HR Digest

JANUARY 11, 2021

The platform also offers employee benefits options such as health insurance through Gusto’s licensed advisors, 401(k) retirement, workers’ compensation, 529 savings, HSA, life and disability, commuter benefits, and more. The platform automatically calculates and debits local, state, and federal taxes.

401(k) 71

401(k) Software Human Resources Management 71

Vantage Circle

SEPTEMBER 23, 2023

In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” Why Are Employee Benefits Important?

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits 401(k) Employment 59

Genesis HR Solutions

SEPTEMBER 22, 2020

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. 16+ types of employee benefits you should consider. 401(k) & 403(b) Retirement Plans. Additional Benefits To Consider.

401(k) 98

401(k) Employee Benefits Disability Insurance roth 401(k) 98

HR Professionals Magazine

JULY 26, 2022

Before we jump into another exhilarating talk around 401(k) legislation (please sense my sarcasm), I want you to take a few seconds and ask yourself why it all truly matters. Sure, 401(k)s are an incredibly important part of a company’s total benefits package. By Jim Trujillo. This reveals two major problems.

401(k) 52

401(k) Benefits Package Retirement Plan Government 52

Employee Benefits

FEBRUARY 8, 2023

American air travel organisation Delta Airlines has announced that it will give its ground and flight attendant employees a 5% pay increase as of 1 April. All 90,000 employees worldwide are included, apart from those covered by an industry or government requirement, or a collective bargaining agreement.

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401(k) Pension Government Education 96

HR Professionals Magazine

MAY 24, 2022

As a team of 401(k) advisors focused on participant outcomes, we are constantly fielding financial related questions from employees seeking advice. This means it is held in code, on computers instead of in banks and there is no central body managing the value of it like our government does with the US Dollar.

Retirement Plan 98

Retirement Plan 401(k) Banking Education 98

WEX Inc.

SEPTEMBER 14, 2023

That’s essentially what you’re doing when your employer offers to contribute or match your contributions to a benefits plan or 401(k) and you’re not taking advantage. Treat your approach to benefits plans the same when making open enrollment decisions. If your employer offered you a raise, you wouldn’t say no, right?

401(k) 98

401(k) Health Savings Account Flexible Spending Account Healthcare 98

HR Digest

OCTOBER 22, 2023

Not every company can afford such generous or quirky fringe benefits but making the most of their funds and providing more feasible ones does wonders for the mood at the workplace. 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.

401(k) 52

401(k) Employee Stock Option Deductions Deductible 52

Empuls

SEPTEMBER 28, 2023

Employee benefits in the UK aren't just a nice-to-have; they're a strategic tool in the modern business arsenal. Employee benefits in the UK have emerged as the silent game-changer, influencing recruitment, retention, and overall workplace satisfaction.

Employee Benefits 40

Employee Benefits Pension Benefits Package Mandatory Benefits 40

InterWest Insurance Services

JANUARY 17, 2023

There is a growing threat to companies that use online services to administer their employee benefits and payroll as cyber criminals increasingly exploit these cloud service platforms. Government identifications and numbers. Bank account information for employees and dependents, and. 401(k) and other retirement accounts.

Payroll 84

Payroll 401(k) Payroll System Payroll Service 84

Business Management Daily

MARCH 23, 2023

The employer delivers the employee’s pay data to the vendor, which recoups the on-demand payment when the employee is paid. The transaction is a loan from the employer to the employee. On the other hand, the government does think there’s a constructive receipt issue. If it’s not a commercial loan, what is it? SECURE 2.0,

Construction 52

Construction Payroll 401(k) Banking 52

Best Money Moves

MAY 4, 2021

In fact, 63% of workers claim their financial stress has increased since the start of the pandemic, according to PwC’s 2021 Employee Financial Wellness Survey. So, when it comes to rethinking benefits in a post-COVID world, Employees need more than a 401(k) and desk back at the office.

401(k) 98

401(k) Education Government Employment 98

HR Professionals Magazine

SEPTEMBER 2, 2021

As pensions have gone by the wayside and 401(k) plans have gained more notoriety, employees have become increasingly more aware of their employer sponsored retirement plans, and the financial benefits they provide. At its most basic level, a 401(k) plan allows employees to save for their personal retirement needs.

