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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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Importance of Employee Benefit Package And Why it Matters

HR Digest

From mandated health insurance plans to free snacks, benefits and perks can play a big role in talent attraction and employee retention. Health insurance Those benefits provide a baseline of employee expectations. Matching 401(k) contributions 2. Health care flexible spending accounts 3.

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Financial tips for your LGBTQ+ community

Employee Benefits

Yet, gaps in financial education and familial wealth still exist when LGBTQ couples are compared to their non-LGBTQ counterparts. These individuals are 5% less likely to have a 401(k) or retirement plan and 12% less likely to have an IRA. Other types of insurance, like life, auto and renters, may also have spousal benefits.

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Two-thirds of Small Firms Are Boosting Their Benefits Packages: Poll

InterWest Insurance Services

Now more than ever, employers need to step up their employee benefits game beyond providing group health insurance. Good pay and a robust health insurance package still win the day, but employers are having to do more to sweeten the pot, according to a new survey by MetLife. 401(k)s or other retirement plans.

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Employee Benefits Guide for 2023: What Employers Need To Know

Vantage Circle

Enhancing Employee Health And Well-being: Benefits like health insurance, wellness programs, and mental health support contribute to employees' physical and emotional well-being. The health and well-being of our employees is a top priority because they are our company's greatest asset.

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What Are Fringe Benefits and Are They Taxable?

HR Digest

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. Some businesses offer sabbatical options to long-term employees, or flexible schedules and education assistance, just to name a few.

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Employee benefits for small businesses

Higginbotham

Health Insurance for Small Business. Under the ACA, small employers with fewer than 50 full-time equivalent employees are not required to offer health insurance or subject to the employer shared responsibility provisions. However, many small business owners offer health insurance coverage anyway.