401(k) true-up
A 401(k) true-up is a year-end adjustment made by employers to ensure that eligible employees receive the full amount of matching contributions promised under the company’s retirement plan. This adjustment
Payroll Vocabulary Explained
A 401(k) true-up is a year-end adjustment made by employers to ensure that eligible employees receive the full amount of matching contributions promised under the company’s retirement plan. This adjustment
A timesheet is a formal record that tracks how many hours an employee or independent contractor works over a given timeframe. Employers use timesheets for purposes like tracking project labor,
A Third-Party Administrator (TPA) is an independent service provider that helps companies manage the administration and oversight of their employee health insurance plans. Many employers, especially those offering self-funded benefits,
A Tax Identification Number (TIN) is a unique nine-digit code issued by either the Internal Revenue Service (IRS) or the Social Security Administration (SSA) to individuals and businesses. It’s primarily
