Employee benefits like health or life insurance and retirement plans can be costly, which is why almost all small employers share the costs with their employees. Another option for keeping costs in check is to offer a more modest benefits package. There are also voluntary benefit programs that allow employees to purchase or increase their benefits themselves, often through automatic payroll deduction.

An insurance professional can help you select the right mix of benefits and guide you through the various plan options. It's also a good idea to consult with your accountant and attorney before establishing or expanding an employee benefits program.