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What is a 401(k) Plan and How Does it Work?

HR Digest

One popular way to get your retirement plan sorted in the United States is through a 401(k) plan. A 401(k) plan is a type of retirement account offered by employers to their employees. It allows employees to save a portion of their pre-tax income for retirement. How does 401(k) work?

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Spread the Word About Additional HSA Contributions

InterWest Insurance Services

Since funds workers contribute to their HSA are made before their salaries are taxed, they reduce their overall taxable income. Employees 55 and older can contribute an additional $1,000 every year as a catch-up contribution on both single and family plans. They are only available to employees enrolled in a high-deductible health plan.

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Employee Benefits Providers: What Employers Need to Know

Empuls

The role of employee benefits providers Employee benefits providers play a critical role in enhancing employee satisfaction and retention by offering comprehensive benefits packages that meet the diverse needs of today’s workforce.  What are the top 5 types of employee benefits?

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How to Coax Disengaged Employees to Sign Up for Health Coverage

InterWest Insurance Services

One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of. These accounts can be kept for life and transferred to new employers.

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