The Promotion only applies to payroll services, and Eligible Clients will be solely responsible for all fees due for services other than payroll services. There are numerous EAP providers, each with their own unique plans and offering sets. Administrator and employee login for HR, payroll, time and attendance, benefits and more. PEO Benefits: How Using a PEO Can Help Your Business. I can grow my practice in the best way I see fit and have the resources I need.". Working with a PEO could be a great business strategy to attain higher return on investment (ROI) in multiple areas of the business. How can a small business hope to focus on sales and growth when it must also keep pace with today's changing regulatory environment? 6,000,608 and 6,189,787. Attract and retain the best talent with access to a cost-effective, comprehensive employee benefits package from Paychex. With a PEO, employees don't have to obtain health insurance through a government marketplace (which only offers medical and stand-alone dental benefits). Employees nationwide are currently dealing with stress: whether it's the ongoing impact of the pandemic, working at home and contending with work/life balance, are dealing with health issues, need to take care of kids, or are working long hours. 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. "] Please note that Paychex no longer supports Internet Explorer version 10 and lower. Paychex was named to FORTUNE magazines 2023 list of the Worlds Most Admired Companies, an honor that recognizes companies for their corporate reputation and outstanding financial performance. EAPs may help improve engagement and productivity, and even reduce absenteeism and turnover. Not only can access to an EAP empower employees to lead healthier, more fulfilling lives but offering an EAP as a benefit demonstrates that you care about their overall well-being, which can increase feelings of loyalty to your organization. Paychex Flex clients also need to create a separate account on the Paychex Store. In working with Paychex, it has given me the freedom to work on the business knowing that our payroll is being taken care of and being managed day to day, and I dont have to worry about it, which is beautiful., Kelly Ennis, Founder and Managing Principal, The Verve Partnership, For a Limited Time: Get 3 Months Free Payroll and an Assessment for the Employee Retention Tax Credit (ERTC)1. The deadline for businesses with 26-plus employees has passed. Employee assistance programs are designed to connect employees with the best resources for handling personal challenges that can impact their ability to manage stress and remain productive while at work. Depending on the situation, employees can access certain services from the safety and privacy of their own home. EAPs often maintain a network of partners who can help meet a range of needs, such as legal firms, childcare professionals, elder care specialists, nutritionists, fitness experts, and more. An intutive Hiring and Onboarding Experience. It could help you retain employees, offer better benefits that employees value, and have a long-term and profitable business benefits that are worth considering. Professional employer organization (PEO) services provided by Paychex Business Solutions, LLC (Florida employee leasing license GL7), Oasis Outsourcing, LLC (Florida employee leasing license GL42), and their affiliates, which are licensed or registered to provide PEO services where required by law. Paychex Oasis Access your Paychex Flex account & chat with a live representative 24/7 or review our FAQs. Having adequate support can help employees manage stress and solve problems, which may reduce the negative impact on the company's bottom line and overall morale. Hire, pay, manage, and retain employees with confidence, Compliance expertise every step of the way, Bundles built to fit businesses of every size, Customized solutions for support beyond payroll, Flexible pay options for employees to choose from, No cost or obligation until your first payroll, Easy online payroll, tax filing, sign up, and set up. When you layer this on top of the numerous issues that may already be keeping employees from work being caregivers or getting sick themselves absenteeism can become a serious issue. New versions can be downloaded from the links below. Depending on federal and state laws and regulations, businesses may be legally required to offer unemployment insurance, workers' compensation, and other benefits. Paychex: Payroll & HR Solutions That was music to my ears as a new CFO . While every state is different, most state-facilitated retirement programs: Also noteworthy is that a business located in a state without a mandate to offer a workplace retirement plan might still have obligations regarding a workplace retirement program if they have employees working and reporting income in a state that has such a mandate. 32% of business owners struggle with offering competitive employee benefits and compensation.1. By comparing these figures, you can calculate a rough annual cost to your organization. For example, Wisconsin does not have a state retirement savings program mandate, but the state of Illinois does have a mandate. Thanks! Thanks! Not Registered Yet? As we bring on new talent, Paychex is doing a comprehensive review of our benefits plans and is also working with us to create new benefits that we dont even offer today to ensure we really are an employerof choice., "Having a partner to help me with payroll affords me extra time to work on my business, do networking, and actually build the business. Connecticut launched the MyCTSavings retirement savings program in early 2022 and established deadlines for businesses to register their employees. By signing up, you agree to our Terms of Use Sign up Already signed up? 12023 Priorities for Business Leaders, Paychex. The state began planning to implement the Green Mountain Secure Retirement Plan in 2017, a voluntary multiple employer plan (MEP) designed for employers with 50 or fewer employees. Contact Us - Call Paychex Benefit Accounts at (855) 678-7781, Toll Free at (855) 678-7781 or Email us at PaychexBenefitAccountCS@healthaccountservices.com Their contribution limits are not as high as 401(k)s. Many state programs also require the employer to do their own plan administrationfiling, reporting, adjusting contributions limits, and more. Paychex Flex received the highest customer satisfaction score based on more than 30 key metrics based on IDCs SaaSPath Survey. FinFit is a proud member of the Center for Financial Services Innovation (CFSI) Financial Health Network, made up of organizations committed to improving financial health for all Americans. *. Manage HR, payroll, benefits, and more from our industry leading all-in-one solution, Use Our Easy, Online Sign-up Process and Get Started Today. 