Paychex Flex received the highest customer satisfaction score based on more than 30 key metrics based on IDCs SaaSPath Survey. Talk to one of our retirement specialists about how to make employee benefit plan management simple and affordable. When you consider the true cost of losing an employee (impact on morale, productivity loss, cost of recruiting, hiring, and onboarding a new person), investing in an EAP to help support your retention efforts makes a lot of sense. Roughly half of companies with 10 to 500 employees expect that hiring quality staff will be more challenging in the next 12 months.1 Offering benefits like an EAP can really set your company apart. Business Intelligence Group recognized Paychex Pre-Check with a 2023 BIG Innovation Award for its innovative approach to introducing more automation into the payroll cycle for employers and allowing employees the opportunity to confirm paycheck accuracy before payday. New. A dedicated Paychex HR professional is also assigned to you to proactively assess your needs and create an action plan and provide knowledgeable HR advice. * 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. Here are factors to consider: Ultimately, it's critical to consider both the pros and possible cons of PEOs. Support InformationMinimum Internet Browser Requirements. As noted above, offering competitive benefits remains a pressing issue. "What makes a successful company is the employees. Thanks! Recent legislation expands the program to almost all employers with at least one employee (sole proprietors are excluded). An EAP is included as part of all Paychex HR Services offerings, and clients can get started by contacting their dedicated HR professional. In instances where a company might only be able to offer its workers a bare-bones health insurance plan, a PEO may be able to provide a choice of generous coverage options for medical, dental, and vision care, as well as life, disability, and workers' compensation coverage. 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. One of the most frequent responsibilities that business owners would like to outsource is the administration of 401(k) and benefits. An Eligible Client is a client that: (1) is not currently receiving payroll services from Paychex; (2) elects either the Paychex Flex Enterprise, Pro, or Select payroll services package by entering into a service agreement with Paychex; (3) has 20+ employees at the time it commences payroll services with Paychex; (4) processes its first payroll with Paychex during the Promotion Period; and (5) continues to process payroll with Paychex for twelve consecutive months. Not Registered Yet? An EAP, which stands for employee assistance program, is one example of how you can help employees resolve a variety of issues that contribute to stress, which in turn may be adversely affecting their work performance and morale. Section 125 cafeteria plans, such as a Flexible Spending Account (FSA) or Premium Only Plan (POP), help employees pay for qualified medical expenses and health insurance premiums, respectively, with pretax funds, which helps them save money by reducing their taxable income. Have you lost your group coverage? Email Address. Enroll in direct deposit or make changes such as removing bank accounts, adjusting the amounts deposited between them and a payroll debit card, and more. 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. A Paychex HR business partner is available to help you select a benefits package that meets your business goals, budget, and company culture. 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. 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. In the 2022 Paychex Pulse of HR Survey, 60% of HR leaders said they were concerned about employee burnout, an 18% increase from before the pandemic. There are numerous EAP providers, each with their own unique plans and offering sets. Certain products and services may be licensed under U.S. Patent Nos. Paychex solutions for businesses with 2049 employees can help owners and managers save time, reduce errors & stay informed of new and changing regulations. Here in this video we are going to show you step by step process on how you can log in to Paychex employee account in a couple of minutes.Paychex, Inc. is an American provider of human resource, payroll, and benefits outsourcing services for small- to medium-sized businesses. That translates to roughly 2 million employees with no retirement savings. 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. CA license #0C28207. One more wave of implementation is also planned: employers with 5-15 employees must register by November 2023. 1The Three Months of Free Payroll Promotion (the Promotion) will run from 3/1/23 until 5/31/23 (the Promotion Period) unless ended earlier by Paychex and is subject to the following terms and conditions. Businesses with 5 to 25 employees must register by Oct. 31, 2023. %PDF-1.6 % 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. All rights reserved. Hours of Operation 0 To that end, employers looking to add an EAP to their existing benefits package should take the following steps. Login ID. How Do You Offer and Manage Employee Benefits? Enter your Client ID, Login ID and Email Address below. Employees may also gain access to a 401(k) savings plan and consumer-directed health plans such as flexible spending accounts and health savings accounts. 