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Employees Want Better Benefits, Study Shows They're Willing to Leave Current Job for Better Retirement Options

Guideline

One of the top reasons small business employees leave jobs is to get access to better benefits and retirement options, according to a new study by Zenefits. Check out retirement plans that specifically cater to smaller firms. But, there are ways small and midsize businesses can still offer the plans their employees want.

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Addressing America’s retirement crisis with SECURE Act 2.0

FingerCheck

Sometimes planning and saving for retirement may seem like a task we can put off until “later.” According to the Federal Reserve, 77% of working Americans are not on track to have sufficient savings by the time they reach retirement. How is the federal government responding to the retirement crisis?

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CalSavers & Your Small Business: You May Be Required to Offer a Retirement Program

Patriot Software

In 2019, the state of California put in place the CalSavers Retirement Savings Program, with the goal of enabling California residents to save for retirement. Now, California’s June 30th Calsavers deadline for employers with five or more employees is looming closer. are employed by […] READ MORE.

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401(k) Match Limits 2019: What Payroll Administrators Need to Know

Paycor

It’s a relatively small change, but it’s a change for payroll administrators to take notice of. 2018 & 2019 401(k) Match Limits. This cap was put in place to help ensure retirement savings are equitable across the board for all employees. Defined Contribution Plan Limits. Difference. Maximum employee contribution.

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IRS Releases 2019 Retirement Contribution Limits

Namely

Earlier this month, the IRS published its long-awaited updates to 401(k) and IRA contribution limits for 2019. Because retirement plans can be funded on a pretax basis (meaning deductions are taken from employee paychecks before taxes like social security ), the IRS limits how much employees can contribute to them annually.

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How will you cover health care expenses in retirement?

Benefit Resource Inc.

If you are worried about not having enough for retirement (especially health care expenses in retirement) you’re not the only one. “[Under] 40 percent of nonretired adults think they are on track in saving for their golden years and 25 percent have no retirement savings or pension at all.” The tax savings.

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State-Run Retirement Savings Plan OK’d, Mandatory Enrollment Coming in 2020

HRWatchdog

California employers that don’t already offer a workplace retirement savings vehicle will be required to either begin offering one via private market or provide their employees access to CalSavers, a state-run retirement savings plan, as early as June 2020. Registration Opens July 2019. Employer Registration Deadlines.