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Does the employer have to match the 401k contributions of their employees?
No, employers are not required to match the 401k contributions of their employees, but some employers choose to do so as a benefit to their employees.
What is the primary reason many employers rely on diplomas and degrees as sorting devices to choose employees?
employers do not know potential employees
Can employers pick and choose who to give health insurance?
Businesses with less than 50 employees are not obligated to provide health insurance; so in this instance, employers can pick and choose if they wish. Businesses with more than 50 employees are obligated to provide insurance. If they do not, a penalty must be paid for every employee in the company.
How does a 401k work for employers?
A 401k is a retirement savings plan offered by employers to their employees. Employers can choose to match a portion of their employees' contributions to the plan. The money contributed to a 401k is invested in various financial instruments, such as stocks and bonds, to grow over time. Employees can choose how to invest their contributions within the options provided by the plan. The funds in a 401k are meant to be withdrawn after retirement, typically starting at age 59 1/2, and are subject to certain tax implications.
Are full time employees entitaled to health insurance in Arizona?
There is no state or federal law in Arizona that requires employers to offer health insurance. It is a benefit that many employers choose to offer, but it is not required.
What is the earliest date w2's can be given out to employees?
Employers are required to provide W-2 forms to employees by January 31st of each year for the previous tax year. This means that the earliest date W-2s can typically be distributed is January 31. However, employers may choose to issue them earlier, as long as they comply with the IRS deadline.
Do you have to file workmen's comp if you lease contractors in the state of Texas?
Texas is the only voluntary Comp state. But employers remain liable for the workers' injuries and should opt out correctly if they choose to opt out - according to the state rules, filing their decision with the state and posting the proper notice to employees. Employers in all states need to realize they remain liable if they don't have coverage, and that their employees and their employees' families can sue them. Employees includes subcontractors, whether you're a homeowner using uninsured subcontractors or a large corporation.
Will churches have ot provide health insurance to employees in 2013?
The employer mandate under health reform does not being until January 1, 2014. Even in 2014, not all employers will be required to offer a health plan. Only employers who have 50 or more full-time employees face a penalty if they do not offer a plan. Counting employees is a very technical process -- seasonal employees who work less than 120 days a year don't count, but year-round part-timers count as a fraction of a full-timer. Employers who have fewer than 50 full-timers may still choose to offer a plan. It helps them in attracting employees and offering a competitive salary-benefit package.
Must an employer offer Flexible spending account?
Flexible Spending Accounts or FSAs are are pre-tax healthcare benefit offered by employers to their employees in an effort to offset the high costs of healtcare expensives. An employer is not obligated to offer the plan to their employee, but if they do, the monies deposited into the FSA saves the employer on paying FICA for the contributions.
What is the difference between voluntary insurance?
Voluntary insurance is optional and typically offered by employers to employees to supplement their core benefits. It allows employees to choose additional coverage based on their individual needs. In contrast, mandatory insurance is required by law or an employer, and employees must participate in the coverage provided.
How would you answer this Some of our employees choose to have prayer with patients or other employees This is a practice that is supported by Adventist Health How do you feel about employees having?
No fed or state law prohibits - or can prohibit - workplace prayer. Employment laws prohibit conduct by EMPLOYERS. As long as prayer does not consume significant amounts of paid work time, and is not imposed upon the patient by the employee, it is not harm.
Why do some employers choose to have their job interviews over the phone?
Convenience.