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. The goal is to offer nearly 800,000 private-sector employees a chance to start saving for retirement. For example, in Connecticut, 600,000 working people still have no access to retirement plans. The state has a proposed launch of Jan. 1, 2025 for Delaware EARNS (Expanding Access for Retirement and Necessary Savings), a mandatory state-facilitated retirement savings program (Roth IRA). Working with Paychex (on benefits) allows me to showcase to potential employees that we are different (than other startups).". An EAP is not health insurance. Mon Fri, 8:00 am - 8:00 pm ET, Hours of Operation I can ask anything. Log in to access your dashboard, run payroll, and view reports from our simple, online payroll service. Fill out this form to enroll in the Skylight PayOptions Program and to receive a Skylight ONEPrepaid MasterCard. Login. We see you've logged Into Paychex Flex before. *Subject to credit approval. The deadline for businesses with 26-plus employees has passed. Login ID. This can be burdensome to smaller businesses that dont have the time or staff to do complex plan management. Businesses with five (5) or more employees that have been in operation for at least six months must register for the state program if they already do not have an auto-IRA plan for all employees or sponsor a qualified retirement savings plan. The Colorado Secure Savings Program requires businesses with five or more employees to offer a workplace retirement program. Businesses with 3-4 employees are expected to register for the program by March 1, 2023 while businesses with 1-2 employees have a July 31, 2023 deadline to register. CA License #0C28207. There are things you can do to help alleviate some of the burdens of competing priorities and other stressors. For the 12th year in a row, Paychex has earned PLANSPONSOR magazines distinction of being the nations largest 401(k) recordkeeper by total number of plans. Businesses may also give employees the options of voluntary benefits for dental or life insurance, flexible spending accounts (FSA/HSA), or 401(k) plans. The Illinois Secure Choice Retirement Program is a mandatory state-facilitated Roth IRA savings program that plans to send enforcement notices to noncompliant employers starting in 2022. Many businesses outsource their benefits administration to an all-in-one provider who can manage the complexities of retirement, health insurance, compliance, and ACA/ESR requirements. Paychex tiene el compromiso de brindar recursos para la comunidad hispanohablante. 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. EAPs have trained representatives that can evaluate the needs of the employee and connect them to the best resource to help with that need. Paychex Flex clients also need to create a separate account on the Paychex Store. The Federal Reserve reports that roughly a quarter of non-retired adults have no retirement savings. 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. Here is a brief update on the enacted state-facilitated retirement programs as of November 2022. Depending on the situation, employees can access certain services from the safety and privacy of their own home. CalSavers has begun to notify businesses about penalties for noncompliant employers. They want to be taken care of. The state implemented its program and employers can begin registering. With a PEO, employees don't have to obtain health insurance through a government marketplace (which only offers medical and stand-alone dental benefits). That was music to my ears as a new CFO . An EAP can also help a business meet employees' needs while staying within its budget. Log in to access your pay stubs and Form W-2 from our simple, online payroll service. The service is usually provided as part of a larger benefits package and connects employees to assessments, short-term counseling, referrals, and follow-up services. Paychex is a registered Independent Sales Organization of Wells Fargo Bank, N.A., Concord, CA. 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. The OregonSaves program has made great strides in helping private-sector workers who dont have access to workplace retirement plans. Findings from the National Association of Professional Employer Organizations (NAPEO) showed that small businesses in a PEO had turnover rates between 10 and 14 percentage points lower than average, depending upon the industry. I can grow my practice in the best way I see fit and have the resources I need.". PEO clients can help reduce the cost of health insurance benefits for employees, compared to those who go it alone. The most important step for launching a successful employee assistance program is identifying which services are needed by your employees. The Massachusetts CORE Plan is voluntary and allows non-profit organizations with 20 or fewer employees to participate in the 401(k) multiple employer plan (MEP) administered by the state. Call in the professionals. 