Common benefit types
- Health, dental, vision; HSAs/FSAs
- Retirement plans (401(k), SIMPLE, SEP)
- Life/disability insurance
- Education assistance, commuting, de minimis benefits
Taxable vs. excludable
Some benefits are excluded from employee income if plan and nondiscrimination rules are met; others must be taxed via payroll.
Reporting & payroll handling
Set up pre‑tax vs. post‑tax deductions correctly; include taxable benefits in wages and withhold/pay applicable payroll taxes.
Plan design & strategy
Choose benefits that fit your hiring goals and budget; consider safe‑harbor retirement plans for simpler administration.