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Mind, Body and Wallet: Optimizing Workplace and Worksite Employee Well-being

Prism HR

The top areas of financial concern for worksite employees include having their retirement savings last as long as needed, having sufficient emergency savings and paying off/reducing household debt. Guardian has been delivering benefits solutions to PEOs since 2001. Register for our upcoming webinar being held on April 10.

Wellness 105
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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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Roth IRA vs 401(K): Which Should You Choose?

HR Digest

You probably have come across the occasional Roth IRA vs 401(k) comparisons to pick your retirement account. Maybe your company offers matching funds or doesn’t offer any retirement plan at all. Nevertheless, it’s an arduous task to choose the best retirement account. First up: Roth IRA contributions. What is a Roth IRA?

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‘Saver’s Credit’ Access Could Help Plans Comply with Nondiscrimination Requirements

HR Daily Advisor

A retirement research institute suggested several ways to improve the Saver’s Credit for lower-income individuals in a recent paper , steps that also could help employer plan sponsors ensure that their plans remain in compliance with nondiscrimination requirements. Why It Was Created.

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

Paycor

This cap was put in place to help ensure retirement savings are equitable across the board for all employees. The Economic Growth and Tax Relief Reconciliation Act of 2001 ( EGTRRA ) created the catch-up contribution provision so older employees could set aside enough savings for retirement. A 5% owner of the business, or.

Payroll 45
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Forget the Catchy Headlines – It Is Time for HR Leaders to Get Serious About Workforce Planning

CCI Consulting

a 28% quit rate in 2001 and 2010, following the 2000-2001 and 2008-2009 recessions). A significant contributing factor in 2021 is the increase in retirements with 1.5M more retirements than normal.  First, some facts about employee turnover: The 2021 quit rate is consistent with other post-recession data (i.e.,

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3 Strategies for Improving Employee Productivity and Prosperity

HR Daily Advisor

And 80 percent of organizations say their employees are overwhelmed with information at work. Provide Employees with the Right Tools and the Right Information at the Right Time. At the same time, baby boomers are living longer than ever and therefore, a lot of them are also working well past yesterday’s retirement age.