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. 1 2023 Priorities for Business Leaders, Paychex, 2 NAPEO Market Research Tracking Survey Report from December 2021, State-facilitated Workplace Retirement Programs: What Businesses Should Know. Please note that Paychex no longer supports Internet Explorer version 10 and lower. Login for Administrators & Employees. The Promotion cannot be combined with any other offer and is a limited time offer that is only available during the Promotion Period. Federal mandatory employee benefits include: The price of an employee benefits package can vary depending on the complexity of the plans. Mon - Fri, 8:00 am - 8:00 pm ET. Client ID. 6,000,608 and 6,189,787. 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. 359 0 obj <>/Encrypt 313 0 R/Filter/FlateDecode/ID[<660170AEF69C6147983692877A4EB260>]/Index[312 97]/Info 311 0 R/Length 183/Prev 502751/Root 314 0 R/Size 409/Type/XRef/W[1 3 1]>>stream An Eligible Client must be processing payroll with Paychex in order to receive three months of free payroll services, and any unused month is not redeemable in U.S. currency or for any other entity. Self-employed business owners can also participate. Making the leap to owning an interior architectural design firm created cash flow and payroll challenges. 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. ", "For a very small business person, Paychex is like a treasure trove for me. Enter your Client ID, Login ID and Email Address below. 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. Employers must register for the program by Dec. 31, 2025 or offer a private plan that meets the state mandate. Contact Us - Call Paychex Benefit Accounts at (855) 678-7781, Toll Free at (855) 678-7781 or Email us at PaychexBenefitAccountCS@healthaccountservices.com If you're evaluating your benefits plan on a broader scale or looking to switch providers, consider how Paychex can help you attract and keep an engaged and productive workforce. Check the status of your state at our online resource center. An email will be sent to the email address of file if all three fields match. *. Please note that Paychex no longer supports Internet Explorer version 10 and lower. 85% of employees would like consultation on financial education.3 This valuable benefit is offered free to all Paychex customers. Having these tools on hand can have positive impacts, such as improved time management and more energy throughout the workday. Your employees may be willing to share what they need most, especially if they understand that the information is to be used to help you improve company benefits offerings. An EAP provides a confidential source that employees can use to find support and resources for certain challenges they face. Employers are currently required to automatically enroll employees in the IRA savings program if they do not offer their employees a retirement savings plan. Our most popular platform, Paychex Flex is an all-in-one solution for all things HR payroll, time and attendance, benefits, and more. Participants must have payroll administered by an eligible third party. While the details of an individual program are identified in the plan documents, many EAPs provide critical support for serious issues. Paychex was honored by the Ethisphere Institute as one of the Worlds Most Ethical Companies for 2022. Data can also be made available to brokers or third-party administrators. Being an 14-year honoree underscores Paychexs commitment to ethical business standards and practices, ensuring long-term value to key stakeholders including customers, investors, and employees. I haven't been able to login since I started my account. If your company manages the software on your computer, please contact your IT department for updates. Manage benefits by logging in to access the Flock benefits administration platform. Lyrid Inc. did its homework by first listening to its employees and then selecting Paychex to help put a benefits package in place that matched what they wanted and needed to be successful. Attract and retain the best talent with access to a cost-effective, comprehensive employee benefits package, which can help you level the playing field with Fortune 500 companies, take time-consuming HR administrative responsibilities off your plate, and is supported with seamless employee benefits administration. 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. Businesses that dont comply could potentially incur state penalties. We offer benefits administration tools that help you with the process of choosing, setting up, and managing your benefits package. Leverage complete administrative visibility and control over comprehensive benefits data and processes, including up-to-the-minute status and eligibility changes. Likewise, feeling stressed or overworked, an inability to achieve sufficient work/life balance, and not having access to resources are some of the reasons why employees choose to leave a job. Support your workforce in their efforts to secure their financial future with: We offer all-in-one payroll and employee benefits administration for more efficient recordkeeping. 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.