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Looking Ahead, the IRS Raises 401(k) Contribution Limit to $23,500 for 2025

HR Digest

The Internal Revenue Service is making some changes to how much you can contribute to your 401(k) plans. As per the IRS, 401(k) limits for 2025 have been increased to an annual amount of $23,500, up from $23,000. Will the 401(k) Cap Increase Be Enough to Help Employees Save for Retirement?

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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

workers better prepare financially for retirement, at every stage of their employment journey. In requiring employers to take actions that can improve their employees’ financial wellness, the SECURE 2.0 employer-sponsored 401(k) plans. In December 2022, the U.S. The SECURE 2.0 The SECURE 2.0 The SECURE 2.0

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Building Trust Through Transparency: The Total Compensation Statement Sample Explained

COMPackage

Incentive Compensation: Any bonuses, commissions, or other performance-based pay. Benefits: A list of all benefits provided by the employer, such as health insurance, retirement plans, paid time off, and life insurance. It typically includes: Base Salary or Wages: The employee’s hourly or annual pay rate.

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Why employee wellness matters – and how it’s good for business

Insperity

Experiencing “presenteeism”, meaning they are not mentally present or productive even when they are physically at work. And employment has an effect on nearly aspect of a person’s wellness, including: Basic financial benefits of a paycheck and benefits. At higher risk for leaving the company.

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Total Compensation Statement Template: Attracting and Retaining Top Talent

COMPackage

Benefits: Detail all benefits provided, such as: Health insurance (medical, dental, vision) Retirement plans (401(k), pension) Paid time off (PTO, vacation, sick leave) Life insurance Disability insurance Employee assistance programs (EAPs) Education assistance Other benefits (e.g.,

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The Role of HSAs in Maximizing Retirement Benefits

Benefit Resource Inc.

As an employer or HR manager, you’re constantly seeking ways to enhance your employee benefits package, ensuring it not only attracts top talent but also supports their financial well-being throughout their careers and into retirement. Why Should Employers Care? Your employees’ financial well-being is our priority.

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Breaking Down the Components of a Total Compensation Statement: Unveiling the Value Proposition

COMPackage

A Total Compensation Statement (TCS) serves as a roadmap, detailing all the financial and non-financial rewards an employee receives as part of their employment package. Understanding the components of a TCS empowers employers to craft compelling offers and equips employees to make informed career decisions.

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