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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’s important to take care of the people that work to keep your business alive, and helping them plan for their retirement is a great way to do that. What is a 401(k)? Do employers have to offer a 401(k) to employees?

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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Life Insurance.

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What Are Fringe Benefits and Are They Taxable?

HR Digest

Something as serious as retirement planning assistance could just as soon be a benefit as providing a gym membership for employees who want to work out. 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.

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Total compensation package examples

Higginbotham

Retirement Plans. Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.). Company A also offers a 401(k) with contribution matching. Commissions. So how does Company B stack up?

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

Offering retirement benefits also makes financial sense because they often come with tax incentives. Department of Labor explains that the Employee Retirement Income Security Act (ERISA) covers two main types of retirement plans: defined benefit plans and defined contribution plans.

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Budgeting for Benefits: Sage Advice for Cost-Conscious Employees

Griffin Benefits

While younger workers might be attracted to the lower monthly medical premiums afforded to HDHP plan participants, they must also recognize the risks of possibly selecting a plan that doesn’t rely on copays. The same goes for retirement plans. EXISTING DEBT OBLIGATIONS.

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What employees expect from benefits packages

Business Management Daily

Medical plans with no or low-cost deductibles. Insurance that is accepted at a greater range of places. The company paying a higher portion of the insurance premium. Organizations also frequently provide employees with free or low-cost life insurance. Retirement plans. Health Savings Accounts.