If you want to source and retain top talent, an attractive employee group benefits package is a valuable asset. Even with a startup or a small company, it works to your advantage to offer as many group benefits as you can, as soon as you can. Start offering group benefits
The sooner you start putting money into a 401(k), the better. If you are in your 20s or 30s, retirement may be low on your list of financial priorities. But if you start investing in your 401(k) now, your savings could grow tax-free for the next 30 to 40 years.
Short-term disability and long-term disability are both designed to protect your income in case you are unable to work. However, there are differences in the two types of coverage. Many people elect to have both short-term disability and long-term disability insurance policies. What Is Short-Term Disability Insurance? Short-term disability (STD)
Critical illness insurance is designed to compensate policyholders in a lump payment if they are diagnosed with a range of illnesses as listed in the policy. These policies can also be structured to make a series of payments based on the policyholder’s condition and ongoing medical treatments. Also known as
There is no minimum amount you are required to contribute to your 401(k). However, there are suggested amounts to help maximize your retirement potential. There is a maximum amount you are allowed to contribute to a 401(k) annually, as established under federal law. What Are the Suggested Amounts for 401(k)
The decision to freeze a 401(k) is made by company management. This often occurs after a merger, while the new company decides what to do with its inherited 401(k) plan. If your 401(k) has been frozen, you won’t be able to make any withdrawals or make any new contributions as
A health savings account (HSA) is designed to stay with you for life, but you could lose it if you don’t use it. The following is information you may not know about your HSA, including how to keep it if you have stopped using it. What Is An HSA? HSAs
The Roth 401(k) was introduced in 2006 and is becoming increasingly more common. The bigger the company, the more likely it is that employees will have the option of contributing to a Roth 401(k). Although the traditional 401(k) and the Roth 401(k) share some similarities, there are also major differences
Employee benefits are a key factor in recruiting and retaining top talent. Group health insurance is an important part of your employee benefits package that helps your company compete in the marketplace. If you are shopping for a group health plan, the following rank among the top factors to consider.
Contributions to a 401(k) can stop for a variety of reasons. You may have been laid off or fired or left your job voluntarily. You could also choose to stop your 401(k) contributions while still employed with the company, with no penalty for doing so. What happens to your 401(k)
