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Roth IRA vs 401(K): Which Should You Choose?

HR Digest

You probably have come across the occasional Roth IRA vs 401(k) comparisons to pick your retirement account. But where do you start, especially with the competition between Roth IRA vs 401k. First up: Roth IRA contributions. What is a Roth IRA? What is a 401(k) plan? Roth IRA vs 401(k).

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Introduction to 401(k)s for small businesses

Business Management Daily

Setting up a 401(k) for employees can be a daunting task for small business owners. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. What is a 401(k)?

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5 Emerging Benefits Trends to Look for in 2025

Best Money Moves

With a dedicated financial wellness program, you can help employees manage their finances reducing stress and improving productivity. Companies are helping employees make their healthcare costs more manageable through effective healthcare benefits. These benefits trends will continue going into 2025.

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Congress passes SECURE 2.0 Act, making important changes to 401(k)s

Business Management Daily

Act of 2022 —90+ provisions focused on 401(k) and other retirement plans. Congress has chosen to pay for it by mandating that plans offering certain 401(k) features, like catch-up contributions, be made on an after-tax, Roth basis. 401(k) plans established after Dec. which was enacted in 2019.

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Employee Focused Retirement Plans

HR Professionals Magazine

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. At its most basic level, a 401(k) plan allows employees to save for their personal retirement needs.

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Learn from payroll year-end mistakes or repeat them

Business Management Daily

Talking to Accounts Payable, Benefits, HR and the executive compensation committee is vital, but you also need to reach out to all employees: Send reminders to employees about name changes, Social Security numbers, W-4s (especially critical this year-end), beneficiaries, 401(k) information and direct deposit. 3: Use the data.

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How Employee Perks Can Help Companies in the US

Vantage Circle

The organization also equips your HR team with powerful analytics and reporting tools, facilitating efficient benefit management and offering valuable insights into employee engagement. A 401(k) is a tax-advantaged retirement savings program provided by employers. It caters to the diverse needs and preferences of your workforce.