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How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

At its most basic level, the law encourages people to not only save money for retirement , but to save more and also become financially stable in the present. To do this, the law makes broad changes to the foundation of retirement preparation in the U.S.: employer-sponsored 401(k) plans. The SECURE 2.0

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16+ types of employee benefits you should consider

Genesis HR Solutions

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans.

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31 HR Acronyms Explained

Genesis HR Solutions

1099: A form that reports income from self employment earnings, interest and dividends, government payments, and more. TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. ( TurboTax ) 401(k): Retirement plans named for the section of the tax code that governs them. (

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How Employers Can Help Generation X Save for Retirement

Insperity

While it’s not really your job to make sure your employees are saving for retirement, having a 401(k) plan among other benefits can help you both. There are a few ways you can help Gen X – and your entire workforce – get on the retirement savings bandwagon: Have a good provider. Accessibility to service.

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5 steps to more financially stable employees

Insperity

This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more. Oftentimes, people will pay more monthly for car insurance so they can get a low deductible, usually $500. Everybody wins.

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10 signs your business needs a PEO

Insperity

Have you considered outsourcing your business’s HR to a professional employer organization (PEO)? Have you gotten so bogged down in tactical and administrative human resource tasks that you have little time left for strategy and planning? If not, maybe you should. Are you certain your payroll tax reporting is accurate?

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5 Steps to Building an Employee Benefits Program That Won’t Break the Bank

Insperity

Choosing a high-deductible plan may help you pay less in premiums, but requires your employees to cover more of their costs out of pocket. Aim for a plan that covers at least 60 percent of employees’ salaries. These plans encourage employees to contribute their own money toward retirement every pay period.

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