Benefit Resource Inc.

JANUARY 31, 2019

Make sure you are getting the 401(k) match. Many employers will offer a 401(k) match up to a certain percentage. Additionally, contributions to a 401(k) are made will pre-tax dollars, so you save on taxes as well. Just like 401k matching programs, more employers are offering HSA matching programs.

401(k) 69

401(k) Taxes Medical Bonuses 69

Proskauer's Employee Benefits & Executive Compensa

MARCH 14, 2022

Department of Labor Employee Benefits Security Administration (“DOL”), cryptocurrency might carry similar dangers for otherwise strong and healthy 401(k) plan accounts. On March 10, 2022, DOL issued Compliance Assistance Release No. On March 10, 2022, DOL issued Compliance Assistance Release No.

401(k) 97

401(k) IT Retirement Plan Media 97

Vantage Circle

MARCH 25, 2025

Companies that think free snacks and a 401(k) match are enough? Comprehensive Health Insurance In a world where a single medical emergency can derail financial stability, comprehensive health coverage is nothing short of a lifeline. The modern workforce wants more. They’re losing out, big time. What’s next?

Employee Benefits 85

Employee Benefits Family and Medical Leave Act 401(k) PTO 85

Benefit Resource Inc.

FEBRUARY 2, 2021

If you’ve already finished the first season of Bridgerton on Netflix and are looking for another love story to dive into, we’re here to tell you about a love story for the ages: a 401(k) & HSA. 401(k) + HSA =. Both 401(k)s and HSAs are money-saving tools. So, what about a 401(k) & HSA?

401(k) 75

401(k) Healthcare Health Finance 75

Achievers

DECEMBER 16, 2019

A matching 401(k) or pension. When employees have decent medical coverage and paid time off to recharge and de-stress, they thrive in and out of work. Some paid parental leave. Use of a company car. And if you’re really shooting for the moon, you may even provide a few of these: Unlimited vacation time. Childcare support.

Employee Benefits 309

Employee Benefits 401(k) PTO Benefits Package 309

Money Talk

OCTOBER 19, 2023

Below are nine of my key take-aways from information that was provided about living well in later life and not running out of money during your lifetime: Medical Advances - Many of the leading causes of death today may no longer be as prevalent in another one or two decades due to medical research advances.

401(k) 213

401(k) Finance Medical Deductions 213

Money Talk

MAY 18, 2022

401(k), 403(b), and traditional IRA). An example of a bunching strategy is combining three deductible items: state income and local property taxes up to the $10,000 cap; unreimbursed medical expenses for an elective procedure, and charitable donations. ¨ Saving even 1% more of pay can make a difference in later life.

Taxes 263

Taxes 401(k) Deductible Deductions 263

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. These include: Medical emergencies or major illnesses Natural disasters Death of a loved one Consider offering a company hardship fund to help in these circumstances.

Employee Wellness 84

Employee Wellness 401(k) PTO Retirement Plan 84

HR Lineup

MAY 9, 2023

The platform is designed to help medical professionals and patients manage healthcare needs more efficiently, utilizing technology to improve the overall healthcare experience. Pazcare is dedicated to providing not only the best medical services to its clients but also to offering an exceptional employment package to its employees.

401(k) 130

401(k) Flexible Spending Account Health Insurance PTO 130

HR Digest

MARCH 12, 2025

Think medical, dental, and vision insurance, often supplemented by wellness programs like mental health support or fitness stipends. 401(k) matching), stock options, or performance bonuses. Heres a breakdown: Health and Wellness Benefits These are the heavyweights of employee perks.

401(k) 72

401(k) Health Insurance Taxes Retirement Plan 72

Money Talk

MARCH 22, 2023

Given the $10,000 cap for state and local taxes, three major areas remain for itemization purposes: mortgage interest, charitable donations, and medical expenses (e.g., Itemizing Deductions - Only about 10% of taxpayers have sufficient tax-deductible expenses totaling more than the standard deduction. an elective surgery) that exceed 7.5%

Taxes 189

Taxes 401(k) Deductible Deductions 189

HR Digest

APRIL 11, 2022

A third of employed workers say they expect to seek a new job this year, and many of them are likely to withdraw money out of their 401(k), something financial planners never recommend. workers with at least one retirement account, almost 21% of Americans who quit their job during the epidemic cashed out their 401(k).

