HR Digest

OCTOBER 22, 2023

401(k) as a Fringe Benefit The very popular 401(k) is also a fringe benefit as employers can choose to assist employees with their retirement planning. Some businesses offer sabbatical options to long-term employees, or flexible schedules and education assistance, just to name a few.

401(k) 52

401(k) Employee Stock Option Deductible Deductions 52

Empuls

AUGUST 28, 2024

Employee education and support : Providers offer resources and tools to help employees understand and make the most of their benefits. This can include educational materials, online portals, and customer service support. Their services include 401(k) plans, pension plans, and personalized financial planning.

Benefit Providers 40

Benefit Providers Employee Benefits 401(k) Retirement Plan 40

Winston Benefits

APRIL 10, 2018

The level of education and experience employees need for manufacturing jobs, combined with a higher rate of collective bargaining, means employers need to offer strong packages to attract employees. Graco , for example, offers a variety of life insurance plans for employees and eligible dependents. Tuition Reimbursement.

Manufacturing 45

Manufacturing 401(k) Employee Benefits Life Insurance 45

COMPackage

SEPTEMBER 30, 2024

Benefits: This category encompasses a wide range of benefits, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Life insurance Disability insurance Paid time off (vacation, sick leave, personal days) Flexible spending accounts (FSA) Employee assistance programs (EAP) Perks: These are additional non-monetary benefits (..)

401(k) 40

401(k) Flexible Spending Account Disability Insurance Employment 40

Insperity

MARCH 12, 2024

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits PTO 401(k) 59

Griffin Benefits

NOVEMBER 23, 2021

Younger employees may not see retirement as a crucial need, yet if they are made to understand the value of compounding interest (and employee matching), they may make an entirely different selection when it comes to their level of participation in an employer’s 401(k).

401(k) 56

401(k) Retirement Plan Healthcare Life Insurance 56

Best Money Moves

NOVEMBER 7, 2024

Companies can also incorporate sleep education into their wellness programs. Programs like auto enrollment into 401(k) plans, starting with an 8-10% contribution rate and auto-escalating annually can start employees on a secure path toward retirement saving.

401(k) 52

401(k) Voluntary Benefits Life Insurance Banking 52

Higginbotham

OCTOBER 14, 2022

Different health plan types come with both advantages and disadvantages, including differences in cost, risk and employee involvement/education. Disability Insurance and Life Insurance. Life insurance is a popular choice. Other Key Benefits.

Employee Benefits 52

Employee Benefits Family and Medical Leave Act Disability Insurance Paid Sick Leave 52

Empuls

MAY 8, 2023

Key components of an employee benefits package Major components of an employee benefits package include health insurance, retirement plans, and Paid Time Off. Others, like location-bound perks and life insurance, are also becoming the norm. Life insurance basically covers post-death expenses of an employee.

Benefits Package 52

Benefits Package Employee Benefits 401(k) Retirement Plan 52

COMPackage

OCTOBER 2, 2024

Benefits: Detail all benefits provided, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Paid time off (PTO, vacation, sick leave) Life insurance Disability insurance Employee assistance programs (EAPs) Education assistance Other benefits (e.g.,

401(k) 40

401(k) Disability Insurance Overtime PTO 40

COMPackage

SEPTEMBER 25, 2024

Benefits: This section should detail all benefits provided, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Paid time off (PTO, vacation, sick leave) Life insurance Disability insurance Employee assistance programs (EAPs) Education assistance Other benefits (e.g.,

401(k) 40

401(k) Disability Insurance Overtime PTO 40

COMPackage

SEPTEMBER 23, 2024

Benefits: Detail all benefits provided, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Paid time off (PTO, vacation, sick leave) Life insurance Disability insurance Employee assistance programs (EAPs) Education assistance Other benefits (e.g.,

401(k) 40

401(k) Disability Insurance Overtime PTO 40

COMPackage

SEPTEMBER 19, 2024

Benefits: Detail all benefits provided, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Paid time off (PTO, vacation, sick leave) Life insurance Disability insurance Employee assistance programs (EAPs) Education assistance Other benefits (e.g.,

401(k) 40

401(k) Disability Insurance Overtime PTO 40

COMPackage

SEPTEMBER 18, 2024

Benefits: This section should detail all benefits provided, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Paid time off (PTO, vacation, sick leave) Life insurance Disability insurance Employee assistance programs (EAPs) Education assistance Other benefits (e.g.,

401(k) 40

401(k) Disability Insurance Overtime PTO 40

COMPackage

SEPTEMBER 13, 2024

Benefits: This section should detail all benefits provided, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Paid time off (PTO, vacation, sick leave) Life insurance Disability insurance Employee assistance programs (EAPs) Education assistance Other benefits (e.g.,

401(k) 40

401(k) Disability Insurance Overtime PTO 40

Higginbotham

JANUARY 27, 2022

Investment accounts, 401(k) retirement funds and life insurance policies usually pass directly to a beneficiary who is named in the account or policy, so they do not go through the probate process and need not be included in a will. Your main assets, such as investments or life insurance, are not subject to probate.

Taxes 69

Taxes 401(k) Life Insurance Banking 69

Higginbotham

NOVEMBER 2, 2023

A 401(k) plan is a popular example of a defined contribution plan. According to the Education Data Initiative, 43.6 The IRS says employers can use education assistance programs to help pay workers’ student loans. Life insurance is a staple of financial preparedness.

