In yesterday’s Advisor, business consultant Bridget Miller wrote about some of the options out there for employer-provided retirement plans; today, Miller provides some more retirement choices for employers to consider.
When it comes to retirement planning, the options can sometimes seem overwhelming. Individuals may be able to participate in employer-sponsored plans, and they may also have their own separate retirement savings. Today and tomorrow, business consultant and HR Daily Advisor contributor Bridget Miller provides the basics on the various retirement benefit plans that employers may […]
Only 33% of those who answered the question, however, automatically enroll employees, though 2.5% plan to implement auto-enrollment in the future. Other survey highlights: Most common match amount is up to 6% of salary (25% of respondents). Nearly half (48%) of employers offer more than 15 investment options. 26% plan to add a defined contribution […]
The Internal Revenue Service has released cost-of-living adjustments for contributions to employee retirement plans, including 401(k), 403(b), and 457 plans, as well as profit-sharing, SIMPLE, and SEP plans. For information on the new limits, go to the IRS website. 10 Tips for Effective, Legal Performance Appraisals Don’t let your performance appraisals fall by the wayside. […]
President Bush has proposed important changes to the types of retirement accounts available to American workers. The changes are designed to make retirement savings simpler and more attractive. The president proposes to create Employer Retirement Savings Accounts (ERSAs), which would streamline, consolidate, and simplify the maze of employer-sponsored plans, including 401(k), SIMPLE 401(k), 403(b), and […]