How Do You Offer and Manage Employee Benefits? stratustime Employees using stratustime can log in here to clock in and out, request time off, and perform other time and attendance tasks. he Paychex Flex app offers employees, and approved contractors, an easy way to access their Paychex Flex account (www.paychexflex.com) from an Apple iOS device or Android TM -powered smartphone that If your company manages the software on your computer, please contact your IT department for updates. Insurance is sold and serviced by Paychex Insurance Agency, Inc., 225 Kenneth Dr., Rochester, NY 14623. For the 12th year in a row, Paychex has earned PLANSPONSOR magazines distinction of being the nations largest 401(k) recordkeeper by total number of plans. Stress, both in and out of the workplace, is a fact of life for many employees and business owners. If you have a business without a retirement plan, however, you might need to comply with the states (and/or the state where your employees work) program requirements or risk potential penalties. Paychex has been awarded the IDC 2022 SaaS Customer Service Satisfaction Award for Core HR. They want to be taken care of. We can help you discover what you may need and how to get there. Paychex Go Not for Paychex Flex users. As noted above, offering competitive benefits remains a pressing issue. When in doubtbe sure to compare your options. We offer benefits administration tools that help you with the process of choosing, setting up, and managing your benefits package. For additional resources, check out our mental health resource page. Paychex was recognized as one of the top training organizations in the world with a 2022 Training APEX Award presented by Training magazine. Participating financial service providers offer low-cost plans to employers with 100 or fewer employees, including sole proprietors and the self-employed. Findings from the National Association of Professional Employer Organizations (NAPEO), unique combination of powerful HR technology and expert support, Illinois Secure Choice Retirement Program, New York State Secure Choice Savings Program, EAP add-ons cost between 75 cents and $2 per member per month, take steps today to improve the mental health, Control costs by integrating payroll and benefits with our, Help your workforce save for their financial future with 401(k) plans, HSAs, and the financial wellness tool, FinFit, Give employees the opportunity to develop and grow in their careers with, Online education, budgeting tools and credit resources, Short-term employee loans* for emergencies and the unexpected, Smarter alternatives to 401(k) loans, payday loans and payroll advances, A financial wellness benefit at no extra charge, Decreasing the quality of candidates that companies can attract, Are designed as Roth individual retirement accounts (IRAs), May be mandated for businesses employing a certain number of employees, Use investment firms and investments chosen by the state, May require employers to automatically enroll employees at a contribution of three to five percent of each employees payroll wages, Allow workers to opt out of contributing via payroll deduction, May require employers to do some administration. | Security | Privacy | Legal | Trademarks & Disclaimers | Requirements Paychex Service When you consider the true cost of losing an employee (impact on morale, productivity loss, cost of recruiting, hiring, and onboarding a new person), investing in an EAP to help support your retention efforts makes a lot of sense. Para garantizar que brindemos la informacin ms actualizada y de mayor precisin, algunos contenidos de este sitio web se mostrarn en ingls y los proporcionaremos en espaol una vez que estn disponibles. Any employee 18 years of age or older who receives wages in Delaware qualifies to participate and there is an employee opt-out option. Managing human resources (HR) tasks, offering competitive benefits, administering payroll, and maintaining compliance are essential HR functions. Paychex: Payroll & HR Solutions Over half of U.S. states have enacted legislation requiring private-sector businesses of a certain size to participate in a state-facilitated IRA program if they dont currently offer an employee retirement plan. Waited anxiously for the first pay check but never received. The Brandon Hall Group awarded Paychex a gold and bronze medal for Excellence in Technology in 2022 for Paychex Voice Assist and Paychex Retention Insights. The state implemented its program and employers can begin registering. Having these tools on hand can have positive impacts, such as improved time management and more energy throughout the workday. Attract and retain the best talent with access to a cost-effective, comprehensive employee benefits package from Paychex. Through the Paychex Flex website or mobile app, you can: Confidential resources and support that help employees deal with challenges head-on counseling, resolving medical claims, managing stress, stopping smoking, or losing weight can help reinforce your commitment to their well-being. Depending on the situation, employees can access certain services from the safety and privacy of their own home. Likewise, feeling stressed or overworked, an inability to achieve sufficient work/life balance, and not having access to resources are some of the reasons why employees