Have you reviewed your 401k and or Health Benefits options lately?
It’s hard to believe we are starting Quarter 2 already. I would like to take a moment to express our gratitude for your continued trust in Bridgely Key Options for all your payroll and workers’ compensation needs. As a high-level service partner with your PEO, Bridgely Key appreciates the opportunity to serve you and your business.
Your dedication to your employees and your business motivates us to continue delivering the highest quality services and support. If you’re not already taking advantage of 401k and health benefits, we encourage you to explore the benefits of these services. We cover a few of the benefits below and how these services can be crucial in attracting and retaining top talent. We would be happy to help you find the right cost-effective solution that fits your business needs and budget.
At Bridgely Key Options, we are always here to help you navigate the complex world of payroll, workers’ compensation, and employee benefits. If you have any questions or concerns, please don’t hesitate to reach out to us. We’re dedicated to your success and committed to providing the best possible service and support.
Thank you again for your trust in our services. We look forward to continuing to work with you and helping your business thrive.
401K and Health Benefits
Using 401k and health benefits is highly beneficial in attracting and retaining quality employees because it demonstrates that you care about their well-being and financial future. Offering a 401k plan with a matching contribution is a powerful incentive for employees to stay with your company for the long term, as it provides a retirement savings option that will grow over time. This can be a significant factor in attracting the employees you want. Utilizing the 401k plan at your PEO is significantly cheaper than the outside market. If you haven’t looked into this recently, it is worth your time to do so.
Similarly, offering health benefits can be a major factor in employee satisfaction and retention. Health benefits provide employees with access to quality medical care, which can help them maintain their health and well-being. Additionally, offering health benefits can help your employees feel valued and supported by you, which can contribute to a positive work environment and increase loyalty to your company. Your PEO likely offers a group health plan. Group plans help to reduce costs and improve access to quality health care.
Overall, offering 401k and health benefits can help to attract and retain quality employees by demonstrating that you care about their long-term financial and physical health. This can be a powerful motivator for employees to join and stay with your organization, leading to increased productivity, high morale, and ultimately, your business’s success.