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Washington Saves retirement program: what employers need to know

Guideline

💡 Key takeaways: Over the past few years, several states have passed legislation requiring business owners to offer their employees retirement savings benefits. Washington state recently passed legislation requiring employers to offer a retirement plan or enroll in the Washington Saves program. Why Washington?

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What the U.S. can learn from Australia’s retirement system

Guideline

private sector workforce lacks access to an employer-sponsored retirement plan like a 401(k). To expand coverage, over 30 states are developing programs, and there are proposals at the federal level for a national retirement program. It’s not farfetched to imagine how a national retirement program could work.

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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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4 changes that SECURE 2.0 already made to your retirement plans

Business Management Daily

The law is nothing short of a detailed overhaul of employer retirement savings plans. Sutton of Strategic Retirement Partners (aka “The 401k Lady”) said the new rules came out before employers and the industry were ready. brings to your retirement plans in 2023. Employers have been trying to unpack the provisions of SECURE 2.0

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Money Saving Tax Tips for a Small Business

PeopleStrategy

Tip 1: Review the employee retention tax credit Did you know that you still have enough time to revisit and amend your tax returns (federal payroll) from the years 2020 and 2021? Also, if the credit turns out bigger than the payroll taxes your business paid during that period, you could have that money refunded back to your business.

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How to Realize the Full Potential of Integrating Payroll with your HCM

Immedis

The Human Capital Management (HCM) market continues to grow with expectations that it will expand by over $12 million by 2025. Today, major HCM platforms such as Oracle , SAP SuccessFactors , UKG and Workday support employees from recruitment to retirement and everything in between. How does HCM benefit payroll?

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What’s Next for SECURE 2.0 in 2024

Extensis

Quick look: Retirement savings has always been a significant part of the benefit conversation. was introduced to help people save more for retirement by improving retirement rules and lowering the employer cost of setting up retirement plans. With the passing of the SECURE 2.0 The next phase of changes for SECURE 2.0