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. Among the many benefits, a PEO helps businesses monitor and adapt to changes involving local, state, federal regulations, healthcare reform, COBRA, and minimum wage requirements, as well as state unemployment insurance. EAPs have trained representatives that can evaluate the needs of the employee and connect them to the best resource to help with that need. Enter your Client ID, Login ID and Email Address below. The Federal Reserve reports that roughly a quarter of non-retired adults have no retirement savings. Businesses may set up their own employee benefits packages, but managing company benefits services and employee plan services accounts and keeping up to date with regulations can be a burden. ", What we learned in a discovery process with Paychex was all the different services that were available. An email will be sent to the email address of file if all three fields match. This is the tenth consecutive year that the research and analyst firm has recognized Paychex technology solutions. Client ID. Contribution amount per pay period will be 3 percent to 6 percent. Participants must have payroll administered by an eligible third party. When evaluating whether a PEO is right for your business, it's important to examine potential risks or disadvantages of a PEO, depending on the PEO and terms of the service agreement. Notice: User accounts created before 11/1/2019 must be recreated. 1 benefit of outsourcing HR administration was having fewer mistakes.1 Participants also reported outsourcing HR helped increase productivity, provided better analytics and reporting, improved regulatory compliance, and reduced costs. They want to be heard. The Colorado Secure Savings Program requires businesses with five or more employees to offer a workplace retirement program. A business located in Wisconsin that also has the requisite number of employees working and reporting income in Illinois would be required to register for the Illinois Secure Choice Savings program for those employees or offer a private retirement plan for them that satisfies the mandate. Smaller or newer employers can join voluntarily. In the long run, providing employee resources can go a long way in demonstrating how much you value your workforce. Employee Benefit Services: Plans & Management | Paychex Login with Paychex Flex. The program will have auto-enrollment and give employees the choice of opting out. Access your Paychex Flex account &chat with a live representative24/7 orreview our FAQsto find answers to common questions about making adjustments to your employer-sponsored Paychex 401(k) retirement plan. The OregonSaves program has made great strides in helping private-sector workers who dont have access to workplace retirement plans. 312 0 obj <> endobj Paychex has been awarded the IDC 2022 SaaS Customer Service Satisfaction Award for Core HR. Our licensed insurance agents will look at your insurance needs and help find a healthcare plan to fit your situation. The web version or the app doesn't work with the same username and password used before. Whether it's recommending a counselor or providing a list of local photographers to lessen the stress of planning an upcoming wedding, the representatives that work with EAPs can quickly and efficiently go to work for your employees. Enacted: Maryland, Colorado, Connecticut, New York state, New Jersey, Virginia, Maine, Vermont, and New Mexico, and the city of Seattle, WA. EAPs can suggest resources that help with many needs from mental health counseling to personal service discounts on babysitting or insurance. One of the most frequent responsibilities that business owners would like to outsource is the administration of 401(k) and benefits. "What makes a successful company is the employees. For example, you may prefer a traditional 401(k) plan that has higher contribution limits for employees. %PDF-1.6 % Paychex offers large business solutions; a blend of service and technology to help in your efforts to stay compliant & in control of your HR infrastructure. Log in to access your pay stubs and Form W-2 from our simple, online payroll service. In certain cases, EAPs can directly help a company resolve ongoing issues. Tell us more about your business with our interactive solutions tool. Paychex Go 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. All other trademarks and service marks are the property of their respective owners. The Promotion cannot be combined with any other offer and is a limited time offer that is only available during the Promotion Period. Each plan will have its own limitations on number of covered employees, number of services offered, and how often employees can access the service. Self-employed business owners can also participate. The CalSavers program offers a traditional IRA in addition to a Roth IRA, and has oversight from a public board of directors. 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. This program requires businesses with five or more employees and no retirement plan to participate in a state-facilitated IRA program. We can contact someone 24 hours a day on our phone, on our computer, while were on vacation, wherever we might be., The tastes and preferences of our employees is a moving goalpost. Businesses may also give employees the options of voluntary benefits for dental or life insurance, flexible spending accounts (FSA/HSA), or 401(k) plans. To onboard, please log on to ourElectronic Onboarding System. These vary by location but may include Social Security and Medicare. Employers must register for the program by Dec. 31, 2025 or offer a private plan that meets the state mandate. When added to a larger employee benefits package, EAPs can come at a very reasonable cost to employers. Employees who have benefits tend to stay longer in their jobs, saving the organization the cost of replacement and onboarding. Mon - Fri, 8:00 am - 8:00 pm ET. arrow_forward First name Last name Email Phone Where did you hear about us? Presently, the contribution amount default will be 5% per pay period, but this is flexible. Paychex Waited anxiously for the first pay check but never received. Access to care counselors is available 24/7, and all communications are personal and confidential. 1 Paychex Workforce Challenges Faced by Small Businesses Survey, 2019 *. Businesses that dont comply could potentially incur state penalties. Absenteeism and stress are closely related. Stress management can help employees be more productive, as well as work smarter and safer, especially those who are involved in various forms of physical labor. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. Enter your email below and we'll help you reset your password. Across America, many states are experiencing a retirement savings crisis. The Promotion is available to Eligible Clients only and will consist of three months of free payroll services.