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Image source: Getty Images. Easier access to workplace retirement plans. Part-time workers will now have an easier time contributing to their employers' 401(k) plans, thanks to a provision in the ...
So some part-time workers may already qualify for their employer's 401(k) plan. But beginning in 2025, the three-year service requirement for part-time workers will drop to two years. You must ...
Pros: Employers contribute to eligible employees' retirement accounts at 2% their salaries, whether or not the employees contribute themselves. For employees who do contribute, the company will ...
Employee benefits in the United States include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401(k), 403(b)); group term life insurance and accidental death and dismemberment insurance plans; income protection plans (also known as ...
This list of largest pension funds in the United States involves two main groups: government pension funds for public employees and collectively bargained pension funds, jointly managed between employer and employee representatives after the Taft-Hartley Act of 1947.
Retirement is a unique major landmark of life, which represents a transition from day-to-day responsibilities to life with significantly more freedom, flexibility and the chance to do things you ...
The company had previously contributed 15% of annual earnings into individual retirement accounts but reduced the contribution to 10% before putting it fully at the company's discretion, and most employees did not notice the changes at the time. Organizers felt that other benefits had become less competitive over time.
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