Cardinal Presentation Wheel of Employment

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Cardinal Intro and what it costs to be an employer

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Cardinal Presentation Wheel of Employment

  1. 1. A closer look at employer costs The Wheel of Employment
  2. 2. employer employee Adjusted gross Net paycheck Gross payroll $1,000
  3. 3. employer employee fica Adjusted gross fica Net paycheck Gross payroll 7.65% 7.65% $1,000
  4. 4. employer employee fica futa Adjusted gross fica fit Net paycheck Gross payroll 7.65% .8% 7.65% 15% $1,000
  5. 5. employer employee fica futa suta Adjusted gross fica fit sit Net paycheck Gross payroll 7.65% .8% 3.3% 7.65% 15% 9% $1,000
  6. 6. employer employee fica futa suta Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour 7.65% 15% 9% $1,000
  7. 7. employer employee fica futa suta Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour 7.65% 15% 9% Workers comp Varies $1,000
  8. 8. other other employer employee fica futa suta Workers comp Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% 401k? Insurance? Garnishments? Insurance? 401k? Local Tax? $1,000
  9. 9. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Local Tax? $1,000
  10. 10. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Local Tax?
  11. 11. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $500 $1500 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Local Tax?
  12. 12. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Local Tax?
  13. 13. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Local Tax?
  14. 14. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Form 941 Local Tax?
  15. 15. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Form 941 Form 941 Local Tax?
  16. 16. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Form 941 Form 941 Local Tax? OR132/OQ/WR
  17. 17. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Form 941 Form 941 Local Tax? OR132/OQ/WR
  18. 18. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Form 941 Form 941 Local Tax? OR132/OQ/WR
  19. 19. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Form 941 Form 941 Local Tax? OR132/OQ/WR OR132/OQ/WR
  20. 20. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Form 941 Form 941 Local Tax? OR132/OQ/WR OR132/OQ/WR OR132/OQ/WR
  21. 21. Confused Anyone?
  22. 22. Our Employer Packages Suite Solutions
  23. 23.         Payroll Administration Human Resource Administration and Compliance Employee Benefits, Administration, and Compliance Workers Compensation and Risk Management Employee Screening Services
  24. 24. <ul><li>Payroll Administration </li></ul><ul><ul><li>A la ADP/Paychex </li></ul></ul><ul><li>Provide payroll </li></ul><ul><li>Assure tax payments </li></ul>
  25. 25. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Form 941 Form 941 Local Tax? OR132/OQ/WR OR132/OQ/WR OR132/OQ/WR
  26. 26. employer employee Gross payroll Workers comp Varies HR administration 4-8% $1000 Ahhhh....
  27. 27. employer employee Gross payroll Workers comp Varies HR administration 4-8% $1000
  28. 28. <ul><li>Co-Employment </li></ul><ul><ul><li>Worker leasing </li></ul></ul><ul><li>Payroll </li></ul><ul><li>Workers Comp </li></ul><ul><li>Risk Management </li></ul><ul><li>BI’s </li></ul>
  29. 29. Workers Compensation Costs <ul><li>Up Front Deposits </li></ul><ul><li>Annual Audits </li></ul><ul><li>Injuries/Claims Management </li></ul><ul><li>Return to work </li></ul><ul><li>Light duty </li></ul><ul><li>Safety Committees </li></ul><ul><li>OSHA </li></ul>
  30. 30. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Form 941 Form 941 Local Tax? OR132/OQ/WR OR132/OQ/WR OR132/OQ/WR
  31. 31. employer employee Gross payroll HR administration 4-8% $1000 Ahhhh....
  32. 32. employer employee Gross payroll HR administration 4-8% $1000
  33. 33. <ul><li>Co-Employment </li></ul><ul><ul><li>PEO </li></ul></ul><ul><li>Payroll </li></ul><ul><li>Workers Comp and Risk Management </li></ul><ul><li>Human Resources </li></ul><ul><li>Benefits </li></ul><ul><li>EE Screening </li></ul>
  34. 35. Human Resource Costs <ul><li>Employee Orientation </li></ul><ul><li>Performance Management </li></ul><ul><li>Progressive Discipline </li></ul><ul><li>Terminations/Layoffs </li></ul><ul><li>Administration </li></ul><ul><li>Personnel Record Keeping </li></ul><ul><li>Benefit Administration </li></ul><ul><li>Employee Handbooks </li></ul>
  35. 36. other other employer employee fica futa suta Workers comp HR administration Adjusted gross fica fit sit Net paycheck Gross payroll wbf wbf 7.65% .8% 3.3% 1.4 cents per hour 1.4 cents per hour Varies 7.65% 15% 9% $1,000 $680 $1120 401k? Insurance? Garnishments? Insurance? 401k? 4-8% Form 940 Form 941 Form 941 Form 941 Local Tax? OR132/OQ/WR OR132/OQ/WR OR132/OQ/WR
  36. 37. employer employee Gross payroll $1000 Ahhhh....
  37. 38. Additional Services Complete Flexible Solutions