Retirement Plan 52

Retirement Plan roth 401(k) 401(k) Taxes 52

Empuls

APRIL 28, 2023

According to a recent study by HBR , 80% of employees say that benefits are a significant factor in deciding whether to accept a job offer, and 60% of employees report that benefits are a major reason for staying with their current employer. What are employee benefits?

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Parental Leave Benefits Package 40

HR Lineup

JANUARY 24, 2024

Proof of Investment (POI) submission is a crucial aspect of managing employee benefits and financial transactions within an organization. Employers often require their employees to submit POI for a variety of reasons, including compliance with regulatory requirements, facilitating tax reporting, and managing employee benefit programs.

401(k) 52

401(k) Retirement Plan Taxes Education 52

TalentCulture - Employee Benefits

OCTOBER 16, 2023

With soaring childcare costs and limited government assistance, many organizations know it’s important to support working parents more fully. However, no standards have been established that define the kind of benefits these employees should receive. Currently, about 40% of people in the U.S.

Employment 52

Employment 401(k) Employee Retention Government 52

Business Management Daily

APRIL 29, 2024

Most employees expect benefits. A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. Fringe benefits are how employers make up the gap. People want more. It’s a touchy subject.

Out of Pocket Cost 84

Out of Pocket Cost PTO 401(k) Deductions 84

Vantage Circle

SEPTEMBER 16, 2021

ESOP plan (employee stock ownership plan) is a form of employee compensation that provides employees with an equity stake in the company. It is also referred to as an employee stock option plan (ESOP) or an employee stock purchase plan (ESPP). ESOP plan can be an effective form of an employee incentive.

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401(k) Employee Stock Option Profit Sharing Plan Taxes 52

Employee Benefits

APRIL 27, 2023

A senior government official may have a company car, a particularly well-regarded CEO of large technology company perhaps, but a middle manager, no, that just does not happen. I try to explain that in many European countries company cars are as prevalent as say 401K in the US, but the message does not get through.

Management 52

Management 401(k) Government Taxes 52

The Teacher's Advocate

APRIL 10, 2020

Coronavirus Related Distributions What I’m referring to is a provision of the CARES Act that allows certain individuals who have been affected by COVID-19 to withdraw up to $100,000 from their IRA, 403(b), 457(b) or 401(k) without paying the normal 10% federal penalty if under the age of 59 1/2. 1, 2022.

401(k) 52

401(k) Retirement Plan Taxes Insurance 52

Business Management Daily

SEPTEMBER 15, 2021

Offering an attractive employee benefits package helps lure top talent and encourages the retention of your best team members. Presenting a good employee benefits package often gives one employer an edge over another, especially in cases where basic salaries are relatively equal. There’s no one-size-fits-all answer.

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Benefits Package Family and Medical Leave Act Health Insurance PTO 52

Higginbotham

SEPTEMBER 15, 2023

AI in HR: Benefits Administration With basic employee information, such as number of dependents or known health conditions, artificial intelligence can help HR leaders design an optimal employee benefits plan. The AI-powered recommendation engine can generate overall plans as well as assessments of specific situations.

Human Resources 52

Human Resources 401(k) Outsourcing Payroll Recruitment 52

Empuls

SEPTEMBER 25, 2023

HR professionals must now navigate a labyrinth of laws and regulations that govern everything from labor standards to digital workspaces. This case shows the legal complexities surrounding changes to employee benefits. While not triggered by a legal requirement, it exemplifies the rising focus on employee training.

Family and Medical Leave Act 40

Family and Medical Leave Act Overtime 401(k) Benefits Package 40

Business Management Daily

AUGUST 12, 2021

When should you use an employee termination form ? An employee termination form should be used to notify an employee that he or she has been fired. What to include in your employee termination letter. The explanation of termination should clearly outline the reason the employee is being terminated.

401(k) 52

401(k) Health Insurance Human Resources Life Insurance 52

Empuls

SEPTEMBER 20, 2021

Example of incentives in real-time Dow Chemical Company offers a purpose-driven employee incentive program called ‘Accelerate Great.’ ’ What are benefits? The fact that they are mandatory does not mean an employee is automatically entitled to all of them. What are perks?

