article thumbnail

All You Need to Know About Profit-Sharing

Vantage Circle

In addition, the employer sets a lock-in period before which the employee cannot withdraw the money. In such plans, the employer combines the profit-sharing with the 401(k) plan. Thus, implementing such a plan results in enhanced employee retention. Profit-sharing Vs. 401(k). Employee Motivation.

401(k) 52
article thumbnail

Women in Tech: Financial Wellness and Workplace Equality

Best Money Moves

“Women have come a long way both personally and professionally, but when it comes to their finances, there is still a trail left to blaze,” said Lorna Sabbia, head of Retirement and Personal Wealth Solutions for Bank of America Merrill Lynch. Is 2018 the year that employers and employees get on the same page regarding benefits?

401(k) 45
article thumbnail

Prioritize Financial Well-being in the Workplace

Empuls

In an uncertain political and economic climate, where a sizeable proportion of the global workforce faces in-work poverty, the standard wages offered by companies aren't enough to alleviate the financial strain on employees. This has an impact on employees' overall feeling of financial wellness.