401(k) 52

401(k) Disability Insurance Benefits Package Insurance 52

COMPackage

SEPTEMBER 30, 2024

Benefits: This section should detail all benefits provided, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Paid time off (PTO, vacation, sick leave) Life insurance Disability insurance Employee assistance programs (EAPs) Education assistance Other benefits (e.g.,

Employee Compensation 40

Employee Compensation 401(k) Disability Insurance Overtime 40

COMPackage

SEPTEMBER 27, 2024

Benefits: This section should detail all benefits provided, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Paid time off (PTO, vacation, sick leave) Life insurance Disability insurance Employee assistance programs (EAPs) Education assistance Other benefits (e.g.,

401(k) 40

401(k) Disability Insurance Overtime PTO 40

COMPackage

SEPTEMBER 12, 2024

Benefits: Detail all benefits provided, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Paid time off (PTO, vacation, sick leave) Life insurance Disability insurance Employee assistance programs (EAPs) Education assistance Other benefits (e.g.,

401(k) 40

401(k) Disability Insurance Overtime Salary 40

Empuls

DECEMBER 29, 2022

  People love employers that support their financial wellbeing with targeted plans and coaching designed to help employees buy a home, complete their education, get married, become a parent, or deal with childcare and education. Supplemental income includes stock options, 401 (k) plans, bonuses, etc.

Family and Medical Leave Act 52

Family and Medical Leave Act Disability Insurance Retirement Plan 401(k) 52

Genesis HR Solutions

APRIL 23, 2020

Types of benefits include: Health and welfare benefits: Typically medical, dental, vision, disability, and life insurance products. Pre-tax savings plans can also be included here, as well as ancillary benefits like accident, illness, and pet insurance. Retirement benefits: 401(k), 403(b), 457(b) retirement plans and IRAs.

Health and Welfare 52

Health and Welfare Electronics 401(k) PTO 52

UpstartHR

APRIL 18, 2016

The number one predictor of whether someone was going to save significant money in their 401k plan? Do you think Isabel will be able to handle that new project after her spouse (the main breadwinner) passed away with no life insurance? Average 401K account balance is just $72,000. The results were shocking.

401(k) 45

401(k) Employment Retirement Plan Finance 45

Patriot Software

MARCH 4, 2019

Taxable cost of group-term life insurance in excess of $50,000. Non-excludable educational assistance payments. Insurance protection under a compensatory split-dollar life insurance arrangement. Let’s say an employee earning $50,000 contributed $2,000 to their 401(k) during the year.

Retirement Plan 40

Retirement Plan 401(k) Taxes Life Insurance 40

Empuls

DECEMBER 17, 2024

A strong retirement plan can include: 401(k) plans: Many employers offer 401(k) plans that allow employees to save for retirement with pre-tax contributions. This can especially benefit employees with caregiving responsibilities or those pursuing further education. What are the 7 fringe benefits?

Employee Benefits 40

Employee Benefits Health Insurance 401(k) Retirement Plan 40

Empuls

MAY 7, 2023

They provide a range of benefits and perks to employees beyond their regular wages, including health and wellness benefits, retirement benefits, time-off benefits, employee perks and discounts, and educational assistance. Retirement benefits Retirement benefits include pensions, 401(k)s, and other retirement savings plans.

Employee Benefits 40

Employee Benefits Parental Leave Health Insurance Benefit Providers 40

Employee Benefits

DECEMBER 22, 2023

Yet, gaps in financial education and familial wealth still exist when LGBTQ couples are compared to their non-LGBTQ counterparts. These individuals are 5% less likely to have a 401(k) or retirement plan and 12% less likely to have an IRA. 2% higher and as a group overpaid by an estimated $86 million each year for home mortgages.

401(k) 105

401(k) Health Insurance Finance Taxes 105

Vantage Circle

SEPTEMBER 23, 2023

An employer can provide short-term disability or long-term disability insurance, depending on the employee's needs. Life Insurance Life insurance is another benefit that is an essential part of the benefits package. 401(k) Plans A 401(k) plan allows the employees to defer some of their salary.

Family and Medical Leave Act 59

Family and Medical Leave Act 401(k) Employee Benefits Employment 59

PeopleStrategy

SEPTEMBER 17, 2019

More companies are offering discretionary time off (DTO), unlimited time off and mandatory paid sabbaticals to provide better work-life balance, but these plans are not feasible for all businesses. Financial benefits : The traditional financial benefit is to help employees save for retirement in the form of a 401(k) or 403(b).

Benefits Package 49

Benefits Package Comprehensive Benefits 401(k) Flexible Spending Account 49

Business Management Daily

AUGUST 28, 2023

What’s great about Paycor is they understand the HR and payroll needs of various niche industries, such as: Healthcare Manufacturing Retail Food and Beverage Education Nonprofits As such, Paycor will tailor its software to your specific business needs, which is invaluable for companies in the industries listed above.

Software 52

Software Human Resources Payroll PTO 52

McNees

JANUARY 19, 2021

Similar to the COVID distributions, a 401(k) may allow “qualified disaster distributions” up to $100,000 that will not be subject to the 10% early withdrawal penalty. Special Disaster-Related Rules for Use of Retirement Funds. Excess Pension Asset Transfers.

Employee Benefits 40

Employee Benefits Flexible Spending Health Insurance Pension 40