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Congress passes SECURE 2.0 Act, making important changes to 401(k)s

Business Management Daily

All qualified part-time employees are enrolled in the plan and pretax deductions are made from their pay. The basis for withholding, including for auto-enrollment 401(k) plans, is that you can’t miss what you never thought you had. Accounts must be set up as Roth after-tax accounts. Roth 401(k) provisions.

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Introduction to 401(k)s for small businesses

Business Management Daily

With a 401(k), employees can elect to have a percentage of each paycheck deposited directly into an investment account. These funds may be deducted on a pre-tax basis depending on the type of 401(k) plan. There are some tax credits that can help offset the initial costs of offering a 401(k).

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16+ types of employee benefits you should consider

Genesis HR Solutions

Using untaxed dollars in an HSA to pay for deductibles, copayments, coinsurance, and some other expenses can lower overall health care costs. An HSA can be used only if employees have a qualified High Deductible Health Plan (HDHP). There is risk involved in sponsoring a 401(k) Plan— we discuss this in detail in this article.

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