Offering a 401(k) plan can be an effective part of an employer’s recruiting and retention strategy. Candidates have come to expect potential employers to not only offer a 401(k) plan but also to offer a match of their contributions. Offered through strategic partners, our 401(k) plans are flexible and can be tailored to the needs of your organization and your employees.
Greater Tax Savings
Explore plan design options to increase deferrals
Control what you pay for your employees
Low Cost Plans
Enjoy some of the lowest, most transparent fees in the industry
Pay only for services used and scale up only as your needs change
Update personal information
The U.S. Department of Labor recommends that companies review their 401(k) plans every two years to make sure the plan is in compliance. Contact us and we’ll have one of our 401(k) partners meet with you and complete a free plan evaluation.
Section 125 plans allow employees to set aside part of their pay for qualified medical or dependent care expenses. The deduction for contributions to a Section 125 plan are made pretax, which reduces the amount of tax owed for both the employee and the employer.
Premium only plans (POP) allow employees to pay for health insurance premiums with pretax dollars.
Flexible spending accounts or flexible spending arrangements (FSA) allow employees to pay for qualified health care costs with earnings that are not taxed.
Health reimbursement arrangements (HRA) are funded by the employer and used by the employee to pay for qualified medical expenses. Employer contributions to an HRA are tax deductible and are also not taxable for the employee.
Dependent care plans allow employees to set aside tax free dollars for use on qualified dependent care expenses such as child or adult day care.
Transportation plans, otherwise known as Section 132 plans, allow employees to set aside tax free dollars for use on qualified transportation expenses such as bus and parking passes. Contact us to learn more about available plans.
Early Wage Access
According to the American Payroll Association, 69 percent of Americans are living paycheck to paycheck. As a result, employees experience stress about their finances, and that stress can decrease productivity at work.
Early access to earned wages can help balance cash flow between paychecks and reduce financial stress. Early wage access is a popular perk you can add to your benefits package that aids in retention and recruiting efforts.
We partner with ZayZoon to provide your staff financial wellness tools and early wage access with very little time investment and no cost to you. As an Inova HCM client, you can get set up with ZayZoon in minutes with no ongoing work, no liability, and no cost to you.
To learn more, ask your sales or support representative or visit the ZayZoon website.
Workers’ Compensation Insurance
Workers’ compensation insurance covers injuries or illness that an employee has suffered while on the job, providing medical and wage payments to the employee and limiting the employer’s liability. The majority of states require employers to purchase workers’ compensation insurance, so we partner with insurance agencies to offer traditional plans as well as plans based on actual payroll.
Workers’ Compensation Through Inova Partners
Qualified businesses can choose an efficient and cost-effective workers’ compensation insurance solution that fully integrates with our smart payroll and HR services.
Premiums are calculated on your actual payroll eliminating end-of-year surprise bills
No deposit or down payment required
Minimizes costly and time-consuming annual audits
Backed by 25 years of workers’ comp experience & top rated insurance carriers such as Travelers and The Hartford
Ensure your business is compliant and protected with resources and certified professionals available to address your HR questions and needs. From everyday best practices to your most challenging HR issues, HR On-Demand from Mammoth with Think HR has the tools and information you want including unlimited consulting, custom employee handbooks, live chat help, and more.
Unlimited ask the pro consulting – get advice from certified HR Pros via phone, online chat or mobile app
Custom employee handbooks – get a comprehensive employee handbook created just for your organization
Tailored job descriptions – job descriptions and HR documents written to meet your unique needs
Free quarterly harassment prevention training – interactive webinar designed for supervisors
Online HR Support Center – tools and resources to manage compliance
You can virtually outsource your HR department with HR On-Demand. Receive UNLIMITED HR consultations and answers to your toughest HR questions, plus customization of employee handbook, job descriptions, forms, letters and more. Contact your Inova Payroll representative to sign up.
4.8 out of 5 stars: HR Pro customer satisfaction rating five years running
98% of our current users would recommend our services to others
Background Screening Services
Inova Payroll offers employment screening services through a partnership with National Crime Search, which provides high-quality, low-cost solutions tailored to meet a variety of organizational background search needs.
From entry-level to executive, get the facts on your candidate to make the right hire the first time.
Employment and education verification
Social Security Number validation and address tracker