HR Digest

MARCH 28, 2023

One popular way to get your retirement plan sorted in the United States is through a 401(k) plan. A 401(k) plan is a type of retirement account offered by employers to their employees. How does 401(k) work? A 401(k) plan is that the money grows tax-free until it is withdrawn at retirement age.

401(k) 64

401(k) roth 401(k) Retirement Plan IT 64

Best Money Moves

DECEMBER 9, 2024

The average employer matches 6% of an employee’s Traditional 401k and Roth 401k contributions. Additionally, 62% of employees in the survey noted that retirement plans contributed the most to their financial security, which was up from 56% in 2023. These benefits trends will continue going into 2025.

roth 401(k) 52

roth 401(k) 401(k) Benefits Package Paid Leave 52

Business Management Daily

JANUARY 5, 2023

The last act of the 117th Congress was to pass the Consolidated Appropriations Act, 2023. Act of 2022 —90+ provisions focused on 401(k) and other retirement plans. Congress has chosen to pay for it by mandating that plans offering certain 401(k) features, like catch-up contributions, be made on an after-tax, Roth basis.

401(k) 52

401(k) roth 401(k) Taxes Deductible 52

Vantage Circle

NOVEMBER 23, 2023

Retirement Plans: Such as 401(k) plans with employer matching contributions Retirement plans, especially 401(k) plans with employer matching contributions, are paramount among employee perks in the United States. A 401(k) is a tax-advantaged retirement savings program provided by employers. How to Offer?

Family and Medical Leave Act 65

Family and Medical Leave Act 401(k) Retirement Plan roth 401(k) 65

Empuls

JUNE 21, 2024

mostly provided traditional 401(k), while 68% also offered Roth 401(k) plans.  Also known as the 401(k) bill, this makes it mandatory for businesses with 10 or more employees to offer a retirement solution to their employees. Moreover, the plan was placed to provide a total retirement income.

401(k) 40

401(k) Retirement Plan Pension roth 401(k) 40