Paid Vacation 52

Paid Vacation Paid Leave 401(k) Bonuses 52

Vantage Circle

AUGUST 16, 2021

When done right, it's a great way to reward your employees, particularly if you make adjustments based on performance reviews and individual contributions. An employee stock ownership plan or ESOP is a type of employee benefit. It gives the employees an equity stake in the business they work for.

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Employee Incentives Bonuses Retirement Plan 401(k) 52

UpstartHR

APRIL 18, 2016

Wellness as an employee benefit has expanded in the last year or two to include more than just the physical aspect–it now wraps in financial, emotional, and other types of wellness as well. The number one predictor of whether someone was going to save significant money in their 401k plan? The results were shocking.

401(k) 45

401(k) Employment Retirement Plan Finance 45

Empuls

OCTOBER 6, 2023

Calculating employee benefits is crucial in creating competitive compensation packages that attract and retain top talent. As employee satisfaction has taken center stage in business success, employers are more willing to offer comprehensive employee benefits.

Employee Benefits 40

Employee Benefits Health and Welfare Retirement Plan 401(k) 40

Best Money Moves

SEPTEMBER 28, 2022

Learn more about how the plan affects different borrowers and how companies can supplement the government program. According to the Employee Benefit Research Institute, 17% of employers offer student debt assistance and about 30% “plan to offer” such benefits, yet a big gap still exists in terms of benefits offered.

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401(k) Education Government Employment 111

PeopleStrategy

JANUARY 16, 2020

Benefits administration. Considering how important employee benefits are to the retention of a strong workforce , it’s vital that HR team members be well-versed in every facet of the organization’s benefit offerings and ensure all eligible employees receive every perk or service to which they’re entitled.

Human Resources 72

Human Resources 401(k) Payroll Payroll Manager 72

Empuls

DECEMBER 29, 2022

Legally mandated financial wellness benefits These are a standard set of government-mandated benefits offered by companies to help their employees make, save, or better manage their money. These benefits are provided over and above the standard wages and at the company's discretion.

Family and Medical Leave Act 52

Family and Medical Leave Act Disability Insurance Retirement Plan 401(k) 52

Bayzat

AUGUST 30, 2023

While there’s no confirmation of employee benefits, the company offers different learning programs to boost your effectiveness throughout your journey at GMG alongside a hefty monthly salary. These benefits are further elevated by Hilti’s recognition programs, incentives, and awards for rewarding employee dedication.

Banking 40

Banking 401(k) Retail Salary 40

Business Management Daily

AUGUST 9, 2019

Only 11% of private-sector workers participate in a traditional defined-benefit pension plan, according to new data from the Employee Benefit Research Institute. Almost all American workers now depend on defined-contribution plans such as 401(k)s and 403(b)s to fund their retirements. Here are a few highlights.

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401(k) Retirement Plan Pension Government 63

Proskauer's Employee Benefits & Executive Compensa

MARCH 23, 2023

Listen to the podcast Tanusha Yarlagadda: Hello and welcome to The Proskauer Benefits Brief: Legal Insights on Employee Benefits and Executive Compensation. Ira, can you highlight for us the changes under the final rules affecting participant-directed plans, such as a typical 401(k) or 403(b) plan?

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401(k) Executive Compensation Government Management 104

Proskauer's Employee Benefits & Executive Compensa

DECEMBER 5, 2022

The Final Rules say that fiduciaries of participant-directed plans (such as a typical 401(k) or 403(b) plan) may consider participant preferences when constructing a plan’s investment lineup, but there is no softening of the rule that fiduciaries may not sacrifice return or expose participants to additional risk to accommodate those preferences.

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401(k) Construction Management Utilities 94

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 22, 2021

Department of Labor’s Employee Benefits Security Administration (the “DOL”) published in the Federal Register a new proposed regulation (the “Proposed Rules”) [1] on fiduciary responsibility in selecting ERISA plan investments and exercising shareholder rights (proxy voting). On October 14, 2021, the U.S. Background.

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401(k) Executive Compensation Government Construction 103