article thumbnail

Financial Wellness Series Part Four – Build, Educate & Engage: Financial Wellness Benefits

AssuredPartners

Employer-sponsored retirement plans have long been used to help employees prepare financially for the future, while also being utilized as recruitment and retention tools. Employer match , which has been proven to motivate participants to increase their 401(k) contributions. Eliminate or reduce of 401(k) loans.

article thumbnail

Having a Baby? Use Your Pre-Tax Funds to Save

Benefit Resource Inc.

Fortunately, one great way to help with out-of-pocket costs is utilizing a Health Savings Account (HSA). Since we had contributed pre-tax to our HSA before birth our take home pay was lower. Utilize your HSA and save what you can; you never know what’s going to happen, as we’ve learned these past two years.

Taxes 72
Insiders

Sign Up for our Newsletter

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

article thumbnail

Your Guide to Take-home Pay

Patriot Software

After you subtract all of the taxes and other deductions, money left over is considered take-home pay. Read on to learn more about what is take-home pay and how to calculate it. What is take home pay? Take-home pay may also be called net pay.

article thumbnail

9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

By reducing the taxable portion of their income, employees can effectively increase their take-home pay. This allows them to allocate more funds toward their financial goals, whether it be saving for retirement, paying for education, or meeting daily expenses. Enhanced employee satisfaction and well-being.