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Best HR Software Providers: Standard-setters in performance tracking to 401(K) management

HR Digest

The platform also offers employee benefits options such as health insurance through Gusto’s licensed advisors, 401(k) retirement, workers’ compensation, 529 savings, HSA, life and disability, commuter benefits, and more. Founded 2013. It can be easily integrated with tools like Xero, Clover, Quickbooks, TSheets, and more.

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Worker Enrollment in HDHPs falls

InterWest Insurance Services

After enrollment in high-deductible health plans soared during the last decade, 2022 marked the first year that enrollment in these plans fell among American workers since 2013, according to a new report by ValuePenguin. Funds in the account can be invested and build value over time, like a 401(k) plan.

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November HR Update

Higginbotham

IRS Announces 2024 FSA, Retirement Plan Limits Earlier this month, the Internal Revenue Service (IRS) released cost-of-living adjustments and inflation-adjusted limits for 2024 that affect amounts employees can contribute to health flexible spending accounts (FSAs), 401(k) plans and individual retirement accounts (IRAs).

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Financial Wellness Series Part Three – The Link Between Financial Stress, Health and What Employers Can Offer to Have an Impact

AssuredPartners

Greater employee participation and 401(k) contributions. Reduced Human Resources costs, not having to deal with processing wage garnishments and requests for payroll advances and 401(k) loans, etc. Reduced pressure to increase salaries. Thomas Garman, 2003, (CCH Inc., Bonner, Ph.D., 9] Kouchaki, M., & & Desai, S.

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Why Financial Wellness Is a Must-Have Employee Benefit

Best Money Moves

More than 60 percent of employers now feel “extremely” responsible for their employees’ financial wellness, compared to just 13 percent in 2013, according to the latest Workplace Benefits Report from Bank of America.

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Employee Benefits Success is All About Communication

Best Money Moves

Benefits that were nonexistent in 2013 (at least in terms of EBRI’s report) like health savings accounts and accident insurance are now offered by more than 15 percent of organizations. Employers are also helping employees continue their education as more companies partner with institutions to offer employees free college tuition.

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Quick Shots for HR and Business Pros – #myRA #Retirement Edition

HR Bartender

Additionally, a 2013 report by the National Institute on Retirement Savings found that the average near-retirement household had only $12,000 in planned savings. Among workers who do not participate in a 401(k) or other defined contribution plan, 42 percent say it’s because their employer does not offer one.

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