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

WEX Inc.

An HSA is … A health savings account (HSA) is a tax-advantage account that participants can pay for healthcare expenses, save for the future, and invest to build your savings. HSAs are portable, meaning that you can take it with you if you change employers and into retirement where funds may be used for non-qualified medical expenses.

401(k) 96
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4 HDHP trends you don't want to miss

WEX Inc.

HDHP vs. PPO deductible Nearly two-thirds of large employers provide their employees with the choice of an HDHP and a traditional health plan , such as a preferred provider organization (PPO). Check out our free white paper about HDHPs, HSAs and retirement planning! It is not legal or tax advice.

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4 Compliance Strategies that Create Labor Efficiencies

HR Bartender

Ensuring employees are paid in a secure, efficient, and timely manner is one of the fundamental roles of an employer. That includes compliance with employment tax payment and reporting rules with each of the various local, state, and federal agencies to avoid penalties. 3 – Reducing Risk Exposure. . #3

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How HSAs can transform retirement planning and your common questions

WEX Inc.

Click below to get your free HSA retirement white paper. What employers are saying about employee finances and retirement? 65 percent of employees participate in their employers’ retirement plan. HSA contributions made through payroll are not subject to the 7.65% FICA tax.

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Spring Budget 2023: Scheme launches to help disabled people to access work and support

Employee Benefits

Spring Budget 2023: Chancellor of the Exchequer Jeremy Hunt has introduced a government white paper on disability workplace reform, as part of an aim to address the two million people who are economically inactive due to disability or long-term sickness. The programme aims to create 50,000 placements every year. .”

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Understanding Payroll Deductions and Employee Benefits Taxes

Hppy

Employers have the responsibility to accurately calculate payroll deductions and pay employee benefits taxes. Also, of course, getting their wages right is crucial to being a good employer. These include Social security, Federal tax and state and local tax. What employee benefits can you deduct on your tax return?

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How to Protect Your Company from High Employee Turnover

Achievers

One Catalyst estimate states that turnover-related costs amount to 12 percent of pre-tax income for a typical company; and these figures don’t begin to describe the internal stress created when someone quits, or the hit your brand can take if a disgruntled departing worker shares their displeasure on social media.