Four Ways To Help Reduce Financial Stress For Your Employees
Employee financial stress is a hot topic. So much so, that nearly 60% of employees cite finances as their primary stressor. [1] Their financial worries surpass other top stressors, and it’s impacting their job performance. Research shows financially stressed employees are less productive and more distracted at work. They also have higher rates of absenteeism and presenteeism […]
4 Qualified Plan Tax Advantages For Employers
By choosing to offer your employees a 401(k) plan, you’re sending a powerful message — that you’re invested in their future and committed to helping them work towards financial security in their retirement. As a business owner, you can also benefit from setting up a retirement savings plan. Not only does it provide you with […]
Pros And Cons Of Taking Coronavirus-Related Distributions From Retirement Saving
The COVID-19 pandemic has undoubtedly shaken our economy to the core. Many businesses have struggled to keep their doors open which has caused unemployment claims to soar. Record unemployment, coupled with a U.S. society that has an average household savings account of about $8,8001, has many people looking to their retirement savings as a “piggy […]
5 Ways Total Rewards Can Help Recruit Top Talent
A good total rewards program helps you attract and retain the best possible talent for your organization. Add a great workplace culture and environment and you could be on your way to becoming an employer of choice among job-seekers. What is a total rewards program? A total rewards program is adopted by a company that provides benefits […]
Coronavirus And Retirement Savings: Lessons To Help Mitigate Long-Term Retirement Savings Mistakes
It’s easy to say “stay calm” but harder to actually walk the walk. Keeping emotions out of investment strategies can be challenging even on a normal day. Add a dose of a health pandemic, in this case the worldwide coronavirus, and you could have a recipe for widespread investor panic. Unfortunately, that recipe could be […]
403(B) Plan Update – Is Your Plan Compliant?
For the first time, the Internal Revenue Service (IRS) has pre-approved prototype plan documents for 403(b) retirement plans. The plan restatement requirement is happening now as a long-overdue response to many years of lobbying by retirement plan sponsors and service providers. The IRS’ goal is simple — to create a model blueprint like what has […]
Update: The State Of Insure Oklahoma And Medicare Expansion
Is Your Retirement Plan Getting The Support It Needs During This Pandemic?
If you’re having difficulty with all of the changes and to-dos regarding COVID-19 and how you manage your plan, you’re not alone! Nearly half of plan sponsors say they are still deciding which CARES Act provisions to implement.[1] In addition, you might be dealing with uncertain cash flows, leaving you with the onerous choice of cutting […]
Making Coronavirus Related Changes To Health Plans
Workers Unprepared For Working From Home Raise Worker’s Comp Issues
A special study conducted by Global Workplace analytics found that there has been a major and steady upward trend in the number of people working remotely in the U.S. From 2016-2017, remote work grew 7.9%. Over the last five years remote work increased by 44%, over the last 12 years, by 159%. The emergence of […]
