HR Digest

MARCH 28, 2023

One popular way to get your retirement plan sorted in the United States is through a 401(k) plan. A 401(k) plan is a type of retirement account offered by employers to their employees. How does 401(k) work? A 401(k) plan is that the money grows tax-free until it is withdrawn at retirement age.

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Best Money Moves

DECEMBER 9, 2024

The average employer matches 6% of an employee’s Traditional 401k and Roth 401k contributions. Retirement benefits trends may help move the needle In SHRMs Employee Benefits survey, more than 80% of employers said that retirement benefits were very or extremely important.

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HR Digest

JULY 9, 2022

A Roth IRA is an individual retirement account (IRA) that allows you to invest pre-tax money, which means that any money you put into it isn’t taxed until you withdraw it — at which point it comes out tax-free. You can open a Roth IRA with any financial institution, including bank accounts, investment brokerages, and mutual funds.

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Business Management Daily

MARCH 21, 2022

Setting up a 401(k) for employees can be a daunting task for small business owners. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. What is a 401(k)?

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Business Management Daily

NOVEMBER 12, 2019

Not much of a choice, is it? Hard to believe, but it’s November. Which means now is the perfect time to think about the impending payroll year-end season. Here’s some help to get you on your way. 1: Organize for success. Payroll ’s annual year-end trek crosses many corporate boundaries.

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Empuls

JULY 11, 2023

Additionally, Roth retirement accounts offer unique tax advantages. Contributions to Roth 401(k)s or Roth IRAs are made with after-tax dollars, meaning they are not tax-deductible upfront. By reducing the taxable portion of their income, employees can effectively increase their take-home pay.

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Empuls

JUNE 21, 2024

mostly provided traditional 401(k), while 68% also offered Roth 401(k) plans.  Also known as the 401(k) bill, this makes it mandatory for businesses with 10 or more employees to offer a retirement solution to their employees. It's essentially free money to boost your retirement nest egg. 

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