choose to leave a job. OR. A PEO often provides a customizable employee handbook, and they may be able to provide you with access to an integrated HR management system that enables employees to access information about benefits and company policies around-the-clock. Of the enacted states, almost all are mandatory except for Massachusetts, which has proposed legislation to make it mandatory for for-profit businesses, as well as New Mexico, Vermont, and Washington. Paychex tiene el compromiso de brindar recursos para la comunidad hispanohablante. Hours of Operation hbbd```b``a 7@$0[D2HfL>`j9Bl2X ;X|9X DVLIW@ljX Db(j@1k ]`YRDuHe&H|vdl#I $?0. Our most popular platform, Paychex Flex is an all-in-one solution for all things HR payroll, time and attendance, benefits, and more. Employers can choose a retirement plan from a non-government provider as long as it meets state requirements. Have you lost your group coverage? A key benefit of a PEO is that it's often well-positioned to negotiate attractive insurance rates and benefits for its members. Paychex Flex Login | Paychex For example, an EAP can be used as a resource during employer/employee interactions. Our licensed insurance agents will look at your insurance needs and help find a healthcare plan to fit your situation. A dedicated Paychex HR professional is also assigned to you to proactively assess your needs and create an action plan and provide knowledgeable HR advice. Businesses with five (5) or more employees that have been in operation for at least six months must register for the state program if they already do not have an auto-IRA plan for all employees or sponsor a qualified retirement savings plan. Employee Benefit Services: Plans & Management | Paychex What Employee Benefits Are Most Important? Each program's offerings are different, but certain programs will provide consultations to managers or executives on how to handle difficult situations within the workplace. A PEO is a popular way to outsource HR functions such as payroll, employee benefits, and workers' compensation administration, allowing business owners to focus more on running their companies. While the details of an individual program are identified in the plan documents, many EAPs provide critical support for serious issues. Send Request Cancel. Administrator and employee login for HR, payroll, time and attendance, benefits and more. Funds loaded to Skylight ONE Card accounts are held at BofI Federal Bank, Member FDIC. The MarylandSaves programlaunched in September 2022. 0 The program will be auto-enroll with an opt-out option, plus there will be a 5% default contribution limit (flexible) that includes an auto-increase of 1% annually, up to 8%. Residents of Colorado, Connecticut, Iowa, Vermont, West Virginia, Nevada, and Massachusetts are not eligible for loans. In response to this crisis, the state has established its Retirement Small Business Marketplace to help small companies adopt retirement savings programs for their workforces. Paychex Flex allows employees to initiate a variety of activities themselves, empowering them to get the answers they need, when they need them saving your HR teams time and helping maintain everybodys productivity. Section 125 cafeteria plans, such as a Flexible Spending Account (FSA) or Premium Only Plan (POP), help employees pay for qualified medical expenses and health insurance premiums, respectively, with pretax funds, which helps them save money by reducing their taxable income. An EAP provides a confidential source that employees can use to find support and resources for certain challenges they face. Horrible. There are numerous EAP providers, each with their own unique plans and offering sets. If you're evaluating your benefits plan on a broader scale or looking to switch providers, consider how Paychex can help you attract and keep an engaged and productive workforce. * Fill out this form to enroll in the Skylight PayOptions Program and to receive a Skylight ONEPrepaid MasterCard. Support your workforce in their efforts to secure their financial future with: We offer all-in-one payroll and employee benefits administration for more efficient recordkeeping. Paychex Solo provides solutions for self-employed business owners to pay themselves a salary while also saving for retirement. Working with a PEO is increasing in popularity as U.S. employers seek to emphasize core functions and increase efficiencies. Benefits shouldn't be overwhelming, so let our technology do the heavy lifting. Employers are currently required to automatically enroll employees in the IRA savings program if they do not offer their employees a retirement savings plan. The New York State Secure Choice Savings Program was originally voluntary, but legislation has been passed to mandate participation in the program for businesses with 10 or more employees. That was music to my ears as a new CFO . Being an 14-year honoree underscores Paychexs commitment to ethical business standards and practices, ensuring long-term value to key stakeholders including customers, investors, and employees. New versions can be downloaded from the links below. Contact Us - Call Paychex Benefit Accounts at (855) 678-7781, Toll Free at (855) 678-7781 or Email us at PaychexBenefitAccountCS@healthaccountservices.com We noticed you are using an older version of Internet Explorer.