Business Management Daily

MARCH 21, 2022

Setting up a 401(k) for employees can be a daunting task for small business owners. It’s important to take care of the people that work to keep your business alive, and helping them plan for their retirement is a great way to do that. What is a 401(k)? Do employers have to offer a 401(k) to employees?

401(k) 52

401(k) roth 401(k) Retirement Plan Deductions 52

Money Talk

APRIL 28, 2022

When pressed for time to fit ABL into your day, consider “educational multi-tasking” (e.g., Health Savings Accounts - One study found that the tax savings on many employees’ contributions to a health savings account (HSA) increases wealth by more than an employer match on the same employees’ 401(k) contributions.

401(k) 186

401(k) Health Savings Account Finance Retirement Plan 186

Money Talk

DECEMBER 29, 2022

I recently attended a number of webinars about retirement planning. Below are 10 of my top take-aways: Knowledge is Power - While new state financial education mandates are getting lots of media attention (and rightly so), financial education works for everyone! Many have to settle for less. It is not all theirs to keep.

401(k) 181

401(k) Taxes Retirement Plan Finance 181

Best Money Moves

JANUARY 31, 2023

Almost 4 in 10 employees say they’re not confident about reaching their retirement goals, according to a 2022 Bank of America report , and even more are unsure if they have enough savings to retire. Here are 3 ways to help all employees get prepared for life during retirement.

401(k) 119

401(k) Retirement Plan Banking Finance 119

HR Lineup

OCTOBER 25, 2023

As we step into 2023, retirement planning has become more critical than ever. With the uncertainty surrounding the future of Social Security and the increasing life expectancy, having a solid retirement plan is essential. What is a 401(k)? 10 Best 401(k) companies of 2023 1.

401(k) 52

401(k) Retirement Plan Taxes Education 52

HR Lineup

OCTOBER 21, 2024

Administered by the International Foundation of Employee Benefit Plans (IFEBP) and Dalhousie University, this program provides a comprehensive education on employee benefits, retirement plans, and health benefits. Key Benefits: Comprehensive coverage of group benefits, retirement plans, and compensation.

401(k) 65

401(k) Employee Benefits Retirement Plan Health Savings Account 65

Griffin Benefits

NOVEMBER 1, 2022

The IRS has finally announced adjustments to 2023 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2023 Retirement Plan Limits Increase. Educating Employees On The Changes.

401(k) 85

401(k) Retirement Plan Health Savings Account Deductions 85

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 15, 2023

Act of 2022 (“SECURE 2.0”) was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act, and included a myriad of required and optional plan design changes for retirement plan sponsors and employers (described in more detail here ). Automatic Enrollment Provision Applied to Multiemployer Plans.

401(k) 98

401(k) Retirement Plan Education Finance 98

Best Money Moves

NOVEMBER 7, 2023

63% of employees feel that economic uncertainty affects current and future workplace benefits and 401(k) retirement plans. Workers in the baby boomer generation are having to delay retirement due to the instability of the current economy.

401(k) 106

401(k) Retirement Plan Banking Finance 106

Business Management Daily

FEBRUARY 18, 2022

The Employee Benefits Security Administration has had an on-again, off-again approach to whether employers can allow 401(k) investment choices to promote social, environmental, or other public policy causes—called economically targeted investments or sometimes environmental, social, or governance investing.

401(k) 59

401(k) Pension Retirement Plan Commissions 59

Best Money Moves

MAY 10, 2022

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) 112

401(k) Employment Retirement Plan Financial Counseling 112

HR Digest

MAY 21, 2023

Matching 401(k) contributions 2. The government and the health care sector are working to create plans that small businesses can afford, but at the same time they want to protect their employees. Retirement Plans Employers usually offer retirement plans. The employer will contribute to the plan.

Benefits Package 105

Benefits Package 401(k) Employee Benefits Disability Insurance 105

Genesis HR Solutions

JUNE 21, 2022

When we talk to prospective clients about our PEO’s retirement plans, they’re sometimes skeptical about the value of using them, especially if they already have their own plans in place. They wonder: Is switching to a PEO’s retirement plan worth it? as long as it’s within the plan scope we offer.

