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5 Surprising Statistics About the State of Employee Financial Wellness

Best Money Moves

63% of employees feel that economic uncertainty affects current and future workplace benefits and 401(k) retirement plans. Workers in the baby boomer generation are having to delay retirement due to the instability of the current economy. The percentage of employees that prioritized saving for retirement has dropped by ⅓.

401(k) 105
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10 Questions You Should Ask Your Retirement Plan Provider

Insperity

If only finding a retirement plan to offer your employees were as easy as retiring itself. Do they offer the type of plan you’re looking for? Do they offer the type of plan you’re looking for? . From Simplified Employee Pension plans to 401(k)s to defined benefit plans, retirement plans come in many forms.

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5 Common Problems with Small Business Retirement Plans

Insperity

A retirement plan isn’t just for the benefit of your employees. A good retirement plan can spruce up your business and help you reel in those top-tier professionals. But if not chosen carefully, your retirement plan could be viewed as completely useless, becoming more of a burden than a benefit.

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Common Retirement Plans for Small Business Owners: A Breakdown

Insperity

Even if a small business isn’t able to offer the same high salaries as its big business competitors, a small business can stay competitive by offering an attractive retirement package, says Chris Kunze, chief operating officer at Perspectives Ltd. A defined benefit plan is fully funded by the employer.

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A New Normal? Omnibus Bill Extends High Deductible Health Plan Telehealth Safe Harbor

Proskauer's Employee Benefits & Executive Compensa

provisions make some significant changes for retirement plans , but CAA 2023 also extends the telehealth plan safe harbor for high-deductible health plans (“HDHPs”) that were first introduced in the 2020 CARES Act. The act also delayed the Statutory-Pay-As-You-Go Act of 2010 4% provider reimbursement cut until 2025.

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Competitive Employee Benefits Key During Tepid Economic Recovery

Insperity

Workers nationwide have seen their net worth, home equity and retirement plan values drop at an alarming rate, and are likely to appreciate their benefit packages now more than ever. 77,300: Net worth of the median family in 2010, a 40 percent drop. 55,000: Median home equity in 2010, a 42.3 percent drop. $49,