Great Reasons to Offer a 529 Savings Plan

A 529 college savings plan is considered one of the best ways for parents to save for their children’s’ higher education. Similar to a 401(k) savings plan or an Individual Retirement Account, contributions to the state-run plan grow tax free. In many states, participants get a tax deduction or credit for their contributions. Employers —…

Can You Afford 30 Years in Retirement?

Have you or your employees saved enough for retirement? The Internal Revenue Service (IRS) says an individual could easily spend 30 years or more in retirement, and to retire comfortably could need up to 80 percent of their annual income. Unfortunately, a recent CNN Money report found that nearly half of those surveyed had only…

Glassdoor Identifies Benefits that Employees Like

In its recent survey, career site Glassdoor found a rising trend of employers investing more in benefits. The survey found that salaries are no longer the focus of the total compensation package. The survey found four in five workers today would prefer new benefits or perks rather than a pay raise. They are interested in…

Increasing Your Retirement Plan Participation

You might have the best retirement plan available, but if employees aren’t participating, what’s it worth? The following plan changes could make your plan more attractive to all employees. So what can you do to encourage your employees — all of them — to commit to a retirement savings program?   1   Offer a 401(k)…