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Pros & Cons Of Auto-enrolling Employees In A 401(k) Program

Genesis HR Solutions

Should you auto-enroll your employees into your company’s 401(k) program? Instead, take a look at the pros and cons, and then make an educated decision for your company. Automatic enrollment is exactly what it sounds like—you, the employer, automatically enroll your employees into your organization’s 401(k) plan.

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Top 10 401(k) Providers in 2023

HR Lineup

One of the cornerstones of retirement planning is the 401(k) plan, and choosing the right provider can significantly impact your financial future. In this article, we’ll explore the top 10 401(k) providers for 2023, each offering unique features and benefits to help you make an informed decision. What is a 401(k)?

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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. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. 401(k)s allow employees to set aside a percentage of their salary to plan for their future retirement. What is a 401(k)?

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Middle-Income Earners Can Be Millionaires

Money Talk

saving 10% of pay in a 401(k) plan). Education Matters- One study found that 88% of millionaires graduated from college and 52% have a master’s, doctoral, or professional degree. One reason is that average salaries rise with higher levels of education.

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The feds want your opinion on climate change and 401(k)s

Business Management Daily

The Employee Benefits Security Administration has had an on-again, off-again approach to whether employers can allow 401(k) investment choices to promote social, environmental, or other public policy causes—called economically targeted investments or sometimes environmental, social, or governance investing. 20 questions.

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Can Employers Help Employees Save (or Save More)?

AssuredPartners

Today’s employers play a vital role in helping employees save and invest for retirement. With different needs and expectations, employers must first strive to understand the varying views of each generation. This generation is susceptible to employment risks, market volatility, and increasing inflation. Employer Support.

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Congress Proposes SECURE 2.0 Technical Corrections Bill

Proskauer's Employee Benefits & Executive Compensa

Act of 2022 (“SECURE 2.0”) was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act, and included a myriad of required and optional plan design changes for retirement plan sponsors and employers (described in more detail here ). As previously discussed, the SECURE 2.0 Section 603 of SECURE 2.0

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