Business Management Daily

SEPTEMBER 16, 2022

Technically, 401(k) plans are profit-sharing plans, not retirement plans. But they morphed into retirement plans long ago, so they’re pretty important to employees. The other two legs are employer-based retirement savings and personal savings.

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Empuls

JUNE 21, 2024

Bureau of Labour Statistics 1 has shown that 73% of working professionals accessed retirement rewards and benefits. Moreover, 56% of the workers participated in the plans. The research also revealed that up to 77% of workers with access to employer-sponsored benefits, chose to participate in the program, increasing the take-up rate.

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PeopleStrategy

DECEMBER 12, 2023

Let’s get into these areas that deserve another look before the new year starts: health savings accounts, overtime, retirement, remote employment, and the Affordable Care Act. HSA Compliance Health savings accounts (HSAs) have become commonplace in the last several years as a way to offset high deductible health plans.

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Vantage Circle

SEPTEMBER 16, 2021

It is also referred to as an employee stock option plan (ESOP) or an employee stock purchase plan (ESPP). In other words, an ESOP plan is an employee benefit program , somewhat similar to a profit-sharing plan. ESOP plans can be a "win-win" for both employers and employees.

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HR Professionals Magazine

JANUARY 31, 2022

Employer-sponsored retirement plans are divided into two major categories: defined-benefit plans and defined- contribution plans. As the names imply, a defined-benefit plan—also commonly known as a pension plan—promises a specified benefit amount at retirement. By Eddie Vaughn. Examples of.

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Vantage Circle

SEPTEMBER 26, 2021

A phantom stock, also known as “shadow stock” or “ghost shares”, gives employees the opportunity to share in the wealth and success of the company. Companies do this by providing employees with a stake in the company's stock as well as a retirement plan to ensure they have enough money later on in life.

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Vantage Circle

JULY 13, 2021

How to approach a Total Rewards Strategy that ensures benefits for both employees and employers. As an employer, you probably put a lot of effort into analyzing your workforce and the performance of your employees. Some employers allow employees to come in early or leave late and use this time for personal obligations.

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Empuls

OCTOBER 11, 2023

Some companies share a portion of their profits with employees as a way to reward them for their contributions to the company's success. This can be distributed through bonuses, profit-sharing plans, or stock options. It can be a powerful motivator and a way to thank employees for their dedication.

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Vantage Circle

JUNE 16, 2021

If that's the case, a profit-sharing plan is just right for you! According to a Gallup poll, 40% of the employees want profit-sharing options as a part of their compensation plan. So before you start planning, here is all you need to know about profit-sharing. What is Profit-Sharing?

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Bayzat

FEBRUARY 19, 2025

Key aspects to consider: Medical, dental, and vision coverage Mental health support Wellness programs and preventive care Evaluate different plans and providers to find the best balance between coverage and cost for both your company and employees.

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