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The Surprising Reasons Different Generations Are Stressed About Money

Best Money Moves

Generation Z & Millennials often worry about paying off their student loan debt Generation Z , born from 1996 to 2012, is the youngest generation in today’s workforce. Some employees have resorted to borrowing from their 401(k) to help make ends meet.

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Best HR Software Providers: Standard-setters in performance tracking to 401(K) management

HR Digest

The platform also offers employee benefits options such as health insurance through Gusto’s licensed advisors, 401(k) retirement, workers’ compensation, 529 savings, HSA, life and disability, commuter benefits, and more. Founded 2012. It can be easily integrated with tools like Xero, Clover, Quickbooks, TSheets, and more.

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Employee financial wellness: Why it matters in the workplace

Insperity

Look beyond the 401(k) Employees tend to think of a 401(k) retirement plan as a standard, commonplace benefits offering. Furthermore, a 401(k) is focused on the future and long-term goals – a more urgent and timely concern for older employees closer to retirement.

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Should your company offer a student loan repayment benefit?

Insperity

In 2012, the average debt for a four-year public college degree was $25,500. Will you match the employee’s contribution up to a certain amount annually, much like a 401(k) company match ? So, how much do recent graduates owe? How much will you offer? Will you limit the total amount you’ll contribute over five years?

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Sponsoring a Retirement Plan: Tax Benefits You Should Know About

Insperity

If you establish a new 401(k) plan and have not maintained another plan within the three preceding years, your business may be eligible for an income tax credit of 50 percent of the qualified startup costs to create and maintain the plan. Here are a couple of ways you can save some money by sponsoring a retirement plan. The takeaway.

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Building Understanding Ahead of Open Enrollment Across Generations

PeopleStrategy

Generation Z (born 1997-2012) often seeks opportunities for skill development, mentorship, and meaningful work. Retirement Plans: Offer various retirement planning options, including 401(k)s, IRAs, and pension plans. Millennials (born 1981-1996) typically value work-life balance, professional growth, and wellness programs.

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Your Guide to Take-home Pay

Patriot Software

Other deductions that impact take-home pay include: 401(k) or other retirement contributions. This article is updated from its original publication date of 1/31/2012. Depending on the type of small business employee benefits , individuals may also have additional deductions taken from each paycheck. HSA account contributions.