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Employee Well-being Needs to Include Retirement Plans

HR Bartender

You mentioned defined benefits plans. I know one of your areas of expertise is in the area of retirement planning. There are lots of articles these days on the topic of retirement – ranging from whether people are actually retiring (versus transitioning to an encore career) to the financial considerations of retirement.

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Rolling the Dice on Crypto in Retirement Plan

HR Professionals Magazine

The guidance asks fiduciaries of retirement plans to remember their main responsibility: act solely in the financial interests of plan participants and adhere to an exacting standard of professional care. For example, as I write this article in May of 2022, Bitcoin has fallen over 50% since its high in November of 2021.

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5 ways you can help employees prepare for retirement

Business Management Daily

Fewer employees are covered by traditionally defined benefit plans. DB plans are retirement plans. The plan sponsor, most likely the employer, bears all the investment risk and pays you a fixed amount every month until you die. And when times get tough, employers often suspend their contributions.

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What is an eligible employee (EE)?

PeopleKeep

There are often different eligibility requirements for employee benefits like health insurance , retirement plans, and paid time off (PTO). Employers and employees need to have a clear understanding of what constitutes an eligible employee and the requirements to qualify for specific benefits.

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Financial Wellness: The Must-Have Employee Benefit in 2022

Best Money Moves

According to a SHRM survey, 74% of employers have not added benefits that address employee’s financial stress since the beginning of the pandemic. Seventy-seven percent of employees want retirement planning and 54 percent of employees want safety net insurance as a part of their financial wellness programs.

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What is a State-Sponsored Retirement Plan? | BerniePortal

BerniePortal

employees are on the verge of a retirement crisis. An alarming article published in BenefitsPRO reported that “[a] sizeable chunk of the U.S. working adult population has nothing saved for retirement and only Social Security to look forward to.” As a result, states are stepping in to provide state-sponsored retirement plans.

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Using A PEO Retirement Plan: Is It Worth It?

Genesis HR Solutions

When we talk to prospective clients about our PEO’s retirement plans, they’re sometimes skeptical about the value of using them, especially if they already have their own plans in place. They wonder: Is switching to a PEO’s retirement plan worth it? as long as it’s within the plan scope we offer.