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How leap years affect pay and benefits

HR Brew

But what does that mean for pay and benefits? As February 29 approaches, a quick primer for HR pros on how payroll and benefits are affected during 366-day years: Workers paid on a weekly or hourly basis may see slightly higher pay. It’s a leap year, which means every worker gets an extra day to hit those February deadlines.

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Our 5 Most-Read Benefits Broker Blogs of 2022

Extensis

Here we review our top five most-read broker blogs this year, which reflect these trends and will continue to help brokers guide their clients in the new year. 2023 is almost here, and it’s time to reflect on what affected clients the most this year and how the broker community met those needs. What’s New for 2022? SECURE 2.0,

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Is an HSA the New 401(k) When It Comes to Retirement ROI?

Extensis

However, between HSAs, FSAs, and 401(k)s, it can be overwhelming to understand the value of each. Often, health savings accounts (HSAs) get grouped in with flexible spending accounts (FSAs) and leave people in the dark about what each actually offers. So, does this really make an HSA the new 401(k) ? Yes and no.

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5 Must-Have Financial Wellness Benefits to Offer SMBs This Year

Extensis

While retirement savings still have importance, this only scratches the surface of what people expect and need when looking for a job. 401(k) plans continue to be the core of what a well-rounded financial wellness benefits package should include and cannot be replaced.

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Sonic Boom responds to market demand for rewards-focused wellness platform

Sonic Boom

What is Total Rewards? What does it include? Ability to distribute reports to payroll and HRIS systems to help manage any incentives around payroll additions, HSA contributions, or other monetary prizes. About Sonic Boom Wellness.

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Retirement Planning for Millennials: How Employers Can Help

Extensis

Here’s what retirement will likely be like for millennials, as well as four ways employers can help them get ready. What will retirement look like for millennials? Congress could potentially raise the full retirement age to 69, increase payroll taxes, and more to maintain Social Security payouts.

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What’s New in the Sunglow Release

PlanSource

With Sunglow , we are focused on continued enhancements to the HR admin & employee experience, added ROI reporting from our IQ Suite and increased speed for dependent verification and UKG payroll processes. Read on to find out more about what to expect in this release! Enhanced Admin & Employee Experience. Want to Learn More?

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