How to Set Up Benefits Deductions with Gusto
Gusto is a payroll platform we commonly see our clients using. They offer a platform that automates the deduction process for employee benefits. We love streamlining our benefits knowledge with the ease of Gusto payroll.
We often get questions from our clients about how to input their benefit deductions into Gusto. We made this handy step-by-step guide to help! Check out some reviews from clients we help set up in Gusto:
“Alexandra and her team have been so accommodating! We use Gusto for our payroll and offering benefits was new to us. We’re so happy we started working with The Insurance People for our benefits instead of Gusto. They made the transition seamless and answered all of our questions along the way.”
“I initially had Gusto act as my insurance broker but they did not offer the sort of plans that made sense for my practice. Alexandra and Melissa not only were extremely responsive to helping me find plans that matched my employees’ needs, but were instrumental in resolving the issues I was having with Gusto and helped get everything set up correctly. I’m so glad I paid attention to the numerous recommendations I saw from other therapists in my networking group!”
Follow these directions below to set up benefit deductions for your company. You will need to enter the amount and frequency, then choose each employee who will need the deductions. You can use your benefits deduction roster provided to you by The Insurance People when you launched or renewed your benefits.
Step 1: Sign into your Gusto Admin Account.
Step 2: Go to the Benefits section.
Step 3: Browse through the page to look at the variety of benefits to choose from. Choose the benefit you would like to set up, or click Show More Custom Benefits to add one.
Step 4: On the benefit page, click I Already Have Benefits.
Step 5: Click Manually Enter Deductions.
Step 6: Select the type of benefit. Note: If you choose medical/dental/vision, you will have to indicate whether this is an individual plan (post-tax) or group plan (pre-tax) deduction.
Step 7: Add the Benefit Name. This is how it will appear on your employee’s paystub.
Step 8: Select the benefit under ‘Benefit Type’.
Step 9: Enter the Carrier Name.
Step 10: Add in the ‘Employer Contribution’ and ‘Employee Contribution’ for each benefit.
