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Sponsoring a Retirement Plan: Tax Benefits You Should Know About

Insperity

Offering your employees a retirement plan doesn’t have to be a burden on your budget. The federal government offers tax benefits to help make retirement plans more affordable for small businesses. Here are a couple of ways you can save some money by sponsoring a retirement plan. Receive an income tax credit.

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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. 30 percent want information on retirement plans. 27 percent want online financial tools or calculators.

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How to Improve Employee Engagement and Motivation in the Retail Sector (With Examples)

Empuls

Paul Brown was hired by Roark Capital in 2013 as the CEO of the company despite having no experience in the restaurant business. Since its inception in 2013, nearly 400,000 team members have been trained through this program which kept the company profitably growing. During the early 2010s, Arby’s restaurant empire was drowning.

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Why I’m Attending an IT Conference (Advice for HR Leaders)

UpstartHR

A stray comment from a 7:00am 401k administration session at SHRM 2013 still rings in my ears when I talk about workplace retirement plans. I have been to tons of events over the years, and what always surprises me is the fact that I get something out of the most unlikely places.

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Financial Wellness Benefits: Employers are the Employee Financial Lifeline

UpstartHR

Cost of Living Impacts In retirement, Americans fear the rising cost of living. In fact, nearly half of Americans (47%) report being either “very concerned” (36%) or “terrified” (11%) that the rising cost of living will affect their retirement plans. Average 401K account balance is just $72,000. The results were shocking.

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Laws And Regulations Every HR Professional Should Know In 2023

Empuls

Some jurisdictions now require certain types of preventative care to be included in employer-sponsored plans. In terms of retirement benefits, new regulations have been introduced that mandate more transparent communication about the investment options available in retirement plans and also the employer match percentages.

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10 Rules for Employee Retention Your Competition Will Hate

Insperity

This could include investments, such as stock options and 401(k) retirement plans. In a 2013 study, nearly half of employers (47 percent) reported that they usually or always hire candidates who have held the same job title as the position they’re hiring for, according to CareerBuilder. Avoid new job titles.