Money Talk

MAY 18, 2022

To err on the side of caution in the event of an audit, experts advise keeping tax records for at least six years. ¨ 401(k), 403(b), and traditional IRA). . ¨ 401(k), 403(b), and traditional IRA). Common filing methods include file folders, a large envelope, and a designated desk drawer.

Taxes 263

Taxes 401(k) Deductible Deductions 263

Money Talk

OCTOBER 19, 2023

At the end of the day, I realized that all three of these events were interrelated. 401(k) and 403(b) plans) because contributions are deducted automatically from workers’ paychecks and employers may match them, in which case, it is smart to save enough to earn the maximum employer match.

401(k) 213

401(k) Finance Medical Deductions 213

Money Talk

APRIL 27, 2023

Examples: save $10,000 toward the cost of a new car in 10 years and save 10% of salary in a 401(k) plan for 25 years. Events will happen in life to throw you off-course. From there, you can “do the math” to determine attainability and measure progress. The Need for Flexibility - SMART goals cannot be too confining.

401(k) 189

401(k) Health Salary Finance 189

Proskauer's Employee Benefits & Executive Compensa

JANUARY 16, 2024

requires that 401(k) plans established after December 28, 2022, implement automatic enrollment provisions for plan years starting after December 31, 2024. 401(k) Plans : If two or more 401(k) plans established before December 29, 2022, merge into a single ongoing plan, the ongoing plan is not subject to the SECURE 2.0

401(k) 111

401(k) Taxes Retirement Plan Employment 111

HR Digest

MARCH 12, 2025

401(k) matching), stock options, or performance bonuses. Lifestyle and Convenience Benefits From commuter subsidies to free meals, pet insurance to discounted event tickets, these perks add a layer of comfort and engagement to daily life. In an era of rising healthcare costs, these benefits are non-negotiable for many workers.

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

HR Lineup

MAY 9, 2023

Pazcare provides its employees with 401(k) plans, which are retirement savings plans that allow employees to save for their future. Pazcare also offers a matching program, where the company matches a portion of the employee’s contribution to their 401(k) plan, which helps employees save even more money for their retirement.

401(k) 130

401(k) Flexible Spending Account Health Insurance PTO 130

Griffin Benefits

NOVEMBER 1, 2022

Together, these combined announcements by the IRS detail 2023 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. 2023 Retirement Plan Limits Increase.

401(k) 85

401(k) Retirement Plan Health Savings Account Deductions 85

Money Talk

APRIL 7, 2022

401(k)s, 403(b)s, and traditional IRAs) can begin making penalty-free withdrawals starting at age 59½. o Widowhood- The most stressful life-changing event where married older adults must “copilot” life alone. Tax-Free- RMDS must begin at age 72 and many people start withdrawing retirement savings at this time.

401(k) 189

401(k) Taxes Finance Education 189

Money Talk

APRIL 14, 2022

Income changes can result from a number of life events including changing jobs, adding or ending “side hustle” freelance work, adding a spouse to the labor force, retiring, getting married or divorced, having a baby, and more. 401(k), 403(b), 457, TSP).

Taxes 189

Taxes Family and Medical Leave Act 401(k) Deductions 189

Best Money Moves

NOVEMBER 6, 2024

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. Offering benefits such as tuition reimbursement and life insurance subsidies can be especially helpful for working parents.

401(k) 59

401(k) Voluntary Benefits Life Insurance Banking 59

Griffin Benefits

NOVEMBER 11, 2021

Together, these combined announcements by the IRS detail 2022 adjusted limits to the amounts employees can tuck away pretax into Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), transportation benefits, and retirement plans such as 401(k)s. 2022 Retirement Plan Limits Increase. HSA & HDHP Limits Increase for 2022.

401(k) 56

401(k) Retirement Plan Health Savings Account Deductions 56

Best Money Moves

FEBRUARY 22, 2022

Events, contests and webinars can be an easy way to encourage employees and teach them about 401(k) tax benefits. Address the retirement race gap head-on and use 401(k) auto-enrollment to increase participation. Host company incentives, like match contributions, to encourage benefits use.

401(k) 105

401(k) Education Food Finance 105

WEX Inc.

