HR Professionals Magazine

SEPTEMBER 2, 2021

As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” Over the last 30 years, Defined Contribution Plans, or 401(k), plans have become a popular employer benefit option for saving for retirement. EMPLOYER MATCH. ELIGIBILITY.

Retirement Plan 52

Retirement Plan roth 401(k) 401(k) Taxes 52

McDermott Will & Emery Employee Benefits

OCTOBER 11, 2023

Act codifying an opportunity for employers to provide matching contributions within a tax-qualified retirement plan based on their employees’ qualified student loan payments outside the plan. appeared first on EMPLOYEE BENEFITS BLOG. appeared first on EMPLOYEE BENEFITS BLOG.

Retirement Plan 79

Retirement Plan Employment Taxes Employee Benefits 79

Best Money Moves

NOVEMBER 1, 2023

3 ways to improve your employee benefits communication. Use these 3 strategies to improve your employee benefits communication and help your team make the most of your benefits offerings. Even the most robust employee benefits programs can fall flat without clear communication.

Employee Benefits 96

Employee Benefits Benefits Package Retirement Plan Life Insurance 96

Achievers

FEBRUARY 2, 2021

The term “employee benefits” is used regularly, but often with a limited, traditional definition in mind. The traditional concept refers to legally mandated benefits plus a few voluntarily added by employers. What are employee benefits? . Employee benefits are non-salary compensation and perks.

Employee Benefits 237

Employee Benefits Family and Medical Leave Act Employee Recognition Voluntary Benefits 237

Best Money Moves

DECEMBER 5, 2023

2024 Employee benefits trends: Focus on employee wellbeing. The right benefits strategy is key to employee satisfaction. Here are the top 2024 employee benefits trends. Employee benefits are a driving force keeping your workforce satisfied. 4 Top 2024 Employee Benefits 1.

Employee Benefits 85

Employee Benefits PTO Financial Counseling Work From Home 85

COMPackage

MARCH 28, 2024

Competition is tough out there in the job market not only for applicants, but employers as well. To attract and retain top talent, employers should offer a strong compensation package that includes coveted benefits on top of a good salary. But what makes a benefit coveted?

Employee Benefits 52

Employee Benefits Retirement Plan Medical Hospitality 52

Insperity

JANUARY 2, 2020

It’s no secret that current and prospective employees want their employer to offer a retirement plan. Whether your company is looking for a new retirement plan provider or reviewing your current retirement benefits, the first thing you need to understand is one size does not fit all.

Retirement Plan 63

Retirement Plan 401(k) Payroll Employment 63

McDermott Will & Emery Employee Benefits

APRIL 9, 2024

Provisions of the […] The post Webinar Replay: New Employee Benefits Requirements for Part-Time Employees, Independent Contractors appeared first on EMPLOYEE BENEFITS BLOG.

Employee Benefits 87

Employee Benefits 401(k) Employment Management 87

Pacific Prime

JULY 19, 2023

Small Businesses should include health insurance, a retirement plan, and paid time off in their employee benefits package. Employers should also be aware of the employee benefits that they must include, as required by law, such as workers’ compensation and unemployment insurance.

Employee Benefits 52

Employee Benefits Retirement Plan Workers’ Compensation Benefits Package 52

Best Money Moves

DECEMBER 7, 2021

Financial Wellness: The must-have employee benefit in 2022. If you aren’t incorporating financial wellness into your 2022 benefits strategy, your employees are missing out. The COVID-19 pandemic has had a long-lasting impact on your employees’ financial health. But not all of your employees are financially stable.

Employee Benefits 118

Employee Benefits Retirement Plan Finance Benefits Package 118

HR Digest

FEBRUARY 10, 2023

When you’re starting a new job , it can be overwhelming to learn about all the benefits that are available to you. But the more you know about the types of employee benefits offered by your employer, the better equipped you’ll be to make informed decisions about health care, retirement plans, and other important financial matters.

Employee Benefits 52

Employee Benefits Paid Sick Leave Disability Insurance Life Insurance 52

McDermott Will & Emery Employee Benefits

JUNE 30, 2023

Retirement plans often apply (and in some cases are required to use) multiple definitions of wages or compensation for various plan purposes. Given this complexity, failures to follow a plan’s definition of compensation are one of the most common issues experienced by retirement plan sponsors.

