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Employee Focused Retirement Plans

HR Professionals Magazine

As a retirement plan advisor this is by far the most common questions I get and because of that we always spend a good deal of time educating employees on this. You may be surprised, or not, to hear that some plans don’t even offer the Roth option. A good rule of thumb is the younger you are, the more beneficial a Roth 401(k) can be.

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Introduction to 401(k)s for small businesses

Business Management Daily

It is worth noting that Simple 401(k)s do have lower contribution limits though, so employees may not be able to set aside as much as they would like. Roth 401(k). A Roth 401(k) is another option with different tax implications. Enroll your employees.

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9 Nontaxable Employee Benefits for Maximizing Your Income and Workplace Satisfaction

Empuls

They can range from health insurance coverage to retirement plans, flexible spending accounts, transportation benefits, education assistance, and more. This allows them to allocate more funds toward their financial goals, whether it be saving for retirement, paying for education, or meeting daily expenses.

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How Employee Perks Can Help Companies in the US

Vantage Circle

Honeywell offers a flexible 401(k) plan, allowing employees to contribute up to 30% of their eligible pay in pre-tax, Roth 401(k), or after-tax contributions. Their online portal grants employees 24/7 access to FSA balances, reimbursement and claims history, and educational materials. How to offer?