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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. It’s important to take care of the people that work to keep your business alive, and helping them plan for their retirement is a great way to do that. What is a 401(k)? Do employers have to offer a 401(k) to employees?

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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. So the question is how to design an employee benefit plan, and for that one needs to consider a variety of factors, such as: 1. Matching 401(k) contributions 2.

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16+ types of employee benefits you should consider

Genesis HR Solutions

There are four major types of employee benefits many employers offer: medical insurance, life insurance, disability insurance, and retirement plans. Medical Insurance. Medical insurance is likely a no-brainer— it’s one of four major types of benefits most employers offer. Hospital Insurance.

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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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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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What Are Fringe Benefits and Are They Taxable?

HR Digest

Some companies can offer mental health support for all their employees. Something as serious as retirement planning assistance could just as soon be a benefit as providing a gym membership for employees who want to work out. Fringe benefits can take on many forms and its definition can vary according to the company.

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Employee Benefits: Types, Cost & Examples

HR Digest

These benefits range from health insurance to paid time off. These plans cover the aspects of an employee’s life where solutions can be offered. Examples of these benefits include retirement plans (such as 401(K), ESOP, etc), reimbursement plans for travel or tuition, employee bonus , paid time off (PTO), and many more.