BENEFITS OF A LARGE-SCALE EMPLOYER
Outsourcing employment of household staff does more than remove administrative burdens and ensure compliance with the latest laws and regulations – it can also help families and individuals attract and retain top talent, and help employees thrive in their roles.
As a large-scale, national employer, TEAM provides robust benefits and support to household employees that otherwise may not be offered by individual households.
Benefits for W-2 employees
As a TEAM employee, service providers can become eligible for benefits such as:
- Ability to participate in 401(k) plans
- Access to Social Security, Medicare, and unemployment benefits
- Access to state-administered paid family leave and paid medical/disability leave programs, where offered
Customized employee benefit packages
TEAM can consult, provide guidance, and create tailored benefits packages to ensure employees are offered a comprehensive compensation plan. Some of our clients use benefit packages that include:
- Custom PTO policies
- Health and wellness stipends
- Tuition reimbursements
- Bonuses
Benefits administration and management
Administration and ongoing management of benefits can be a hefty undertaking for households and estates. The process can be complex and time consuming, and involves understanding eligibility requirements, researching and comparing plans, determining employer and employee costs, communicating options and enrolling employees, and meeting reporting requirements.
TEAM’s benefits administration team reduces this burden by offering:
- Health insurance procurement and administration
- 401(k) administration and management
- Guidance on bonus distribution and other compensation packages
- Compliance with federal, state, and local regulations
Verification of employment
Having documented work history with a national employer goes beyond listing their role on a resume – it can provide meaningful opportunities to help employees get ahead in their personal lives.
Our team simplifies the process of verifying employment when employees need to:
- Apply for loans
- Submit housing applications
- Confirm employment with other third-party agencies
Learn more about offering benefits for household staff
Fill out the form to connect with TEAM and learn more about gaining the ability to offer employee benefits – such as access to a 401(k) plan, Social Security, Medicare, and more – to attract and retain the best service providers.
TRUSTED BY
WHAT OUR CLIENTS ARE SAYING
Everyone we’ve worked with at TEAM has gone out of their way to be helpful. I feel confident that they want to do the right thing for their clients.
– Private Client Advisor