If so, who do you use to set it up and administer the plan? What has your experience been with the plans? The good and the bad.
The administrative headaches of handling PHI alone makes it worth while to hire it out rather than do it yourself, but there is also the threat of significant penalties and lawsuits if a mistake is made.
Your business accountant should have some recommendations . Good for you that you are doing this. Isn’t it amazing how trickle down works? Taxes are cut, small business booms, workers become in demand, owners try to improve employee satisfaction and thus retention, worker benefits from better benefits.
And of course, most small business owners are good folks and simply want to right by their people who are in a sense like their children and they feel protective of them.
And we are going through a major one. We've wanted to move some people from PT to FT and add benefits for a couple of years now. It feels good as a business owner to be able to grow and create opportunities.
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