Lighting the Way for Your Employee Benefits, Business Insurance & HR Success!
Group Benefits - California
Group benefits are crucial for employee recruitment and retention
Group benefits create a healthy, thriving, and productive workforce; and, they are one of your top three business expenses.
For these reasons, group benefits require time and attention from your management team to create the right program for your company; similar to the time and attention you spend determining employee pay, business software, advertising budgets and more.
BeaconPath understands these challenges and knows each company has its own unique path to success.
Using our proactive assessment process to determine your specific goals, risks, and needs, BeaconPath will bring brighter solutions that produce better performance for your business.
Group Benefits may include:
Health Insurance: Fully-Insured, Level-Funded and Self-Funded options
Consumer Driven Health Plans (HDHP): Health Savings Account (HSA), Health Reimbursement Arrangement (HRA)
Ancillary Insurance: Dental, Vision, Life, Disability, Employee Assistance Program (EAP), Pet Insurance
Retirement Savings Plans: 401(k), 403(b), Safe Harbor, Profit-Sharing
Tax Saving Plans: Premium Only Plan (POP), Health and Dependent Care Flexible Spending Accounts (FSA)
Voluntary Plans: Hospital Reimbursement, Accident, Specific Illness, Life Insurance
Employee benefits, voluntary benefits, perks, fringe benefits have always been important for attracting and retaining top performers and employees want to know they matter to their employers. Providing world-class benefits options can do just that.
Our blog: “Employee Benefits - Voluntary Benefits”, provides insights, tips, compliance checklists, and resources to keep your business on top of the challenges employers are facing in 2023 and beyond.
Mandatory Retirement Savings Plans for California Employers
The state of California requires employers with five or more employees to either provide a private retirement savings plan for their employees or register for the state plan, known as CalSavers.
Along with the CalSavers program, there are many other types of retirement plans available to employers, such as a 401(k), 403(b) or defined benefit plans. Download our brief on Choosing a Retirement Plan, which includes a comparison chart of options available.