Employee Benefit News

NOVEMBER 28, 2023

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

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Retirement Plan Education 401(k) Employee Benefits 299

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.

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Employee Wellness 401(k) PTO Retirement Plan 84

WEX Inc.

JUNE 13, 2023

And baby boomers are actually the highest percentage of retirement-account holders among any group segmented in a 2021 survey by the U.S. This lack of retirement planning by large segments of employees is leading to more stress for them and less productivity at work. First, offer retirement plans. Census Bureau.

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Retirement Plan 401(k) IT Healthcare 98

WEX Inc.

JULY 24, 2023

Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. Why HSAs for retirement planning? These accounts provide another way for your employees to diversify their efforts to prepare for retirement. Click below to get your free HSA retirement white paper.

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Retirement Plan 401(k) Health Savings Account Taxes 98

HR Professionals Magazine

MAY 24, 2022

As a team of 401(k) advisors focused on participant outcomes, we are constantly fielding financial related questions from employees seeking advice. As educators, we prefer the latter. Instead of trying to throw a retirement savings lifeline saying, “I can save you! By Jim Trujillo.

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Retirement Plan 401(k) Banking Education 98

Money Talk

SEPTEMBER 14, 2023

One place where there is a gap in adult financial education is programs for older adults age 65+. The bulk of community and workplace programs cover financial tasks and decisions to get “to retirement,” not “through retirement." Types of Tax-Deferred Accounts - These include employer-sponsored defined contribution plans (e.g.,

Taxes 194

Taxes 401(k) Retirement Plan Pension 194

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?

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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.

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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.

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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.

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401(k) Retirement Plan Banking Finance 119

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.

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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.

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401(k) Retirement Plan Education Finance 98

Empuls

AUGUST 28, 2024

They offer a range of benefits, including health insurance, retirement plans, wellness programs, dental and vision coverage, and more specialized services like mental health support and child care assistance. They help identify the most suitable benefits, such as health insurance, retirement plans, and wellness programs.

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Benefit Providers Employee Benefits 401(k) Retirement Plan 40

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.

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401(k) Pension Retirement Plan Commissions 59

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.

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401(k) Retirement Plan Banking Finance 105

Empuls

AUGUST 30, 2024

While traditional benefits include health insurance, retirement plans, and paid time off, perks are often more varied and tailored to improve employees’ overall work experience. They also provide resources for financial planning and adoption assistance. 

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401(k) Parental Leave Health Insurance Benefits Package 40

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.

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401(k) Employment Retirement Plan Financial Counseling 111

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.

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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.

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Retirement Plan 401(k) IT Electronics 52

WEX Inc.

JANUARY 8, 2025

Because an HSA is a savings account, youll 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.

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

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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.

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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.

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401(k) Out of Pocket Cost Benefits Package Finance 115

Empuls

AUGUST 30, 2024

While traditional benefits include health insurance, retirement plans, and paid time off, perks are often more varied and tailored to improve employees’ overall work experience. They also provide resources for financial planning and adoption assistance. 

401(k) 40

401(k) Parental Leave Health Insurance Benefits Package 40

Empuls

AUGUST 27, 2024

Retirement plans Basically, it is the retirement plans—401(k) or pension plans—through which an employee receives financial security during service years other than while serving. Professional development These may include an educational stipend, mentorship programs, and training opportunities.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits 401(k) Benefits Package 40

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.

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401(k) Retirement Plan Health Savings Account Deductions 56

HR Lineup

JANUARY 24, 2024

This can include eligibility for retirement plans, stock options, or other investment-related perks. Investment Statements: Detailed statements from financial institutions outlining the employee’s investment portfolio, including stocks, bonds, mutual funds, and retirement accounts.

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401(k) Retirement Plan Taxes Education 130

Hppy

SEPTEMBER 6, 2024

This encompasses both work-related benefits such as understanding how to maximize employer contributions into their 401(k)s or choosing the right investment options when it comes to their pension plans as well as learning how to manage their personal finances in more efficient and effective ways.

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401(k) Finance Financial Counseling Retirement Plan 41

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.,

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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.

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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.

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401(k) IT Benefits Package Finance 108

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.

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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.

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401(k) Retirement Plan Medical Taxes 75

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.

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Benefits Package 401(k) Disability Insurance Health Insurance 98

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.

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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?

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Retirement Plan 401(k) Health Savings Account Education 50

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.

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401(k) Retirement Plan Overtime Education 115