Retirement Plan 65

Retirement Plan Employment Employee Benefits 65

HR Bartender

SEPTEMBER 21, 2016

You mentioned defined benefits plans. I know one of your areas of expertise is in the area of retirement planning. Thinking about and planning for retirement can have a huge impact on well-being. Should HR consider retirement planning a part of their well-being programs?

Retirement Plan 129

Retirement Plan Employee Wellness Human Resources Pension 129

McDermott Will & Emery Employee Benefits

NOVEMBER 1, 2023

The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2024. Certain health and welfare plan limits have not yet been released.

Health and Welfare 87

Health and Welfare Employee Benefits Flexible Spending Account Health Savings Account 87

McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.

Health and Welfare 83

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 83

Employee Benefits

FEBRUARY 12, 2024

More employers could introduce gender inclusive paid parental leave to prevent and try to close gender pension gaps. 2) Bill will remove the lower earnings limit, enabling more employees to pay into a pension. Targeted action is likely to differ from each employer and be a combination of culture and specific support measures.

Pension 104

Pension Parental Leave Employment Education 104

PeopleKeep

MARCH 27, 2024

There are often different eligibility requirements for employee benefits like health insurance , retirement plans, and paid time off (PTO). Employers and employees need to have a clear understanding of what constitutes an eligible employee and the requirements to qualify for specific benefits.

PTO 105

PTO Retirement Plan Health Insurance Insurance 105

International Foundation of Employee Benefit Plans

MAY 3, 2023

Research shows that one of the key hurdles for achieving retirement security is having access to a retirement plan at work.

Retirement Plan 85

Retirement Plan Employment Employee Benefits 85

McDermott Will & Emery Employee Benefits

JANUARY 3, 2024

Beginning in 2024, employers and plan sponsors will need to implement new minimum eligibility rules, enacted by the SECURE and SECURE 2.0 Acts, that significantly expand eligibility for long-term, part-time employees to participate in employer-sponsored retirement plans.

Retirement Plan 90

Retirement Plan Employee Benefits Employment 401(k) 90

Empuls

APRIL 22, 2024

  Beyond the paycheck: how employee benefit makes them happier  A competitive salary is essential to attract and retain top talent. But in today's job market, employees are looking for more than just a paycheck. This highlights the importance of a strong benefit package in retaining valuable talent.

Employee Benefits 40

Employee Benefits Family and Medical Leave Act Benefits Package Health Insurance 40

Best Money Moves

MAY 10, 2022

5 benefits for employers to retain and attract top talent. High turnover creates an expensive problem for employers and stressful environment for employees. Retain and attract top talent with these 5 standout benefits. Here are the 5 best benefits to help retain and attract top talent.

401(k) 105

401(k) Employment Retirement Plan Financial Counseling 105

Employee Benefits

FEBRUARY 16, 2024

Supporting employees with cost-of-living issues is rated as eighth on employers’ corporate agendas, while financial wellbeing comes in twelfth, according to research by Close Brothers. There is also a mismatch between the benefits desired by employees and those offered by employer respondents.

Pension 59

Pension Employment Retirement Plan Finance 59

AssuredPartners

DECEMBER 11, 2022

The retirement landscape continues to evolve, from increases in longevity to Social Security reform to the pandemic. Today’s employers play a vital role in helping employees save and invest for retirement. This generation is susceptible to employment risks, market volatility, and increasing inflation.

401(k) 98

401(k) Health and Welfare Employment Retirement Plan 98

Snell & Wilmer Benefits

MARCH 21, 2024

The legislative intent of a PLESA is to allow low- and middle-income employees to use payroll deductions to accumulate funds that they can use in the event of an emergency. Here are the top 5 things employers should know: What is a PLESA? Employer Matching Contributions on PLESAs. Automatic Enrollment is Permitted.

Pension 52

Pension 401(k) Retirement Plan Employment 52

CorpStrat

JANUARY 17, 2023

Many employee benefits are subject to annual dollar limits that are adjusted for inflation by the IRS each year. The following commonly offered Employee Benefits are subject to these limits: High deductible health plans (HDHPs) and health savings accounts (HSAs). 401(k) plans.

