WEX Inc.

JUNE 13, 2023

And baby boomers are actually the highest percentage of retirement-account holders among any group segmented in a 2021 survey by the U.S. This lack of retirement planning by large segments of employees is leading to more stress for them and less productivity at work. First, offer retirement plans. Census Bureau.

Retirement Plan 98

Retirement Plan 401(k) IT Healthcare 98

WEX Inc.

JULY 24, 2023

Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. Why HSAs for retirement planning? These accounts provide another way for your employees to diversify their efforts to prepare for retirement. Click below to get your free HSA retirement white paper.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

Money Talk

JULY 13, 2022

Simply divide the December 31, 2021 balance in each of your tax-deferred accounts by the appropriate age divisor in the Uniform Lifetime Table to determine the minimum amount (which is taxable income) that must be withdrawn. Before RMD money is withdrawn in 2022, develop a plan for what to do with it. Start planning now at mid-year.

Taxes 189

Taxes Retirement Plan Finance Consulting 189

HR Lineup

OCTOBER 25, 2023

As we step into 2023, retirement planning has become more critical than ever. With the uncertainty surrounding the future of Social Security and the increasing life expectancy, having a solid retirement plan is essential. Their 401(k) plans are no exception, with a focus on simplicity and long-term wealth accumulation.

401(k) 130

401(k) Retirement Plan Taxes Education 130

Employee Benefits

JUNE 3, 2024

Following a review of its pension scheme and a consultation in 2020, kitchen furniture manufacturer Howdens chose to close its defined benefit (DB) scheme in 2021. Those who are closer to retirement can take part in at-retirement workshops and webinars put on by the organisation’s pension provider , Standard Life.

Retirement Plan 63

Retirement Plan Pension Manufacturing Consulting 63

Money Talk

APRIL 21, 2022

a cash flow (income minus expenses) statement for a recent month or your spending plan/budget , 2. retirement plan statements and insurance policies). Other common designations for financial advisors are ChFC® (Chartered Financial Consultant®) and CPA®/PFS™ (Certified Public Accountant®/Personal Financial Specialist™).

Commissions 188

Commissions Finance Retirement Plan Consulting 188

WEX Inc.

NOVEMBER 21, 2024

Additionally, health savings accounts (HSAs) continue to gain attention as a powerful tool for retirement planning, offering tax advantages and the ability to save for future healthcare costs. Employers should prepare for potential changes in healthcare policy, retirement plans, and wage laws.

Employee Benefits 104

Employee Benefits 401(k) Employment Health Savings Account 104

HR Professionals Magazine

SEPTEMBER 2, 2021

As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” 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.

Retirement Plan 52

Retirement Plan roth 401(k) 401(k) Taxes 52

Health Consultants Group

APRIL 1, 2021

How CARES Act Affects Employee Retirement Plan Distributions. Even if you’re not quite back to business as usual, it’s tax time, and the IRS expects you to be ready. That includes compliance with CARES Act Section 2202 , Special Rules For Use of Retirement Funds. CARES Act Retirement Plan Rules.

Retirement Plan 52

Retirement Plan 401(k) Taxes Pension 52

WEX Inc.

JUNE 13, 2024

How is your HSA vs. your 401(k) vs. your IRA shaping up for retirement planning? Retirement planning is a lot easier when you imagine what you want it to be like. Will you retire in Florida, or at a cabin in the woods? These elective salary deferrals are excluded from your taxable income, except at retirement.

401(k) 96

401(k) Retirement Plan Health Savings Account Deductions 96

Insperity

DECEMBER 12, 2012

Offering your employees a retirement plan doesn’t have to be a burden on your budget. The federal government offers tax benefits to help make retirement plans more affordable for small businesses. Here are a couple of ways you can save some money by sponsoring a retirement plan.

Retirement Plan 40

Retirement Plan 401(k) Taxes Deductions 40

HR Digest

AUGUST 28, 2023

With the ability to make both employee and employer contributions, the Solo 401k allows you to save and invest more compared to traditional retirement plans. So, let’s get started and see if a solo 401k is the golden ticket to a secure retirement. The tax treatment for both types of plans is the same.

401(k) 98

401(k) Retirement Plan Taxes Consulting 98

Hireology

JUNE 1, 2017

The company also invests in its employees’ health and happiness with a comprehensive benefits package ranging from company-sponsored health plans, retirement planning with match, unlimited paid time off, gym membership and bike ride sharing discounts, student loan financial planning consultants, and tax-free commuter transit benefits.

