Tag: 401k

The Evolution of Retirement: From Pensions to 401(k)s and What It Means for Employee Retention

By Lin Grensing-Pophal, Contributing Editor Sep 13, 2024 Benefits and Compensation

Updated: Sep 13, 2024

In the modern, information-based economy, human talent is incredibly important to just about any organization. Finding, recruiting, and retaining that talent is consequently extremely important as well, and businesses have many strategies aimed at retention, from creating diverse and inclusive workspaces to tenure-based bonuses and advancement schemes. But what ever happened to the ultimate corporate […]

Prescription for Employee Financial Wellbeing? Start with an FSA or HSA

By Zack Peckham, Health-E Commerce Apr 30, 2024 Benefits and Compensation

Updated: Apr 30, 2024

With inflation continuing to drive prices upward on a broad range of products and services, financial wellness is top of mind for nearly everyone. According to a recent Bank of America survey, 62% of employees are stressed about their finances and 71% feel the cost of living is outpacing growth in their income. All told, […]

401K Matching for Student Loan Payments Finally Arrives

By Lake Moore, McAfee & Taft May 4, 2023 Benefits and Compensation

Updated: May 4, 2023

In this economic environment, employers are doing almost anything to attract and retain a quality workforce. Improving the suite of employee benefit offerings, sometimes without incurring major new expenditures, is top of mind for many. Enter SECURE 2.0, which includes a long-awaited 401(k) feature that has sparked employer interest for years. What Is It? The […]

6 Innovative 401(k) Options to Consider that Support Employees’ Holistic Financial Wellbeing

By Barrett Scruggs, SoFi at Work Mar 14, 2023 Benefits and Compensation

Updated: Apr 5, 2023

401(k) plans have been a staple of employee benefits offerings for decades and are a way for employees to save money for retirement by deferring taxation on contributions. One of the most attractive aspects of a 401(k) is the employer match, which averages around 4.7% of employees’ salaries in the United States and adds substantially to employees’ retirement […]