article thumbnail

What is a 401(k) Plan and How Does it Work?

HR Digest

Having a retirement plan is an important aspect of financial planning. 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.

401(k) 64
article thumbnail

Help Employees Understand the HSA Value Proposition

Corporate Synergies

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. Using HSAs as an Investment Strategy for Retirement.

401(k) 40
article thumbnail

In The News: Changes to 401Ks Ushered In Under SECURE Act

Abel HR

Way back at the end of last year, Trump signed into law a bill that included one of the biggest overhauls to the way we manage retirement planning in the US. In particular, the Setting Every Community Up for Retirement Enhancement. Don’t have a 401(K) plan but think it’s time to set one up?

401(k) 52