Retirement Plan 113

Retirement Plan Benefits Package Human Resources Comprehensive Benefits 113

WEX Inc.

JULY 9, 2024

By contributing more to your HSA, you can use these pre-tax funds to pay for eligible routine or unexpected healthcare expenses that your healthcare plan may not cover. For those who do not have a lot of savings or flexibility in budgeting, investing HSA funds can be a key component to your retirement strategy.

Health Savings Account 98

Health Savings Account Healthcare Medical Taxes 98

WEX Inc.

MAY 29, 2024

Supporting employees through retirement planning and phased retirement options helps them feel valued even as they leave the organization. During employment, benefits like health insurance, retirement plans, and wellness programs contribute to sustained engagement and overall well-being.

Retirement Plan 98

Retirement Plan Taxes Health Insurance Recruitment 98

Insperity

OCTOBER 2, 2018

When federal tax reform happens, it makes headlines across all media, with the news of sweeping tax changes and how they impact businesses and individuals. Our nation’s first major tax reform in more than 30 years has spurred many business owners to spend hours with their CPAs and tax consultants over the past few months.

Taxes 72

Taxes 401(k) Payroll Professional Employer Organization 72

Employee Benefits

NOVEMBER 15, 2023

Adrian Firth, financial education consultant at Mattioli Woods, says: “They are more likely to appreciate the benefit of tax relief and the employer contributions on top of their own payment when they can see it laid out before them.”

Pension 111

Pension Retirement Plan Education Finance 111

Qandle

JULY 10, 2024

Essentially, a PEO becomes the employer of record for tax and insurance purposes, allowing client companies to focus on core business activities while the PEO handles administrative burdens. They stay updated with labor laws, handle payroll taxes, and manage employee documentation to mitigate legal risks for client companies.

Professional Employer Organization 105

Professional Employer Organization Employment Benefits Package Payroll 105

Fringe Benefit Analysts

MAY 8, 2022

Finding the best team members many times means offering a comprehensive package; however, it can be time-consuming and difficult to decide on the best plans, and then implement them, when it is not within the expertise or scope of a company’s current human resources (HR) department.

Consulting 52

Consulting Employee Benefits Benefits Package Health Insurance 52

Insperity

FEBRUARY 3, 2011

Retiring comfortably is something every worker dreams of. Sponsoring a retirement plan can help them get there. Retirement plans come in a wide range of shapes and sizes, each with its own unique functionality. The following steps can help simplify the process of choosing and managing a plan.

Retirement Plan 40

Retirement Plan 401(k) Employment Profit Sharing Plan 40

Health Consultants Group

OCTOBER 1, 2021

Employees still want traditional options such as retirement plans, educational assistance, and health insurance. However, by implementing a Cafeteria Plan, you can also allow employees to select the additional benefits they prefer. . Cafeteria Plan benefits often include. Call Health Consultants Group at (800) 367-2482.

Employee Benefits 86

Employee Benefits Family and Medical Leave Act Flexible Spending Account Health Savings Account 86

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

provisions make some significant changes for retirement plans , but CAA 2023 also extends the telehealth plan safe harbor for high-deductible health plans (“HDHPs”) that were first introduced in the 2020 CARES Act. Not only do the CAA 2023’s “SECURE 2.0”

Deductions 98

Deductions Deductible Health Savings Account Retirement Plan 98

WEX Inc.

MAY 8, 2023

And a quarter of traditional plan participants were likely to choose an HDHP plan instead if offered this type of coverage. Check out our free white paper about HDHPs, HSAs and retirement planning! It is not legal or tax advice. The information in this blog post is for educational purposes only.

Deductions 97

Deductions Deductible Health Savings Account Employee Enrollments 97

Insperity

FEBRUARY 11, 2021

Not only do you have to figure out the proper way to pay your people, you have to withhold the appropriate taxes, deposit them and report them to the government. Most payroll services use automation to calculate wages, taxes and other withholdings properly and to generate and file tax returns. Locate or apply for your tax ID.

Payroll 104

Payroll Overtime Deductions Deductible 104

HR Digest

FEBRUARY 20, 2020

Retirement plans for a person are valuable benefits that impact both the present as well as future lives of the employees. However, offering retirement benefits to an employee can be a complicated process. As such, it is essential to understand the pros and cons of the process of providing retirement benefits.

Pension 87

Pension Retirement Plan Taxes Pension Benefit 87

WEX Inc.

SEPTEMBER 25, 2023

Employees are often more focused on frequently used benefits such as vacation and paid off policies (PTO) rather than insurance, voluntary benefits and retirement plans. It is not legal or tax advice. For legal or tax advice, you should consult your own counsel.