  38. 39. Additional Services <ul><li>Time and Attendance </li></ul><ul><li>Employment Screening </li></ul><ul><li>Benefits </li></ul><ul><li>HR Consulting and Packages </li></ul><ul><li>Workers Compensation and Safety Services </li></ul><ul><li>Hiring Services </li></ul>
  39. 40. Time and Attendance <ul><li>Web Application </li></ul><ul><li>Plug and Play Timeclocks </li></ul>
  40. 41. Employee Screening <ul><li>Criminal Background Checks </li></ul><ul><li>Employment Verifications </li></ul><ul><li>Other Verifications </li></ul>
  41. 42. Benefits <ul><li>401(k) </li></ul><ul><li>Flexible Spending Account (FSA) </li></ul><ul><li>Life Insurance </li></ul><ul><li>Dental Insurance </li></ul><ul><li>Vision Insurance </li></ul><ul><li>Benefit Management </li></ul>
  42. 43. HR Consulting and Packages <ul><li>HR Support Center </li></ul><ul><li>HR Help Desk </li></ul><ul><li>HR Consulting Retainer </li></ul><ul><li>HR Consulting a la Carte </li></ul><ul><li>Employee Handbooks </li></ul>
  43. 44. Workers Comp/Safety <ul><li>Workers Comp Coverage </li></ul><ul><li>Injury Claims Management </li></ul><ul><li>Safety Committees/Meetings </li></ul><ul><li>Safety Training </li></ul><ul><li>OSHA Compliance </li></ul>
  44. 45. Hiring Services <ul><li>Conversion Enroll </li></ul><ul><li>Conversion Dispatch </li></ul><ul><li>Direct Hire </li></ul><ul><li>E-Hire </li></ul>
  45. 46. Health Insurance A quick note on HSAs/HRAs/FSAs
  46. 47. Flexible Spending Accounts <ul><li>A cafeteria plan under IRS code Section 125. There are three components for qualified medical expenses of an FSA: </li></ul><ul><li>A) Health insurance premiums </li></ul><ul><li>B) Qualified medical expenses </li></ul><ul><li>C) Dependent care expenses </li></ul><ul><li>Employee Funded </li></ul>
  47. 48. FSA Contributions <ul><li>Cafeteria contributions are exempt from: </li></ul><ul><li>- Federal Income Tax </li></ul><ul><li>- State Income Tax (Oregon) </li></ul><ul><li>- FICA and FUTA </li></ul><ul><li>Cafeteria contributions are tax free going in and tax free coming out. </li></ul>
  48. 49. FSA Employee’s Risk <ul><li>Use – It – Or – Lose – It – Rule </li></ul><ul><li>They cannot go back to the employee who left the funds in the account. </li></ul>
  49. 50. FSA Employer’s Risk <ul><li>The uniform coverage IRS rule states that the full amount elected by the employee is available to the employee on day one regardless of account balances. </li></ul><ul><li>Less than 1% of employer’s get burned by employees leaving. </li></ul>
  50. 51. Health Reimbursement Agreements <ul><li>Employer contributes a predetermined amount to each member's account annually. </li></ul><ul><li>The member may use the funds in the HRA to pay for medical care. </li></ul><ul><li>Employers can determine if unused funds rollover to next year. </li></ul>
  51. 52. HRA Advantages for the Employer <ul><li>This is an EMPLOYER CONTROLLED plan. </li></ul><ul><li>Employer determines their level of contribution. </li></ul><ul><li>Employer determines the order in which benefits are paid. </li></ul>
  52. 53. HRA Advantages for the Employer <ul><li>Can be used with ANY health plan. </li></ul><ul><li>Retention tools: </li></ul><ul><ul><li>Employees can be allowed to build up a fund for medical emergencies if a carry over feature is offered by the employer. </li></ul></ul><ul><li>Employer can fund the full deductible. </li></ul>
  53. 54. Health Savings Accounts <ul><li>The employer purchases a High Deductible Health Plan to provide protection from large medical bills. </li></ul><ul><li>An HSA is established for each covered employee to pay for qualified medical expenses. HSA funds can be used for expenses that apply toward the deductible. </li></ul><ul><li>Employees and/or employers make pretax contributions to the HSA. </li></ul><ul><li>Withdrawals from the HSA are tax free for qualified medical expenses. </li></ul><ul><li>Employees own and control the money in the HSA. </li></ul>
  54. 55. Employer Size Affordable Health Care Act
  55. 56. Employer w/ 50+ EEs <ul><li>Beginning in 2014, provide coverage or pay a fee </li></ul><ul><ul><li>They count funny </li></ul></ul><ul><ul><ul><li>FT = 30 hours per week </li></ul></ul></ul><ul><ul><ul><li>PT = total all hours worked for all PTers in a month then divide by 120 (which equals 30 hours per week)….sort of </li></ul></ul></ul>
  56. 57. Employers w/ under 25 Ees <ul><li>Tax credits available starting in 2010 for eligible employers who provide health insurance </li></ul><ul><ul><li>Must pay at least 50% of the premium </li></ul></ul><ul><ul><li>Other eligibility rules apply </li></ul></ul><ul><li>How much is the tax credit? </li></ul><ul><ul><li>Up to 35% of premium cost in 2010 </li></ul></ul><ul><ul><li>Up to 50% of premium cost in 2014 </li></ul></ul>
  57. 58. Employers w/ 26-49 Ees <ul><li>No tax credit available </li></ul><ul><li>… .but also no fees for NOT offering coverage. </li></ul>
  58. 59. Thank you!

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