HR Digest
MARCH 28, 2023
One popular way to get your retirement plan sorted in the United States is through a 401(k) plan. A 401(k) plan is a type of retirement account offered by employers to their employees. It allows employees to save a portion of their pre-tax income for retirement. How does 401(k) work?
InterWest Insurance Services
MARCH 7, 2024
Usually, these accounts are funded with pre-tax deductions from your employees’ paychecks, but if they didn’t max out their contributions last year, they still can do so up until the tax-filing deadline. Under IRS rules, for 2023 employers and employees can contribute a combined $3,850 for single employees and $7,750 for families.
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Abel HR
MARCH 5, 2020
, has a number of important repercussions for any business that administers a 401(K) (or has thought of doing one, but always felt that it wasn’t financially feasible). When it comes to safe harbor 401(K) plans, the legislation eliminates the annual safe harbor notice requirement. This bill has you covered!
InterWest Insurance Services
NOVEMBER 10, 2022
One of the most difficult aspects of annual open enrollment is reaching workers who are disengaged from the process and never bother signing up for your group health plan and other benefits they could take advantage of. Young workers will often forgo their employer’s health plan as they are still covered by their parents’ plans.
Corporate Synergies
AUGUST 6, 2018
High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% Treat the HSA More Like a 401(k) than an FSA. Use Employee Education to Educate about HSA Value.
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