401(k) 52

401(k) Health Insurance Retirement Plan Taxes 52

Money Talk

APRIL 14, 2022

Absent catastrophic medical bills or a natural disaster declared by the U.S. Charitable Gifts- Nobody wants to have large medical bills or property losses, income and property taxes are SALT capped at $10,000, and it takes a pricey house with a large mortgage to exceed the standard deduct with deductible interest.

Taxes 189

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

Money Talk

DECEMBER 22, 2021

Other tax numbers that get indexed are the standard deduction, certain tax credits, and the deduction for business-related and medical mileage. In 2022, retirement savers in 401(k)/403(b)/457 plans and the federal Thrift Savings Plan (TSP) who are under age 50 can contribute up to $20,500, a $1,000 increase from $19,500 in 2021.

401(k) 232

401(k) Pension Taxes Deductions 232

HR Digest

APRIL 30, 2022

A Bitcoin 401(k). recently revealed that they plan to offer investors the option to put bitcoin in their 401(k)s by the end of this year. Retirement plans are essential for financial security in old age, and need sound investments to take care of living expenses, medical bills, and other necessities.

401(k) 52

401(k) Retirement Plan Banking Government 52

Insperity

OCTOBER 10, 2023

employer-sponsored 401(k) plans. Act seeks to: Open access to 401(k) retirement plans to more people Provide greater opportunities to save Offer financial incentives to save while removing common barriers and penalties So, what does the law require of employers? The SECURE 2.0 The SECURE 2.0 The SECURE 2.0 The SECURE 2.0

401(k) 116

401(k) Retirement Plan Taxes Benefits Package 116

Benefit Resource Inc.

AUGUST 19, 2021

During benefits enrollment, the phrase “Do the minimum to get the maximum” is commonly touted as a baseline employees can follow to ensure they are saving enough in their 401(k). Additionally, this model often results in employees prioritizing contributions to their 401(k), then putting money they can spare into an HSA.

401(k) 98

401(k) Healthcare Taxes Medical 98

Best Money Moves

DECEMBER 9, 2024

Employees look for solutions to their unique problems from building retirement savings to handling unexpected medical expenses. Inclusive health benefits are still widely sought after Medical costs continue to be a major concern for employees going into 2025. The common theme emerging from this years insights is personalization.

roth 401(k) 52

roth 401(k) 401(k) Benefits Package Paid Leave 52

WEX Inc.

SEPTEMBER 18, 2024

That’s essentially what you’re doing when your employer offers to contribute or match your contributions to a benefits plan or 401(k) and you’re not taking advantage. Miss out on learning opportunities. The “daily grind” can often get in the way of the big picture, but don’t let it! Open enrollment comes just once a year.

401(k) 52

401(k) Health Savings Account Flexible Spending Account Healthcare 52

Achievers

JUNE 6, 2022

These mandated benefits may include leave time for caring for family or personal medical purposes, worker’s compensation, as well as health, disability, and unemployment insurance. Whether it’s the precise match your organization offers for a 401k or how paid time off is calculated, benefits come with their share of complexity.

Employee Benefits 281

Employee Benefits Family and Medical Leave Act 401(k) Retirement Plan 281

InterWest Insurance Services

JULY 11, 2024

The Department of Labor’s new fiduciary rule, which mainly applies to 401(k) plans, will also affect employers who offer their staff health savings accounts. The new rule, which takes effect September 2024, bars employers from providing advice to their workers on how they should invest the funds in the HSA they offer.

401(k) 98

401(k) Health Savings Account Employment Commissions 98

Genesis HR Solutions

SEPTEMBER 22, 2020

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. 401(k) & 403(b) Retirement Plans.

401(k) 98

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

Best Money Moves

NOVEMBER 18, 2020

401(k) student loan matching is a relatively new program that the IRS approved in 2018. It allows employers to match student loan payments with a contribution to an employee’s 401(k). Medical bills (30 percent. TV, internet, or phone bills (34 percent). Credit card bills (30 percent). Rent (21 percent).

401(k) 105

401(k) Employee Benefits Employment Finance 105

HR Lineup

MAY 10, 2023

The company also provides access to telemedicine services, which allows employees to consult with doctors and other medical professionals remotely. The platform allows employees to easily enroll in 401(k) plans and other retirement savings plans, and offers tools and resources to help employees plan for their financial future.

