article thumbnail

How the SECURE 2.0 Act of 2022 benefits your workplace

Insperity

employer-sponsored 401(k) plans. Act seeks to: Open access to 401(k) retirement plans to more people Provide greater opportunities to save Offer financial incentives to save while removing common barriers and penalties So, what does the law require of employers? The SECURE 2.0 The SECURE 2.0 The SECURE 2.0 The SECURE 2.0

401(k) 108
article thumbnail

Study Pegs Group Benefits Return on Investment at 47%

InterWest Insurance Services

Chamber of Commerce, found that firms with 100 or more workers to whom they offer group health benefits gained from increased productivity, reduced direct medical costs (for self-insured firms), tax benefits and improved retention and recruitment. Recruitment costs (0.3%

401(k) 74
Insiders

Sign Up for our Newsletter

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

article thumbnail

Importance of Employee Benefit Package And Why it Matters

HR Digest

Matching 401(k) contributions 2. Dental or vision insurance 4. Offers like a 401(k) or 403(b) can work as this means that people can use some of their money before they pay taxes on it, and invest in the future. Some top choices trending today include: 1. Health care flexible spending accounts 3.

article thumbnail

Recruit Better: Employee Discount Programs and Taxes

HR Bartender

Traditional benefits include employer-offered healthcare, a 401(k) program, and vision benefits. That helps strengthen relationships and increase engagement with employees, and it can serve as a competitive differentiator and recruitment tool. Perks are extras that go above and beyond traditional benefits.

Taxes 138
article thumbnail

16+ types of employee benefits you should consider

Genesis HR Solutions

While you know recruiting and retention is important, you may not be sure if the benefits you offer are a selling point to your potential employees. Vision Insurance. Vision insurance is designed to help your employees cover and budget for ongoing vision care expenses like routine eye exams, prescription glasses, and contact lenses.

401(k) 98
article thumbnail

Zenefits

HR Lineup

Zenefits’ platform offers a wide range of benefits products including health, dental, and vision insurance, life insurance, 401(k) plans, and other voluntary benefits. The platform integrates with popular payroll providers and insurance carriers to provide real-time data and insights into benefits and HR programs.

401(k) 52
article thumbnail

Total compensation package examples

Higginbotham

Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.). In addition to the salary of $70,000, Company A offers a great health plan, as well as disability insurance, life insurance, dental insurance and vision insurance with no costs for the employee. Commissions.

401(k) 52