article thumbnail

Besides Health Insurance and 401(k)s, These Are the Benefits Employees Value Most

InterWest Insurance Services

Besides health insurance and a 401(k) plan, other benefits that employees value highly are generous paid time off and flexible or remote work, according to a new survey. “A multi-generational workforce is a huge benefit for companies,” said Liz Ahmed, executive vice president of People and Communications at Unum.

401(k) 98
article thumbnail

The Secure Act 2.O and the War on Retirement 

HR Professionals Magazine

Before we jump into another exhilarating talk around 401(k) legislation (please sense my sarcasm), I want you to take a few seconds and ask yourself why it all truly matters. Sure, 401(k)s are an incredibly important part of a company’s total benefits package. By Jim Trujillo. This reveals two major problems.

401(k) 52
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Importance of Employee Benefit Package And Why it Matters

HR Digest

The mandatory benefits form the foundation of all employee benefit packages. Health insurance Those benefits provide a baseline of employee expectations. Besides these core benefits, there are many perks and fringe benefits a company can offer to round out the benefits package. Child care benefits 6.

article thumbnail

What Are Fringe Benefits and Are They Taxable?

HR Digest

Not every company can afford such generous or quirky fringe benefits but making the most of their funds and providing more feasible ones does wonders for the mood at the workplace. 401(k) as a Fringe Benefit The very popular 401(k) is also a fringe benefit as employers can choose to assist employees with their retirement planning.

401(k) 52
article thumbnail

Hoops HR

HR Lineup

Hoops HR also offers benefits administration features, allowing users to manage employee benefits such as health insurance, 401(k) plans, and more. The system allows users to create custom benefit plans and track enrollment and eligibility.

401(k) 52
article thumbnail

3 Reasons to Love Your Benefits

Benefit Resource Inc.

These accounts provide extreme flexibility and can play an essential part in building a corporate culture that encourages success, loyalty, and job satisfaction. A specialty account is essentially a series of benefits provided to employees intended not only for their health, but also for their wellness.

401(k) 81
article thumbnail

April HR News Worth Review

Higginbotham

The proposed rule would also add a minimum value rule for family members based on the benefits provided to the family members. proposals include: Expanding automatic enrollment in 401(k) and 403(b) retirement plans (for plan years beginning after Dec. Employer Takeaway. The act is often referred to as “SECURE 2.0”

401(k) 52