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401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. Candidates weigh a variety of factors when deciding where to apply or accept a job; compensation, room for growth, company culture, and of course benefits. Roth401(k). Enroll your employees.
- In fact, it also revealed that 82% of working professionals selected retirement and savings as an important benefit. mostly provided traditional 401(k), while 68% also offered Roth401(k) plans. Their belief is to offer handsome benefits throughout their career and into retirement.
Alongside competitive salaries and career growth opportunities, companies are now offering a wide array of tax free or non taxable employee benefits to attract and retain top talent. Additionally, employers can benefit from tax deductions or exclusions for providing these benefits.
In an EBRI survey, it was found that the employee benefitspackage holds significant importance for job seekers, with 78% indicating that it greatly influences their decision to either accept or decline a job offer. The Bill & Melinda Gates Foundation provides a great benefitspackage to its employees.
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