401(k) 52

401(k) Employee Benefits Flexible Spending Account Health Savings Account 52

Health Consultants Group

OCTOBER 1, 2021

Reconsidering your employee benefits priorities. As your employees settle into their post-pandemic workflow, you’re probably noticing that they don’t want business-as-usual. After a year of unprecedented medical and personal experiences, employees can easily detect holes in their benefits plans. Contact Us.

Employee Benefits 86

Employee Benefits Family and Medical Leave Act Flexible Spending Account Health Savings Account 86

HR Digest

APRIL 4, 2023

In today’s competitive job market, employers are continually looking for new and innovative ways to attract and retain top talent. One way they are doing this is by offering non-traditional employee benefits. What are non-traditional benefits? Pros of Non-Traditional Employee Benefits: 1.

Employee Benefits 69

Employee Benefits Retirement Plan Healthcare Work From Home 69

Best Money Moves

MARCH 11, 2024

A holistic benefits strategy is one of the most important factors that job-seekers consider when deciding where to work. In fact, according to Forbes Advisor , 40% of employers believe that workers would leave their current jobs to find employment that offers better benefits.

Retirement Plan 87

Retirement Plan Healthcare Healthcare Benefits Parental Leave 87

Benefit Resource Inc.

AUGUST 2, 2023

While the immediate cost-saving benefits may seem tempting, slashing employee benefits can have detrimental long-term effects on the workforce and the organization. The Importance of Benefits in the Big Picture Employee benefits play a crucial role in shaping the overall well-being and success of an organization.

Employee Benefits 52

Employee Benefits Health and Welfare Comprehensive Benefits Employee Loyalty 52

McDermott Will & Emery Employee Benefits

DECEMBER 20, 2023

The Internal Revenue Service (IRS) recently issued new guidance clarifying key aspects of the broadened retirement plan eligibility rule for long-term, part-time employees under the SECURE 2.0

401(k) 74

401(k) Retirement Plan Employee Benefits Employment 74

HR Digest

NOVEMBER 10, 2022

Employee benefits are an important aspect of every successful organization. Understanding the different types of employee benefits will also help in deciding which ones are essential for your organization. For a start, insurance benefits are common, and deciding on which one to offer depends on your company’s ability.

Employee Benefits 52

Employee Benefits 401(k) Disability Insurance Health Insurance 52

Genesis HR Solutions

SEPTEMBER 22, 2020

At the end of this article, we’ll explain how a professional employer organization (PEO) can help you select, negotiate, and administer best possible benefits for your company. 16+ types of employee benefits you should consider. Employers usually cover a portion of this premium. Employers fund and own accounts.

401(k) 98

401(k) Employee Benefits Disability Insurance roth 401(k) 98

WEX Inc.

SEPTEMBER 12, 2023

If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” Click here for the first blog post in our series on choosing a health plan for the first time. Assess your ability to cover the deductible before choosing this plan.

Employee Benefits 52

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 52

McDermott Will & Emery Employee Benefits

OCTOBER 21, 2022

The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023.

Employee Benefits 81

Employee Benefits Flexible Spending Account Employment Health Savings Account 81

Higginbotham

OCTOBER 5, 2023

Employees are seeking more than just medical coverage; they are looking for a comprehensive approach to their well-being , both inside and outside the workplace. To stay ahead in the talent acquisition game, business owners and managers must consider innovative employee benefits that go beyond the basics.

Health Insurance 52

Health Insurance Employee Benefits Insurance 401(k) 52

Professionals Alternative

MARCH 13, 2024

[link] Mitigating Risks: Key Considerations for Drafting Effective Legal Employment Contracts ‍ Introduction to Legal Employment Contracts As an employer, one of the most crucial steps you can take to protect your business is to have legally sound employment contracts in place.

Employment 52

Employment Overtime Retirement Plan Consulting 52

Empuls

FEBRUARY 26, 2024

From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future. For employees, the flexibility to choose where they work allows for better work-life balance, reduced commuting stress, and increased job satisfaction.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40