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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. The undisputed fact is, however, 401(k) plans have morphed into retirement plans.

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How to Choose an Employer-Sponsored Retirement Plan

Insperity

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.

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A Guide to Understanding Retirement Rewards and Benefits with Fortune 500 References

Empuls

  A thoughtfully crafted retirement plan can positively impact employee morale.      Increase the productivity of employees nearing retirement.    A handsomely distributed retirement plan increases job satisfaction. Let's quantify the significance of retirement rewards. 

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Everything You've Ever Wanted To Know About ESOP Plan

Vantage Circle

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. While every company is entitled to federal taxes, ESOP shareholders are exempted from such tax.

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A Comprehensive Guide to Total Rewards (And How to Master It)

Vantage Circle

Some non-monetary rewards include opportunities to learn and grow, extra time off, profit-sharing plans , wellness memberships, etc. It's a guaranteed strategy that boosts profits, employee retention, and employee satisfaction. That goes beyond traditional offerings like retirement plans, health care, and sick leave.

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