Voluntary Benefits 98

Voluntary Benefits Health Savings Account PTO Retirement Plan 98

Qandle

SEPTEMBER 20, 2024

Payroll services ensure accurate and timely payment of wages, managing deductions, benefits, and tax withholdings. Core Features of HRMS Payroll Management: Automates payroll calculations, tax deductions, and paycheck generation. Consider seeking recommendations from other businesses or consulting with an HR technology expert.

Payroll Manager 105

Payroll Manager Payroll Payroll Software Management 105

WEX Inc.

FEBRUARY 23, 2023

Add dependents Your HSA or FSA may cover your dependents’ costs if the dependents are claimed on your tax return. For HSAs, it's tax dependents and spouses. Because an HSA is a “savings” account, you’ll want to designate a beneficiary (or beneficiaries), just as you would with a 401(k) or other retirement-planning accounts.

Flexible Spending Account 98

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

Benefit Resource Inc.

NOVEMBER 29, 2023

.” — Unknown Benefits hack #1: COBRA + HSA = Early Retirement Are you anxiously awaiting your 65th birthday so you can retire and enroll in Medicare? You have a healthy retirement plan with a 401K, but lack options for comprehensive group medical benefits. By age 65 (or 63.5

401(k) 98

401(k) Medical Retirement Plan Health Savings Account 98

WEX Inc.

MAY 12, 2023

With money being the number one factor negatively affecting mental health, HSAs are a great tool for investing and retirement planning. Would you like to learn more about how participants can lean on their HSA to plan for retirement? It is not legal or tax advice. And don't forget about investing!

Health Savings Account 98

Health Savings Account Medical Retirement Plan Taxes 98

HR Bartender

JULY 19, 2016

The information we’re covering is for general informational purposes only and does not constitute legal advice, tax advice, accounting services, or professional consulting of any kind. Exploring the Overtime Policy Piece. Organizations will need to understand what triggers a qualifying event and when an employee becomes eligible.

Overtime 100

Overtime Human Resources Retirement Plan Life Insurance 100

WEX Inc.

DECEMBER 12, 2024

Targeted recommendations: By analyzing factors such as age, role, family status, and location, AI can suggest benefits options like health savings accounts (HSAs) , retirement plans, or wellness programs that are most relevant to each employee. It is not legal, tax or investment advice. Check it out here.

Health Savings Account 52

Health Savings Account Benefits Package Retirement Plan Taxes 52

WEX Inc.

DECEMBER 18, 2024

Flexible spending accounts (FSA) Flexible spending accounts (FSAs) offer a valuable tax-advantaged benefit, but the IRS use-or-lose rule can result in forfeited funds if employees dont use their balances by the deadline. Key dates October 3, 2025: Distribute QSEHRA notices to employees 90 days before the start of the 2026 plan year.

Family and Medical Leave Act 52

Family and Medical Leave Act Flexible Spending Account Flexible Spending Insurance Carriers 52

Employee Benefits

JUNE 3, 2024

Philip Smith, DC director at TPT Retirement Solutions, says: “Most employees will opt for a combination of drawing their pension down over time, taking some of it as a lump sum or buying an annuity. However, this can have tax implications if they withdraw beyond their tax-free limit.”

Education 69

Education Pension Retirement Plan Government 69

Employee Benefits

AUGUST 30, 2023

In addition, senior managers with more complex financial affairs can use Evelyn Partners’ executive consulting service to access to expertise in wealth management, financial planning and tax, with the option to sign up for formal, ongoing advice.

Pension 59

Pension Retirement Plan Taxes Finance 59

WEX Inc.

JANUARY 14, 2025

Schedule workshops or webinars to break down complex topics like: Health savings accounts (HSAs) Flexible spending accounts (FSAs) Retirement planning options Emphasize the total rewards picture Highlight how your benefits program fits into your companys total rewards strategy. It is not legal or tax advice.

Flexible Spending Account 52

Flexible Spending Account Health Savings Account Flexible Spending Retirement Plan 52

WEX Inc.

NOVEMBER 27, 2024

Traditional Health Plan Calculator , which lets you input your annual doctor visit and prescription expenses to see the plan that’s right for you. Pre-tax benefits savings Premiums aren’t the only way you can save on healthcare costs. Are you comparing an HDHP versus a traditional PPO or other type of traditional health plan?

Deductions 52

Deductions Deductible Health Savings Account Flexible Spending Account 52