Retirement Plan 52

Retirement Plan 401(k) IT Electronics 52

Best Money Moves

OCTOBER 7, 2021

According to a study conducted by the Department of Labor, only 40% of Americans have calculated the amount they need to save for retirement. Employers can emphasize this by using 401(k) or other retirement plans. Employers that utilize these plans are desirable to potential new hires.

401(k) 98

401(k) Retirement Plan Financial Counseling Finance 98

HR Professionals Magazine

SEPTEMBER 2, 2021

As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide.

Retirement Plan 52

Retirement Plan roth 401(k) 401(k) Taxes 52

Best Money Moves

JUNE 1, 2022

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. Student Loan Repayment Assistance.

401(k) 116

401(k) Out of Pocket Cost Benefits Package Finance 116

Griffin Benefits

NOVEMBER 11, 2021

The IRS has finally announced adjustments to 2022 contribution limits on various tax-advantaged health and dependent care spending accounts, retirement plans, and other employee benefits such as adoption assistance and transportation benefits. 2022 Retirement Plan Limits Increase. Educating Employees On The Changes.

401(k) 56

401(k) Retirement Plan Health Savings Account Deductions 56

Money Talk

OCTOBER 27, 2021

Dollar-Cost Average Investment Purchases - Make regular investment deposits at regular time intervals, such as $100 per month in a mutual fund or 5% of pay every payday in an employer 401(k) or403(b) plan. Examples include traditional individual retirement accounts (IRAs), tax-deferred employer retirement plans (e.g.,

401(k) 100

401(k) Taxes Retirement Plan Education 100

Best Money Moves

MAY 4, 2022

According to the Morgan Stanley data, high earners were generally attracted to three financial wellness benefits: Retirement planning (69%). General financial education (41%). Financial wellness can help you go beyond with company retirement matching. High-earning employees want three key financial wellness benefits.

401(k) 111

401(k) Retirement Plan Salary Finance 111

Insperity

SEPTEMBER 21, 2023

Look beyond the 401(k) Employees tend to think of a 401(k) retirement plan as a standard, commonplace benefits offering. Furthermore, a 401(k) is focused on the future and long-term goals – a more urgent and timely concern for older employees closer to retirement.

401(k) 105

401(k) IT Benefits Package Finance 105

Money Talk

OCTOBER 7, 2021

I recently attended several webinars and listened to several podcasts about issues related to retirement planning and personal finance issues in later life. According to the EBRI RCS, 46% of the retiree subsample said that they retired earlier than planned and 6% retired later.

401(k) 130

401(k) Entertainment Taxes Retirement Plan 130

Flimp Communications

MARCH 31, 2020

In an increasingly uncertain world, workers are looking to their employers for answers and education about their financial futures. If you can educate them now on ways to save and budget, they’re going to listen. Help them get through the current trials and plan for their financial future beyond the crisis.

401(k) 75

401(k) Retirement Plan Medical Taxes 75

HR Digest

APRIL 22, 2023

Employees want support for their financial goals, such as retirement planning or debt reduction. Employers who offer financial wellness benefits, such as financial education, 401(k) contributions, or student loan repayment assistance, can attract and retain top talent while improving employee financial well-being.

401(k) 105

401(k) Parental Leave Benefits Package PTO 105

Hppy

JUNE 7, 2018

That makes planning for retirement more concerning and terrifying — 30 percent of employees feel stressed by retirement planning, mentally and emotionally. Stress this fact to employees, and encourage them to automate a consistent portion of their paycheck to their retirement savings. What do they not understand?

Retirement Plan 50

Retirement Plan 401(k) Health Savings Account Education 50

Insperity

OCTOBER 1, 2024

Emphasize wellness in benefits offerings Most standard benefits packages include things like health insurance, a 401(k) retirement plan and PTO. Educational resources for further wellness-related education and guidance, such as general tips on nutrition, exercise and stress management. Nutrition counseling.