JULY 24, 2023

HSAs have comparable — or better — perks than a 401(k) or IRA with respect to healthcare costs, including: HSA contributions reduce taxable income. 8 HSA retirement questions with Jason Cook, director of healthcare emerging market sales, WEX How do FICA taxes work for an HSA or 401(k)? “A

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

HR Bartender

APRIL 16, 2017

Traditional benefits include employer-offered healthcare, a 401(k) program, and vision benefits. These can range from having a foosball table in the break room to offering employees free tickets to sporting events throughout the year. Perks are extras that go above and beyond traditional benefits.

Taxes 149

Taxes Recruitment 401(k) Payroll 149

Genesis HR Solutions

SEPTEMBER 22, 2020

401(k) & 403(b) Retirement Plans. A 401(k) or a 403(b) is a retirement plan named for the section of the tax code that governs it. ( A 401(k) plan can be an important tool for a small business to attract and retain employees. eHealthinsurance.com ). Retirement. Additional Benefits To Consider.

401(k) 98

401(k) Employee Benefits roth 401(k) Disability Insurance 98

Achievers

APRIL 4, 2022

Employment benefits are additional incentives such as health insurance, a 401(k) plan, paid time off, company sponsored events, and wellness perks like a free gym membership. Of course, the best organizations go beyond traditional rewards with a comprehensive employee recognition program.

Employment 239

Employment 401(k) Employee Recognition Bonuses 239

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 8, 2022

In this particular case, Oshkosh emerged victorious with the Seventh Circuit affirming the dismissal—at the motion to dismiss stage—of claims that it mismanaged its 401(k) plan by paying excessive recordkeeping fees, failed to ensure investment options were prudent, and unreasonably maintained high-cost investment advisors. Background.

401(k) 97

401(k) Management IT 97

Flimp Communications

DECEMBER 19, 2024

For example, you might share short explanatory videos designed to unravel the complexities around your companys savings benefits, such as your 401(k) plan or HSA offering. Brief (and we do mean brief ) emails tied to annual events such as tax season can capture your employees attention when their financial anxieties are at their peak.

401(k) 52

401(k) Financial Counseling Finance Education 52

Insperity

FEBRUARY 13, 2018

In the event an employee is unable to work for a period of time, they can have peace of mind there is some level of income replacement available to them during their absence. Make a 401(k) plan available to them. When you offer a 401(k) plan, your employees will feel more assured about their future. Everybody wins.

401(k) 77

401(k) Disability Insurance Flexible Spending Account Deductions 77

InterWest Insurance Services

AUGUST 30, 2022

401(k)s or other retirement plans. If many employees are living paycheck to paycheck, this could be invaluable in the event of a crisis in their lives — for very little in premiums. Consider workshops, lunch & learns, brown-bag events and other forms of outreach. Dental insurance. Life insurance. Vision care.

Benefits Package 98

Benefits Package 401(k) Disability Insurance Health Insurance 98

HR Bartender

MAY 1, 2018

And older employees want to take time off to attend kids’ events and take care of sick loved ones without “wasting” their vacation days. We increased the 401(k) match; created a scholarship program for employees’ children; and launched a child care assistance program.

401(k) 141

401(k) Parental Leave Paid Vacation PTO 141

InterWest Insurance Services

NOVEMBER 10, 2022

One way to do that is by focusing on pending life events that younger-generation workers may be encountering: Marriage and children — Employers can focus their messaging to these generations of employees by highlighting these major life milestones and the importance of having health insurance in place.

401(k) 97

401(k) Health Savings Account Health Insurance Insurance 97

Insperity

SEPTEMBER 1, 2022

To maintain strong employee relationships and avoid getting caught off guard, inflation is one of those current events for which you should consider preparing a communication plan. Therefore, understand the needs and expectations of your workforce. Your managers really are the glue that holds everything together in your workplace.

401(k) 94

401(k) Retirement Plan Bonuses Salary 94

Insperity

FEBRUARY 20, 2020

Rather than take time off or call-in for work, employees could move hours around to manage events or other appointments. This can lead to a more positive perspective on their jobs. Absenteeism can decrease. Employees can make decisions resulting in healthier and happier outcomes.

401(k) 105

401(k) Paid Vacation Disability Insurance Insurance 105

Vantage Circle

JUNE 16, 2021

In such plans, the employer combines the profit-sharing with the 401(k) plan. Profit-sharing Vs. 401(k). 401(k) is the name of a section in the Internal Revenue Code (IRS). Employees receive the amount at the time of retirement if it is merged with their 401(k) plan. Profit-sharing.

