Savings by industry
Payroll tax savings for restaurants & hospitality employers
Restaurants & hospitality employers with full-time W-2 staff can lower employer payroll taxes by up to $590 per participating employee each year, add wellness benefits and raise take-home pay.
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What a SIMRP could mean for a restaurants & hospitality business
You don't have to offer health insurance. A SIMRP works alongside the compliant health coverage your employees already have, from any source. Participating employees receive no-copay wellness benefits and often see higher take-home pay, and your business pays less in employer payroll taxes.
| Participating full-time W-2 employees | Illustration: estimated annual savings |
|---|---|
| 25 | Up to $14,750 |
| 50 | Up to $29,500 |
| 100 | Up to $59,000 |
| 250 | Up to $147,500 |
Illustration only, calculated at up to $590 per participating employee. Estimate, not guaranteed. Assumes 100% participation. Actual numbers depend on a free, no-obligation payroll census.
A take-home pay raise for your employees, without a bigger payroll budget
A SIMRP is set up under federally recognized tax codes. Participating employees fund part of the plan with pre-tax dollars and receive wellness benefits and reimbursements, so many see more money in each paycheck. The employer pays less in payroll taxes at the same time.
Individual take-home pay results vary with each employee's pay and tax situation and are confirmed in the free payroll census.
Savings calculator
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Eligibility: You don't have to offer health insurance. Employees qualify with compliant coverage from any source (spouse, parent, their own plan, TRICARE, state subsidies, some Medicaid). Not sure who qualifies? The free payroll census checks it, and if 5 or more employees need coverage, we can provide it.
Estimate your annual savings
Answer a few questions to see an estimate for your organization.
Estimate, not guaranteed. This is an estimate based on an assumption of 100% participation. Actual numbers will depend on the results of your free, no-obligation payroll census.
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Get the free SIMRP Employer Guide by email: how it works, who qualifies, what employees receive and the next steps.
Savings by industry
Savings by organization type
Common questions
What does the savings estimate assume?
The estimate assumes 100% participation of eligible full-time W-2 employees. Actual numbers depend on a free, no-obligation payroll census. It is an estimate, not guaranteed.
Do we have to offer health insurance to qualify?
No. Your organization does not have to offer health insurance. Eligibility is per employee: each participating employee needs compliant health coverage from any source, such as a spouse's plan, a parent's plan, their own paid coverage, TRICARE, state subsidies or some Medicaid. Coverage paid for with federal health insurance subsidies (a federally subsidized marketplace plan) is not compliant, and employees with no coverage are not eligible, because a SIMRP uses federal tax savings to reward compliant coverage. If 5 or more employees need coverage, SIMRP can provide minimum essential coverage funded by those employees' tax savings, and then they qualify. A free payroll census confirms who is eligible.
Is there a minimum number of employees?
No. There is no minimum number of employees. Organizations of any size can run the free, no-obligation payroll census to see if they qualify.
Which employees are eligible?
Any participating full-time W-2 employee with compliant health coverage from any source qualifies, whether or not the employer offers a plan. Employees on federally subsidized marketplace coverage or with no coverage are not eligible on their own, but a group of 5 or more who need coverage can get minimum essential coverage through SIMRP, funded by their tax savings.
Does a SIMRP replace our current health plan?
No. A SIMRP works alongside the compliant health coverage your employees already have, whether that comes from your organization or another source.
What does the payroll census cost?
Nothing. The payroll census is free and comes with no obligation.
Planning next year’s payroll budget?
Estimate what a SIMRP could save your organization with the free savings calculator.
Book your free SIMRP consultation
Pick a time for a call with a SIMRP Health & Wellness advisor to review eligibility and projected savings for your organization.
Book a callPrefer email? Send us a message. Savings are estimates and not guaranteed.