article thumbnail

New Laws for 2023 part II

InterWest Insurance Services

SB 1126 will require any person or entity with at least one employee to either provide them with access to a retirement program like a 401(k) plan or enroll them in the state-run CalSavers program. 8) CalSavers expanded. Verification of death, burial or memorial services. 10) PFL wage replacement.

401(k) 98
article thumbnail

How to evaluate the compensation plan?

HR Digest

Paid leave – holiday, vacation, PTO, sick, personal, bereavement, military pay, jury duty, etc. Retirement benefits – include 401(k)/403(b), pension plans, etc. Disability insurance. Life insurance. For example: The compensation package for Job A is salary and paid holiday. Relocation expenses.

401(k) 82
Insiders

Sign Up for our Newsletter

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

article thumbnail

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

Insperity

Unemployment insurance. Disability insurance (required in California, Hawaii, New Jersey, New York, Puerto Rico and Rhode Island). Leaves of absence. Life insurance premiums are typically affordable for most businesses. How much does the company pay each month in disability premiums to provide this coverage?

Banking 50
article thumbnail

10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

You want your employee benefits package to include at least some of these popular fringe benefits : Health insurance. Life insurance. Disability insurance. Paid Time Off (PTO). But just 73% reported being satisfied with the paid leave offered at their organization. Tuition assistance.

PTO 105
article thumbnail

Navigating employee benefits: A comprehensive guide for growing businesses

Insperity

Other types of insurance If an employee loses their ability to earn an income on a temporary or permanent basis, certain types of insurance can help protect their families and livelihoods. Disability insurance , provides employees with replacement income and pays for medical bills if they become disabled and are no longer able to work.

article thumbnail

Prioritize Financial Well-being in the Workplace

Empuls

Supplemental income includes stock options, 401 (k) plans, bonuses, etc. While the insurance premium is discretionary, plans include regular check-ups and eye and dental coverage. Some employers also offer short or long-term disability insurance for those affected and unable to work.