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A Better 401(K) Is the Top Reason Why Workers Switch Jobs

HR Digest

To provide financial support, many employers think about 401K retirement plans a nd student loans. People leave their workplaces because they are not satisfied with the retirement plan or they find better conditions somewhere else. The Great Resignation is a difficult situation nowadays.

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What's missing from retirement planning? Oftentimes, it's access

WEX Inc.

And baby boomers are actually the highest percentage of retirement-account holders among any group segmented in a 2021 survey by the U.S. This lack of retirement planning by large segments of employees is leading to more stress for them and less productivity at work. Expecting the unexpected is needed for retirement.

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HSAs and 401(k)s: Benefits, Differences, and How to Leverage These Savings Accounts

BerniePortal

According to a study conducted by Fortune , Gen Z are 32% more likely to invest in their workplace retirement plan than their older colleagues were at their age. Younger generations are becoming more aware of the benefits of long-term savings.

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The Role of HSAs in Maximizing Retirement Benefits

Benefit Resource Inc.

As an employer or HR manager, you’re constantly seeking ways to enhance your employee benefits package, ensuring it not only attracts top talent but also supports their financial well-being throughout their careers and into retirement. Tax-Efficient Savings In retirement, healthcare expenses tend to increase.

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BlackRock CEO Seeks Solutions for the Retirement Crisis in the US

HR Digest

Pension plans have largely disappeared from the picture as many Americans have not been able to earn enough to invest in other savings, even 401(k)s. What Does BlackRock CEO Larry Fink’s Retirement Crisis Letter Have to Say?

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What You Need to Know About Health Savings Accounts

Benefit Resource Inc.

HSAs Provide More Tax Breaks Than 401(k)s. Unlike 401(k)s and other retirement plans, contributions to HSAs are both pre-tax and tax deductible. With these types of benefits, HSAs can provide more tax breaks than traditional retirement plans such as 401(k)s or IRAs.

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Examples of fringe benefits by category

Business Management Daily

A good regular salary may have been enough years ago, back when government subsidies managed things like healthcare and retirement, but those programs have become less and less effective. Health & wellness Insurance plans are expensive, especially in the U.S. Most employees expect benefits. People want more.