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Evolution of the 401(k)

Guideline

Today, public and private sector employees alike use a 401(k) — or the nonprofit equivalent, a 403(b) — in order to plan for a comfortable retirement. Unlike pensions, these retirement plans put more of the planning decisions—and responsibility—on employees rather than the company.

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HR TechStack – Performance Tracking

Workstride

Built from the ground up with a single database, the fully integrated ADP Workforce Now suite features Human Resource Management, Payroll, Benefits, Talent Management, Time & Labor Management and HR Analytics capabilities. We help businesses streamline their employment processes from recruiting to retirement and everything in between.

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The SECURE Act is Here—See What It Could Mean for Your Business

Guideline

With the last major piece of retirement legislation occurring in 2006 (the Pension Protection Act that enabled participant auto-enrollment into 401(k) plans), our retirement system was in desperate need of some updates. It remains to be seen whether this safe harbor will strengthen or weaken a participant’s retirement savings.

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What you need to know about a 401(k)

Guideline

A 401(k) plan is a qualified plan offered by an employer that allows employees to have a portion of their wages deferred directly from their paychecks into a retirement account. A 401(k) vs. a pension plan 401(k) plans and pension plans are both employer-sponsored retirement plans. See our side-by-side comparison of SEP IRA vs. 401(k).

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Laws And Regulations Every HR Professional Should Know In 2023

Empuls

These changes emphasize the necessity of keeping meticulous records and ensuring that non-exempt employees are compensated for their extra hours of work. Benefits and compensation 1. Overtime regulations Labor laws have become stringent around overtime payments.

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10 Best HRMS Softwares in 2020: For Small & Medium Enterprises

Vantage Circle

Compensation. No payroll. Provides payroll outsource service in addition. Process Payroll. Established in 1999, ZingHR adopts a mobile-first approach to provide HR solutions from hire-to-retire. Payroll Management. The platform provides an excellent UI experience and a commendable customer support service.

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Is Favoritism Derailing Your DEI Efforts?

Zenefits

Tony Greenwald, a retired psychology professor at the University of Washington, and Thomas Pettigrew, a professor emeritus at the University of California at Santa Cruz, concluded from research results that favoritism — not overt hostile behavior from racists, homophobes, and other bigots — drives most claims of discrimination.