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How to Ensure You Are Meeting the New 401K Standards

Effortless HR

If you’re unsure about how to meet the new 401k standards, here are some ways to help you do so efficiently. Any good 401k advisor can help you to pick out a line-up of at least three different investment options. Rather, stick to three basic ones that will make your 401k plans meet the federal standards.

Meeting 60
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HSA vs 401k: The Benefits to Employers and Employees

InfinityHR

Did you know that there is a rising trend within workforce benefits that includes supplementing traditional employee retirement options such as 401k, 403(b) SEP and more with a Health Savings Account (HSA)? According to Fidelity Investment Research, an HSA can add an additional $119,000 in retirement savings for employees.

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The Big List of 401k FAQs for 2020

Zenefits

What is a 401k plan? What is a 401k deferral? How much do employees typically add to their 401k? Does the employer contribute to employee 401k plans? Most employers provide a matching contribution to each employee’s 401(k), even though it’s not required by law, to further incentivize workers to plan for retirement.

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Start the Recovery with Student Loan Repayment Assistance

Edcor

Before the CARES Act employers could only provide tuition assistance as a tax-free higher education benefit. 92 percent would take advantage of a match for student loan repayment, similar to a 401K match. With the CARES Act, employers can repay up to $5250 of an employee’s student loans without income or payroll tax.

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Retirement Savings? HSA, IRA or 401(k)

Benefit Resource Inc.

Make sure you provide the required documentation and open that HSA. Just like 401k matching programs, more employers are offering HSA matching programs. According to Fidelity , it is estimated that the average couple will need $280,000 in today’s dollars for medical expenses in retirement, excluding long-term care.

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What Are The Best Benefits to Offer Your Employees?

DailyPay

Most often, employees expect a “comprehensive benefits package” to include 401K, health insurance, dental insurance, vision insurance, life insurance, vacation time, and sick leave. However, businesses can offer benefits that provide the option—and means—to tackle change. It was short-lived and didn’t provide real value.

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resigning when my boss’s wife just died, being paid less than a male predecessor, and more

Ask a Manager

At my first job out of college, I started contributing to my 401k as soon as I was eligible. I max out Roth IRA contributions and my employer match for my 401k. So when I started my new job in January of this year, one of the first things I did was a deep dive into the 401k retirement plan options.