Employee benefits

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Manage employee benefits such as medical, dental and savings.

If your company provides benefits for your employees such as medical and dental, Webtimeclock allows you to set contribution amounts and dates for both you the employer, and each employee. These contribution amounts are considered when calculating an employee's net pay.

Here is a list of available options.

Section 125 Medical

A benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to medical care.

Section 125 Vision

A benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to vision care.

Section 125 Dental

A benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to dental care.

Section 125 Disability

A benefit belonging to a Section 125 Cafeteria plan that helps employees cover premiums related to disability insurance.

Section 125 Accident

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover costs for emergency treatment covering injuries.

Section 125 Cancer

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover costs for financial and emotional support when dealing with cancer.

Section 125 Critical Illness

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover costs for life-changing illnesses and health events.

Section 125 Hospital

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover expenses not covered by major medical.

Section 125 Life

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees cover premiums related to life insurance.

Section 125 Medical Other

A supplemental benefit belonging to a Section 125 Cafeteria plan that helps employees pay for qualified expenses related to medical care.

401(k)

A 401(k) plan is a tax-qualified, defined-contribution pension account that provides for pre-tax retirement savings.

403(b)

A 403(b) plan is a retirement savings plan available to qualified non-profit groups. It has a tax treatment similar to a 401(k).

457

The 457 plan is a non-qualified, deferred-compensation retirement plan available to employees of government and certain non-profit organizations.

Roth 401 (k)

A Roth 401(k) plan is similar to the 401(k) plan, but where employees contribute post-tax funds and can withdraw tax free given certain criteria.

Roth 403 (b)

A Roth 403(b) plan is similar to the 403(b) plan, but where employees contribute post-tax funds and can withdraw tax free given certain criteria.

Roth 457

A Roth 457 plan is similar to the 457 plan, but allows employees to contribute post-tax funds and withdraw tax free given certain criteria.

FSA Medical

A medical flexible spending account (FSA) is a tax-advantaged account that allows employees to pay for eligible medical expenses.

FSA Dependent Care

A dependent care flexible spending account (FSA) is a tax-advantaged account that allows employees to pay for dependent care expenses.

HSA

A health savings account (HSA) is a tax-advantaged medical savings account enrolled in a high-deductible health plan. Funds accumulate and can be used to pay for qualified medical expenses without tax liabilities. Depending on the health plan, this benefit can have a limit of single or family.

Simple IRA

A Savings Incentive Match Plan for Employees Individual Retirement Account (SIMPLE IRA) is a tax-deferred employer-provided retirement plan that allows employees to set aside money and invest it to grow for retirement.

Note: We not support non-elective contributions to the SIMPLE IRA. Employees must contribute to this benefit.