Remove 2022 Remove 401(k) Remove Deductions Remove Disability Insurance
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New Laws for 2023 part II

InterWest Insurance Services

SB 1126 will require any person or entity with at least one employee to either provide them with access to a retirement program like a 401(k) plan or enroll them in the state-run CalSavers program. Also, since July 2022, the CalSaver’s law has applied to employers with five or more workers. 9) Bereavement leave.

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

In 2022, only 42 percent of the higher earners lived paycheck to paycheck, suggesting that American households are increasingly worse off financially. A 401(k) plan is a popular example of a defined contribution plan. Plus, employers can require workers to pay some or all the premium costs through payroll deductions.

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Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.