management is also enthusiastic knowing that employee turnover at companies using a PEO is 23 - 32% lower1 compared to other businesses. Everyone is excited about …
Transparency: Understanding the Cost of a PEO Upfront
Successful partnerships are based on trust. Companies need to accurately compare their in-house HR costs against what it will cost to partner with a Professional Employer Organization (PEO). That’s why it’s so important for businesses considering a PEO to understand the costs upfront. If services …
What Employees Can Expect When Transitioning to a PEO
Business owners change to a PEO because it will be good for the company AND benefit the employees. While change isn’t easy, proactive communication to employees helps ease the transition. Start by explaining to the employees why you’re partnering with a PEO and all the new benefits they will be …