article thumbnail

Emergency savings: A ‘gateway drug’ to better retirement savings

HRExecutive

Nick Maynard, Commonwealth Emergency savings accounts aren’t necessarily vehicles for employees to amass significant savings, he says; instead, employees should work—with the support of their employer—to add small amounts, tap the account when needed and then replenish it. Found money—often, the retirement plan,” he says. “So,

article thumbnail

Employee Benefits Glossary of Terms

Zenefits

Employee benefits are various types of non-wage compensation that employers can provide workers along with their wages or salaries. Want to know more about employee benefits, but don’t know where to start? Use this glossary to find and review the most common benefits terms. Benefits Administration.

Insiders

Sign Up for our Newsletter

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

article thumbnail

401(k) plans: New interpretive bulletin on independent auditors

Business Management Daily

Technically, 401(k) plans are profit-sharing plans, not retirement plans. But they morphed into retirement plans long ago, so they’re pretty important to employees. of employees participate in defined-contributions plans such as 401(k) plans. The other two legs are employer-based retirement savings and personal savings.

article thumbnail

Best HRIS Software for Small, Medium, and Large Businesses

Semos Cloud

Benefits management. Most common employee benefits include healthcare and retirement plans. With the benefits management module, it is easy to track employeesbenefits usage within the main HRIS software. By the way, do you know what are the most popular benefits according to employees themselves?

article thumbnail

Full-time vs. Part-time Employee Benefits: How to Offer Both

Zenefits

The global HR firm Robert Half identified the top 5 employee benefits after money in its 2020 Robert Half Salary Guides. Retirement savings account. Indeed , the global employment search engine, lists as many as 25 benefits options on its website. The hours often are low enough for the benefit to cover part-time workers.

article thumbnail

Action Items for Employers Who Want to Impact Retirement Outcomes

ADP

The most recent Employee Benefit Research Institute (EBRI) Retirement Confidence Survey credits retirement benefits with higher confidence.

article thumbnail

Why should I start my 401(k) plan at the beginning of the year?

Guideline

Here’s the thing: Not only is the end of the year actually a good time to evaluate retirement benefits, it might be the best. To boot, offering retirement benefits has never been more affordable — making it a whole lot easier to take the leap. New tax incentives make rolling out a retirement plan even more affordable.