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The average employer matches 6% of an employee’s Traditional 401k and Roth401k contributions. According to a 2024 PlanAdviser survey, 48% of employees claimed that concerns about their retirement savings were the top cause of their financial stress. These benefits trends will continue going into 2025.
Employees don’t pay taxes on this money, which means they save an amount equal to the taxes they would have paid on the money you set aside. HealthSavingsAccount (HSA). A 401(k) or a 403(b) is a retirement plan named for the section of the tax code that governs it. ( Medical Insurance. Dental Insurance.
This allows them to allocate more funds toward their financial goals, whether it be saving for retirement, paying for education, or meeting daily expenses. Other advantages of non taxable employee benefits: Cost savings for employees. Additionally, employers can deduct the cost of providing health insurance as a business expense.
Here are a few email templates — yours for the taking and adapting — designed to improve employee financial wellness by answering three common questions about money, savings, and taxes: Should I consider a Roth401(k)? Subject line: Roth vs. Traditional 401(k): Which Is Right for You?
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