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How to Address Employee Concerns About Retirement Savings in Light of Market Volatility and Inflation

Auxillium West

Stock market decline, inflation, and fear of recession can lead employees to decrease or drop their retirement contributions. A recent survey of 1000 adults by Voya Financial (1) found that: 66% of respondents are worried about how inflation will affect their ability to save for retirement.

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401(k) 101: A Benefit for Employers and Employees Alike

HR Daily Advisor

Since 401(k) retirement savings plans first appeared in the early 1980s, they have grown rapidly. Today, they are one of the most popular and widespread employee benefits. To allow employees to supplement their future retirement income. To enable employees to take advantage of income tax deferral.

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10 Questions You Should Ask Your Retirement Plan Provider

Insperity

If only finding a retirement plan to offer your employees were as easy as retiring itself. After all, it’s your employees’ future. From Simplified Employee Pension plans to 401(k)s to defined benefit plans, retirement plans come in many forms. And you don’t want to make a rush decision, either.

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Employee Benefit: A Strategic Investment for Attracting and Retaining Top Talent

Empuls

Studies show a clear link between happy employees and organizational success. Over a seven-year period (1998-2005), the stock prices of these companies enjoyed an impressive 14% annual increase, significantly outperforming the market average. But in today's job market, employees are looking for more than just a paycheck.

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U.S. Supreme Court: ‘Church Plan’ Need Not Be Established by a Church to Qualify for ERISA Exemption

HR Daily Advisor

The Employee Retirement Income Security Act of 1974 (ERISA) generally requires private employers offering pension plans to adhere to a lengthy list of rules designed to ensure plan solvency and protect plan participants. These hospitals offer defined-benefit pension plans to their employees. from Williams College.

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An Introduction to Cafeteria Plans: Permitted Tax-Exempt and Taxable Benefits

HR Daily Advisor

If a cafeteria plan violates the special rules of Section 125, a benefit that may be tax-exempt if offered outside a cafeteria plan could lose its tax exemption if it is offered inside the plan. Permitted Plan Benefits. Before joining CER in 2005, Ms. Carsen was a Legal Editor at CCH, Inc. from Williams College.

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Employee Engagement Trends: Mental Health, Remote Work, and Social Media – 2020

Contact Monkey - HR

Five things to consider for improved employee engagement: . Offering tangible employee benefits (e.g. unlimited vacation, retirement plans) . Recognizing employee accomplishments . As you can see, employee benefits don’t always have a monetary figure attached. Company-wide internal communications .