Best Money Moves

DECEMBER 9, 2024

With a dedicated financial wellness program, you can help employees manage their finances reducing stress and improving productivity. Companies are helping employees make their healthcare costs more manageable through effective healthcare benefits. These benefits trends will continue going into 2025.

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HR Digest

JULY 9, 2022

You can open a Roth IRA with any financial institution, including bank accounts, investment brokerages, and mutual funds. What is a 401(k) plan? A Roth 401(k) is an account in which contributions are taken directly from the paychecks of employees. It was established by the Taxpayer Relief Act of 1997.

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Business Management Daily

MARCH 21, 2022

Plan participants (employees) are also often subject to administrative or management fees. There are some tax credits that can help offset the initial costs of offering a 401(k). It is worth noting that Simple 401(k)s do have lower contribution limits though, so employees may not be able to set aside as much as they would like.

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Business Management Daily

NOVEMBER 12, 2019

Talking to Accounts Payable, Benefits, HR and the executive compensation committee is vital, but you also need to reach out to all employees: Send reminders to employees about name changes, Social Security numbers, W-4s (especially critical this year-end), beneficiaries, 401(k) information and direct deposit. 3: Use the data.

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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. Employers can offer DCAPs as part of their benefits package to support employees in managing their dependent care expenses.

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Empuls

JUNE 21, 2024

The retirement rewards come with a well-managed and planned retirement to provide financial security and stability among the employees during their post-employment phase. mostly provided traditional 401(k), while 68% also offered Roth 401(k) plans. 

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HR Professionals Magazine

SEPTEMBER 2, 2021

Diane, a bit younger in her career, starts her salary at $50,000, and Jack enters a manager position at $70,000. You may be surprised, or not, to hear that some plans don’t even offer the Roth option. The key between a Traditional or Roth 401(k) boils down to when the participant will pay taxes.

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