401(k) 130

401(k) Insurance Carriers Retirement Plan Disability Insurance 130

Best Money Moves

JANUARY 31, 2023

When it comes to retirement benefits, employees are looking for more than just a 401(k) — they want comprehensive guidance on how to prepare for the future. One in 3 medical costs in retirement are not covered by Medicare. Some may be at the beginning stages and need help simply choosing between a Roth IRA or 401(k).

401(k) 119

401(k) Retirement Plan Banking Finance 119

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. Withdrawals for HSA eligible medical expenses are tax-free. Flexibility to withdraw funds for eligible medical expenses when needs emerge.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

BerniePortal

APRIL 4, 2019

Why a 401(k) is part of a competitive recruitment strategy. But if your clients are trying to recruit recent college grads — the youngest generation of millennials — they may be focusing too much on their medical benefit options and not enough on other offerings that would actually make them more competitive with new hires at any age.

401(k) 40

401(k) Recruitment Benefits Package Medical 40

WEX Inc.

OCTOBER 4, 2023

Health savings accounts have a triple-tax advantage, meaning distributions for qualified medical expenses and investment returns are tax-free, and contributions are tax-deductible. For example, if one employee is enrolled in a medical FSA, he or she reduces the taxable income, which reduces the amount subject to Social Security and Medicare.

401(k) 98

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

Empuls

AUGUST 28, 2024

Their services include 401(k) plans, pension plans, and personalized financial planning. They offer a broad spectrum of health insurance plans, including medical, dental, vision, and specialty benefits. These companies focus on employee well-being and satisfaction through innovative and generous benefit programs.

Benefit Providers 40

Benefit Providers Employee Benefits 401(k) Retirement Plan 40

WEX Inc.

JANUARY 8, 2025

For medical FSAs, expenses for children through age 26 and spouses are permitted. 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. From your online account, hover over Accounts and click on Profile Summary.

Flexible Spending Account 52

Flexible Spending Account 401(k) Health Savings Account Banking 52

InterWest Insurance Services

MARCH 7, 2024

HSAs allow your employees to put away funds to pay for future medical expenses. One of the key features of these plans is that the funds in them can be carried over from year to year and can be invested like a 401(k) plan. Withdrawals to reimburse for these expenses are also not taxed.

401(k) 98

401(k) Health Savings Account Pharmaceutical Deductions 98

InterWest Insurance Services

JULY 20, 2022

Indeed, a 2021 study found that 29% of Gen Z respondents are carrying medical debt. If you can help them avoid amassing medical debt, and if they can get the most out of their benefits, you can increase worker satisfaction and retain key talent. Financial wellness. Most students in the U.S. Most students in the U.S.

Education 98

Education 401(k) Deductions Deductible 98

InterWest Insurance Services

MAY 16, 2024

Additionally, if paying for medical costs becomes a burden, employees may forgo necessary care, likely worsening any conditions they are dealing with, which can affect their productivity at work as well. And if they have a medical emergency, they may have to take on debt to pay for the care.

401(k) 98

401(k) Deductible Deductions Health Savings Account 98

InterWest Insurance Services

APRIL 11, 2024

Chamber of Commerce, found that firms with 100 or more workers to whom they offer group health benefits gained from increased productivity, reduced direct medical costs (for self-insured firms), tax benefits and improved retention and recruitment. The analysis by Avalare , a wellness plan provider, and commissioned by the U.S.

401(k) 93

401(k) Health Insurance Insurance Taxes 93

InterWest Insurance Services

JUNE 6, 2024

Additionally, if paying for medical costs becomes a burden, employees may forgo necessary care, likely worsening any conditions they are dealing with, which can affect their productivity at work as well. And if they have a medical emergency, they may have to take on debt to pay for the care.

401(k) 96

401(k) Deductible Deductions Health Savings Account 96

WEX Inc.

MAY 2, 2024

Health reimbursement arrangements (HRAs) and health savings accounts (HSAs) are great tools for you and your employees to save money, and for your employees to prepare for potential medical expenses. Health reimbursement arrangement An HRA is an employer-funded benefits plan that employees use to save pre-tax dollars on medical costs.

Health Savings Account 98

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

Money Talk

OCTOBER 7, 2021

in an IRA and/or a 401(k) or similar employer retirement savings account) and earn higher pension and/or Social Security benefits, working longer delays the need to take withdrawals from retirement savings and see balances decline. Waiting to Retire Has Benefits - In addition to providing more time to save money (e.g.,

401(k) 130

401(k) Entertainment Taxes Retirement Plan 130