Remove 401(k) Remove Bonuses Remove Retirement Plan
article thumbnail

What is Nonqualified Deferred Compensation?

HR Lineup

NQDCs are also known as 409A plans, and they allow employers to come up with compensation packages aligned with their business values. This means that executive deferred compensation plans can be customized to suit each staff. Additionally, NQDC comes in various forms, including bonuses, company stocks, etc.

401(k) 246
article thumbnail

Pros & Cons Of Auto-enrolling Employees In A 401(k) Program

Genesis HR Solutions

Should you auto-enroll your employees into your company’s 401(k) program? Automatic enrollment is exactly what it sounds like—you, the employer, automatically enroll your employees into your organization’s 401(k) plan. The 401(k) is pre-tax. What is automatic enrollment?

401(k) 97
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

Financial Incentives Beyond salaries, employers might offer retirement plans (e.g., 401(k) matching), stock options, or performance bonuses. In an era of rising healthcare costs, these benefits are non-negotiable for many workers. These examples tie employee success to company growth, fostering loyalty.

401(k) 72
article thumbnail

How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

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. To do this, the law makes broad changes to the foundation of retirement preparation in the U.S.: employer-sponsored 401(k) plans. The SECURE 2.0

401(k) 116
article thumbnail

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

COMPackage

Benefits: A detailed breakdown of employer-sponsored benefits like health insurance, paid time off (PTO), retirement plans, and wellness programs. Other Compensation: This can include items like company-provided equipment, professional development opportunities, or profit-sharing bonuses.

401(k) 52
article thumbnail

How Retirement Plan Vesting Schedules Can Improve Employee Retention

Griffin Benefits

Used effectively, the vesting schedules in your retirement plans (401k, 403b, deferred compensation, and 457, to name a few) can be an excellent tool employers can use to improve employee retention. WHAT IS A RETIREMENT PLAN VESTING SCHEDULE AND HOW DOES IT IMPROVE EMPLOYEE RETENTION?

article thumbnail

5 Benefits for Employers to Retain and Attract Top Talent

Best Money Moves

Offer competitive, matched retirement planning options. Retirement planning is one of the most common employee benefits offered by employers, specifically a 401(k) matching plan. Employer-sponsered emergency savings accounts may be funded similarly to 401(k) accounts.

401(k) 111