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Nov 30, 2023 · But it’s not just about stashing cash away. Achieving financial wellness after retirement needs careful planning and expert advice too. Key Takeaway: Boosting employee retirement readiness needs a multi-pronged approach. Engage financial advisers for personalized advice and guidance on savings optimization.

Nov 26, 2023 · 401 (k) Plans One reason deferred compensation plans are often used to supplement a 401 (k) or an individual retirement account (IRA) is that the amount of money that can be deferred into the...

Nov 27, 2023 · Retirement Benefits. Retirement benefits are critical to an employee's compensation package, providing financial security in their post-work years. 401(k) Plans; A 401(k) plan allows the employees to defer some of their salary. Instead of receiving that amount in their paycheck, the employee defers, or delays, getting that money.

Nov 26, 2023 · Here are some other examples of job benefits that let you take care of employee health: Health Reimbursement Arrangements (HRAs): Using a third-party company, deposit pre-tax funds into HRAs that your workers can then use for out-of-pocket medical expenses and health insurance premiums.

Nov 26, 2023 · For example, an employee with exactly 5% ownership in the company is not considered a highly compensated employee. One with a 5.01% interest in the company has the HCE status.