Remove 401(k) Remove Article Remove Benefits Package
article thumbnail

What happens to 401k if furloughed?

HR Digest

If you’re furloughed, does that mean your 401k is canceled? In a sentence: no, your furlough pay reduction does not lead to 401k cancellation. Your 401k is yours, and it stays yours. In this article, you should know that furlough and 401(k) are two different things. What is 401(k)?

401(k) 115
article thumbnail

3 Reasons to Boost Your Employee Benefits Offerings in 2020

Achievers

And in many cases, it’s benefits offerings that seal the deal. For 41 percent of small business employees, benefits are crucial when accepting a new job, second to salary. And for 75 percent, a good benefits package would make them take one job over another,” says a recent employee health benefits survey by QuickBooks Payroll.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Fringe Benefits: A Guide to Understanding and Leveraging Employee Perks

HR Digest

But what exactly is the meaning of fringe benefits, and why do they matter? This article unpacks the fringe benefits definition, explores their types and examples, and offers a clear overviewincluding tax implications and practical guidance for employers navigating the IRS fringe benefits guide.

401(k) 72
article thumbnail

Total Compensation Report Statements: Unveiling the Value Beyond the Paycheck – Sample Included

COMPackage

Employees increasingly value a comprehensive benefits package that contributes to their financial well-being and overall work experience. This article explores the benefits of TCRSs, highlights key considerations for crafting meaningful reports, and offers a sample statement for your reference.

401(k) 52
article thumbnail

How to Conquer These 4 Top-of-Mind HR Challenges

And the ever-changing policies and laws can make cultivating a competitive employee benefits strategy feel impossible. Whether you’re concerned about adapting to new pay transparency laws, managing global benefits packages, return-to-office mandates, or 401(k) and retirement planning strategies, we’ve got you covered.

article thumbnail

5 Benefits to Help Employees Cope with Inflation

Best Money Moves

A few great ways for employers to assist employees are auto-enrolled retirement plans and increasing 401(k) contributions. Improving retirement benefits can also be a great way for employers to keep up with the competition in their industry. Comprehensive Financial Benefit Packages. Health Care Assistance.

401(k) 115
article thumbnail

Employee Benefits 2021: Employer Student Loan Repayment Assistance Programs

Best Money Moves

According to research by PwC, just 7 percent of employers currently offer student loan repayment benefits (with the average employer offering $1,800 per year), but another 27 percent are considering it as they build their benefits package for the next year. . How Financial Wellness Can Help.

401(k) 105