When it comes to delivering the best employee benefits offerings, it’s tempting to declare it a toss-up. This greatly stems from Gusto and QuickBooks Payroll similarly relying on the same third-party vendors to administer some perks. For example, AP Intego offers workers compensation insurance on both platforms while Guideline dishes out 401(k) plans.
But Gusto’s health insurance and less prominent perks break the tie. The platform boasts in-house insurance brokers that carefully walk you through a tailored menu of plans. Once your crew has elected their benefits, you’ll only have to pay for insurance premiums without any extra administrative fees.
QuickBooks Payroll, by contrast, relies on third-party broker SimplyInsured, which charges fees and sets its own policies independent from Intuit.
You can also use Gusto to dish out commuter benefits, 529 educational savings plans, health savings accounts (HSA), and flexible spending accounts (FSA). Life and disability insurance policies are additionally up for grabs through the company’s own Gusto Insurance Services.
And for a fancy bonus: Gusto boasts its free Wallet mobile app, which is a cash management service for employees. Workers can use this no-cost perk to access their pay via a Gusto-branded debit card and borrow interest-free against future paychecks, along with other nifty baubles. This is especially valuable for underbanked staffers who might otherwise rely on expensive, sometimes predatory check-cashing services.
QuickBooks doesn’t wield any of these bells and whistles. Employees can opt for optional deductions, such as HSA contributions and money for public transit passes, but you’ll need to manually process these funds on your own without any native support.