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Introduction to 401(k)s for small businesses

Business Management Daily

Setting up a 401(k) for employees can be a daunting task for small business owners. It is one of the most highly regulated employee benefits. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. What is a 401(k)? Why should employers offer a 401k?

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16+ types of employee benefits you should consider

Genesis HR Solutions

Critical Illness insurance, also referred to as Critical Care insurance or Critical Illness coverage, provides a lump-sum cash benefit to help cover expenses associated with a qualifying serious illness. Hospital Insurance. Hospital insurance is health insurance for hospital costs. Life Insurance.

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How Employee Perks Can Help Companies in the US

Vantage Circle

In an EBRI survey, it was found that the employee benefits package holds significant importance for job seekers, with 78% indicating that it greatly influences their decision to either accept or decline a job offer. These benefits provide employees with access to essential medical services. percent and 36.1 Additionally, 31.3%

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9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

Non taxable or tax free employee benefits are an integral part of a comprehensive compensation package, complementing salary and other traditional benefits. They can range from health insurance coverage to retirement plans, flexible spending accounts, transportation benefits, education assistance, and more.