article thumbnail

All You Need to Know About Profit-Sharing

Vantage Circle

In addition, the employer sets a lock-in period before which the employee cannot withdraw the money. In such plans, the employer combines the profit-sharing with the 401(k) plan. Thus, implementing such a plan results in enhanced employee retention. Profit-sharing Vs. 401(k). Hybrid Profit-sharing Plan.

401(k) 52
article thumbnail

What are the Latest Trends in Benefits Strategies?

Best Money Moves

In the Best Money Moves Roundup, we run down the latest news including digitized benefits programs, the best 401(k) plans and tips for retention. How does your 401(k) plan measure up? The best 401(k) plans do 5 things to boost employee retirement savings. Boost employee loyalty.

401(k) 40
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Women in Tech: Financial Wellness and Workplace Equality

Best Money Moves

Which may be why they’re proving to be more financially conscious than their older counterparts by contributing at higher rates to their 401(k)s, and are twice as likely than baby boomers to say that stress interferes with work productivity. Is 2018 the year that employers and employees get on the same page regarding benefits?

401(k) 45
article thumbnail

10 Rules for Employee Retention Your Competition Will Hate

Insperity

If you have employees who are tied to sales, consider offering them commission on top of their base salary. Outside of health care insurance, research ways to offer your employees a wider variety of benefits. This could include investments, such as stock options and 401(k) retirement plans. Avoid new job titles.

article thumbnail

10 Rules for Employee Retention Your Competition will Hate

Insperity

If you have employees who are tied to sales, consider offering them commission on top of their base salary. Outside of health care insurance, research ways to offer your employees a wider variety of benefits. This could include investments, such as stock options and 401(k) retirement plans. Avoid new job titles.

article thumbnail

Prioritize Financial Well-being in the Workplace

Empuls

they encourage employee loyalty and commitment to the company's goals 4. Mental health Companies should take a lesson from the pandemic by analyzing the connection between financial wellness and mental health to avoid causing their employees' financial stress.