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New Laws for 2023 part II

InterWest Insurance Services

Currently only companies with five or more employees who do not offer a retirement plan are required to enroll their workers in CalSavers. Employers that don’t provide a retirement plan for their workers, and who fail to register, can face a penalty of $250 per employee, as well as additional penalties for sustained noncompliance.

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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. Disability.

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Leveraging employee financial wellness programs in your benefits strategy

Higginbotham

Offering retirement benefits also makes financial sense because they often come with tax incentives. Department of Labor explains that the Employee Retirement Income Security Act (ERISA) covers two main types of retirement plans: defined benefit plans and defined contribution plans.

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Total compensation package examples

Higginbotham

Retirement Plans. Health Insurance. Other Insurance (Dental Insurance, Vision Insurance, Life Insurance, Disability Insurance, Pet Insurance, etc.). In addition to the $80,000 salary, Company B offers a high-deductible health plan. Commissions.

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5 steps to more financially stable employees

Insperity

This alone can help ease some of your employees’ money concerns because they will have the opportunity to get things like medical insurance, disability, flexible spending accounts, retirement plans and more. Oftentimes, people will pay more monthly for car insurance so they can get a low deductible, usually $500.

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Budgeting for Benefits: Sage Advice for Cost-Conscious Employees

Griffin Benefits

While younger workers might be attracted to the lower monthly medical premiums afforded to HDHP plan participants, they must also recognize the risks of possibly selecting a plan that doesn’t rely on copays. The same goes for retirement plans. EXISTING DEBT OBLIGATIONS.

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

High deductible health plans (HDHPs) are on the rise as a growing number of employers turn to consumer-directed health plans to try to curb costs—the portion of employees enrolled in HDHPs rose from 26.3% This is even better tax treatment than the typical retirement plan! As Seen In. in 2011 to 39.3%

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