Remove Employment Remove Pension Remove Retirement Plan Remove Take Home Pay
article thumbnail

SAVING 1% MORE COULD BOOST PENSION BY 25%

Employee Benefits

However, many don’t realise the significant difference a small increase to their pension savings can make. This is especially true when an employer matches any additional contributions. They are all 25 years old and plan to retire at age 68.

Pension 64
article thumbnail

The benefits offered by Wave

Employee Benefits

The benefits on offer at Wave: Pension A master trust pension scheme for all employees. Matching contribution levels: 3% employee contribution, 6% employer; 4% employee 8% employer; 5% employee and 10% employer. Annual employer-funded health screening for the leadership team. 26 weeks deferred period.

Pension 105
article thumbnail

Why SECURE 2.0 Act Auto-Enrollment and Escalation Will Boost Employee Financial Well-Being

Griffin Benefits

contains dozens of changes to retirement plans, but perhaps none bigger than these two: New 401(k) and 403(b) plans will be required to automatically enroll participants in the respective plans, and employee salary deferral rates will automatically escalate each year. The SECURE Act 2.0 SECURE ACT 2.0

401(k) 52