Employee Wellness 80

Employee Wellness 401(k) PTO Retirement Plan 80

Best Money Moves

SEPTEMBER 7, 2022

Consider auto-enrollment to encourage all employees to prepare for retirement. Auto enrollment is a company program that automatically enrolls all employees in a 401(k) or another retirement plan. Help employees prepare for retirement by educating them on their retirement benefits.

401(k) 116

401(k) Retirement Plan Overtime Education 116

InterWest Insurance Services

AUGUST 30, 2022

401(k)s or other retirement plans. Defined benefit pension plans. Financial planning and education workshops. Beef up your communication and education efforts, both in person and via technology. Integrate financial wellness into your employee wellness plan. Dental insurance. Vision care.

Benefits Package 92

Benefits Package 401(k) Disability Insurance Health Insurance 92

Insperity

FEBRUARY 3, 2011

Retiring comfortably is something every worker dreams of. Sponsoring a retirement plan can help them get there. Retirement plans come in a wide range of shapes and sizes, each with its own unique functionality. The following steps can help simplify the process of choosing and managing a plan.

Retirement Plan 40

Retirement Plan 401(k) Employment Profit Sharing Plan 40

WEX Inc.

FEBRUARY 23, 2023

Because an HSA is a “savings” account, you’ll want to designate a beneficiary (or beneficiaries), just as you would with a 401(k) or other retirement-planning accounts. Education is critical to get the most out of your employee benefits. The information in this blog post is for educational purposes only.

Flexible Spending Account 98

Flexible Spending Account 401(k) Health Savings Account Banking 98

Best Money Moves

OCTOBER 23, 2019

. - The average Baby Boomer has saved only 30% of the recommended savings for retirement ($136,779 in retirement fund savings), according to a survey by Clever. - 22% have taken a loan and/or withdrawal from a 401(k) or similar plan or IRA, according to a survey by Transamerica. -

401(k) 74

401(k) Retirement Plan Education Employment 74

Insperity

SEPTEMBER 1, 2022

Increase company contributions to retirement planning. A 401(k) retirement plan is an important benefit that your company pays to provide for employees – and you want to make sure that they know how to take full advantage of it for their financial well-being and future security.

401(k) 90

401(k) Retirement Plan Bonuses Salary 90

Best Money Moves

OCTOBER 7, 2020

Almost 40 percent have delayed or are considering delaying their retirement, 36 percent have decreased or are considering decreasing their retirement savings and 29 percent have withdrawn or are considering withdrawing funds from their 401(k) account. 30 percent want information on retirement plans.

Employee Benefits 106

Employee Benefits 401(k) Banking Retirement Plan 106

Insperity

FEBRUARY 13, 2018

This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more. Make a 401(k) plan available to them. Everybody wins. Don’t forget about an Employee Assistance Program.

401(k) 75

401(k) Disability Insurance Flexible Spending Account Deductions 75

WEX Inc.

NOVEMBER 21, 2024

Retirement savings With retirement top-of-mind for many, companies are increasing their focus on retirement savings options. Beyond the traditional 401(k) match , some employers are introducing student loan repayment matching , helping employees reduce debt while saving for retirement.

Employee Benefits 59

Employee Benefits 401(k) Employment Health Savings Account 59

Employee Benefit News

NOVEMBER 28, 2023

Holistic communication can help educate employees on how to make the most of their retirement plans.

Retirement Plan 105

Retirement Plan Education 401(k) Employee Benefits 105

Benefits Notes

DECEMBER 28, 2022

Congress made several changes to retirement plans as part of the Consolidated Appropriations Act of 2023 , which recently passed both the House and Senate. The final bill contains several provisions affecting retirement plans under Division T of the bill titled “Secure 2.0 Act of 2022.”

401(k) 52

401(k) Retirement Plan Taxes Salary 52

Insperity

FEBRUARY 20, 2020

These things have become so commonplace that employees expect them, such as: Health insurance Dental insurance Paid vacation and sick days 401(k) retirement plan Disability insurance Life insurance Workers’ compensation Unemployment insurance.

401(k) 101

401(k) Paid Vacation Disability Insurance Insurance 101