401(k) 52

401(k) Profit Sharing Plan Retirement Plan Bonuses 52

Hppy

NOVEMBER 26, 2024

401(k) for private companies or 403(b) for non-profit organizations allow employees to allocate a portion of their pre-tax earnings to retirement savings. Retirement Plans Many job seekers today are looking for a company they can truly invest in.

Benefits Package 36

Benefits Package 401(k) PTO Health Insurance 36

HR Digest

JUNE 24, 2024

Gen X’s retirement issues have been linked to many different elements but the unstable financial markets that persist today and the switch to 401(k)s over the course of their working years have been the most damaging to their retirement plans.

401(k) 52

401(k) Retirement Plan Deductible Deductions 52

Insperity

FEBRUARY 9, 2015

Your employees need a way to electronically manage their information, such as enrolling in or making qualifying life-event changes to their benefits, recording direct deposit data, updating skill sets, accessing tax documents and entering basic personnel information. Now that more people have jobs, the focus is on how to manage employee data.

Technology 90

Technology 401(k) PTO Payroll 90

Best Money Moves

AUGUST 28, 2018

Most millennials have nothing saved for retirement and of those that do, research from E-Trade revealed that 60 percent have already taken an early withdrawal from their 401(k). Millennials are also falling behind when it comes to major life events like getting married and buying a home.

401(k) 61

401(k) Banking Human Resources Finance 61

Benefit Resource Inc.

APRIL 8, 2021

Planned/unexpected medical and life events (e.g., Expected costs for the year related to routine healthcare, medical events, vision, dental, and child care expenses. *A A 401(k) to save money for retirement. Expected vision and dental care needs (e.g., annual eye exam, glasses or contact lenses, fillings, etc.).

401(k) 75

401(k) Health Health Savings Account Medical 75

Griffin Benefits

FEBRUARY 23, 2023

Funerals, divorces, tax bills, accidents, and other unplanned events can also magnify already tense situations. For instance, when it comes to a 401(k) plan, is the employer using auto-enrollment and auto-escalation features to optimize employee participation and triggering of the employer match?

401(k) 81

401(k) Medical Taxes Construction 81

Best Money Moves

AUGUST 28, 2018

It’s time to stop avoiding the inevitable and start preparing for unfortunate events that are likely to happen later in life. Employers should encourage employees to contribute to their 401(k) program and offer an employee match.

401(k) 61

401(k) Healthcare Retirement Plan Education 61

HR Bartender

AUGUST 21, 2016

He brought all the stakeholders into a room and asked, ‘What data elements are we already tossing over the wall to third-party insurance providers, 401(k) providers, Flexible Spending Account managers, COBRA administrators, etc.?’. Kutik] Many people have full-time jobs keeping up with the HCM market, and they can barely cope.

401(k) 100

401(k) Software Human Resources Flexible Spending Account 100

Benefit Resource Inc.

FEBRUARY 4, 2021

We talked previously about how HSAs and 401(k)s pair nicely together. This reaction is a (semi) fictional dramatization based on real events that definitely happened in a group chat not long ago. You can use the funds as you see fit. We’re guessing their response was something along the lines of “Yes I have an HSA!

Health Savings Account 73

Health Savings Account 401(k) Retirement Plan Taxes 73

Snell & Wilmer Benefits

MARCH 21, 2024

The legislative intent of a PLESA is to allow low- and middle-income employees to use payroll deductions to accumulate funds that they can use in the event of an emergency. PLESAs may only be offered in defined contribution plans including 401(k), 403(b) and governmental 457(b) plans.

Pension 52

Pension 401(k) Retirement Plan Employment 52

Business Management Daily

JUNE 16, 2023

Hopefully this isn’t an issue that comes up for your payroll department often, but it’s important to know what to do, and get it right, in the event that it does happen. Are there special reporting requirements? So, let’s take a look at the unique circumstances related to a deceased employee’s payroll.

Taxes 52

Taxes 401(k) Payroll Voluntary Benefits 52

Best Money Moves

JULY 26, 2022

In the event of unforeseen job loss, emergency funds can help cover monthly necessities like rent, utilities and food. In the event of an emergency or economic downturn, employees can be assured that they have a financial cushion to help them weather financial uncertainty. . 4 ways to help employees build a rainy day fund.

401(k) 64

401(k) Overtime Food Utilities 64