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FlexibleSpendingAccount (FSA). According to Healthcare.gov , a FlexibleSpendingAccount (also known as a flexiblespending arrangement) is a special account employees put money into that they use to pay for certain out-of-pocket health care costs. eHealthinsurance.com ). Retirement.
Ditto for bonuses that are based on actual wages paid. Best practice: List all benefits and deductions to determine whether they’re impacted: Medical, dental, life, vision, group-term life insurance, long-term disability, dependent care, flexiblespendingaccounts and health savings accounts. cash planning).
These incentives span a wide array, from health benefits and retirement plans to flexible work arrangements, financial bonuses, and professional development opportunities. A 401(k) is a tax-advantaged retirement savings program provided by employers. of 401(k) plan participants had their money invested in equity funds.
Short-Term Incentives: These can include bonuses, commissions, or other performance-based payments. Long-Term Incentives: This may involve stock options, restricted stock units, or profit-sharing plans.
Briefly mention attractive benefits, like: Flexiblespendingaccounts Educational assistance Insurance coverage 401(k) plan Paid time off Flexible work hours Work-from-home options Ensure that the candidate understands the benefits to simplify the onboarding process for them.
5 Source Features Health, dental, and vision insurance Life and disability insurance 401(k) retirement plans Health savings accountsFlexiblespendingaccounts Workers’ compensation insurance Commuter benefits, gym memberships, and mental health assistance. Set up to five personalized financial goals.
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