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Top 10 Employee Benefits Certifications for Professionals in 2024

HR Lineup

Certified Compensation Professional (CCP®) The CCP® certification, also from WorldatWork, specializes in compensation but covers a critical aspect of employee benefits — pay structures, salary planning, and compensation strategy. Best For: Financial advisors, benefits professionals, and HR specialists responsible for 401(k) retirement plans.

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Top 10 401(k) Providers in 2023

HR Lineup

One of the cornerstones of retirement planning is the 401(k) plan, and choosing the right provider can significantly impact your financial future. In this article, we’ll explore the top 10 401(k) providers for 2023, each offering unique features and benefits to help you make an informed decision. What is a 401(k)?

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What is Nonqualified Deferred Compensation?

HR Lineup

Besides the 409A deferred compensation, there is also the qualified deferred compensation plan such as the 401(k)s. The executive staff receives portions of their earned salaries during retirement or later as agreed between both parties. Salary Continuation Plans: This NQDC plan is funded by the employees.

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HSA vs. 401k vs. IRA: How do these retirement accounts stack up

WEX Inc.

How is your HSA vs. your 401(k) vs. your IRA shaping up for retirement planning? To help you prepare, here is a breakdown of three common retirement accounts: an HSA vs. a 401(k) vs. an IRA. A 401(k) is … A 401(k) is a retirement savings plan offered by many employers that provides tax advantages.

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What Is a Qualified Retirement Plan?

HR Lineup

However, the tax deduction is limited to a maximum of 25% of the total salary of the employees in this qualified employee benefit plan. Nonetheless, some common examples include: 401(k). What’s more, some 401(k) contributors may also be further eligible for tax credits. Hybrid plan. Examples of qualified plans.

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Crafting Joy for Workers, Hobby Lobby Announces a Wage Hike

HR Digest

The increase in minimum full-time hourly wage will add up to an annual salary of around $40,000 USD for those working a 40-hour workweek. Image: Hobby Lobby Hobby Lobby Announces Wage Hike Across Stores Hobby Lobby’s starting wage is being increased to $19.25 USD effective immediately. Data from the U.S. USD or $36,675 USD per year.

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Are You a Frequent Job Hopper? Consider Its Impact on Retirement

HR Digest

While this is true, the concerns have more to do with specific retirement funds and employees’ 401(k) agreements with their employer. The report explains that due to the design of many 401(k) plans, the benefits don’t always line up when you switch from one employee to another.

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