HR Digest

NOVEMBER 7, 2024

The Internal Revenue Service is making some changes to how much you can contribute to your 401(k) plans. As per the IRS, 401(k) limits for 2025 have been increased to an annual amount of $23,500, up from $23,000. Will the 401(k) Cap Increase Be Enough to Help Employees Save for Retirement?

401(k) 76

401(k) Bonuses Utilities Government 76

Insperity

OCTOBER 10, 2023

At its most basic level, the law encourages people to not only save money for retirement , but to save more and also become financially stable in the present. employer-sponsored 401(k) plans. Starting in 2024, employees’ annual contribution limits to some SIMPLE 401(k)s or IRAs will rise. The SECURE 2.0

401(k) 113

401(k) Retirement Plan Taxes Benefits Package 113

Insperity

OCTOBER 1, 2024

Experiencing “presenteeism”, meaning they are not mentally present or productive even when they are physically at work. Emphasize wellness in benefits offerings Most standard benefits packages include things like health insurance, a 401(k) retirement plan and PTO. Prone to burnout. At higher risk for leaving the company.

Employee Wellness 80

Employee Wellness 401(k) PTO Retirement Plan 80