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Employee Benefits and Retirement Planning

4 Posts tagged with the small_business tag
HSA Update: What’s new in health savings accounts?
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Within Employee Benefits and Retirement Planning

Posted by: SBOC Team, Apr 23, 2012

by Sherron Lumley. A health savings account (HSA) is an option available to small businesses that when used in combination with a high-deductible health plan (HDHP) provides an affordable way to offer medical benefit to employees. For the employer, there is a significant benefit—contributions made to an employee’s HSA are tax deductible. For the employee, the benefit from the employer is not considered part of gross income for tax purposes, so the funds contributed are not subject to...
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Revisiting Retirement Benefits: Is It Time to Sweeten Your Employees' Plans?
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Within Employee Benefits and Retirement Planning

Posted by: SBOC Team, Mar 19, 2012

By Sherron Lumley. Whether a distant dream or just around the bend, retirement benefits hold significant sway with employees making decisions about where to work and for how long. In fact, a 2011 Mercer What’s Working survey of 30,000 workers found that, among American and Canadian employees, retirement plans placed second only to base pay among the most important employee value proposition elements. Despite this emphasis, modern-day employees are notoriously poor at following through...
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An Ounce of Affordable Prevention: Corporate Wellness Programs May Be Even More Important for Small Businesses
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In the 15 years that a small metal finishing company has had an aggressive wellness program, the number of employees who smoke has decreased from 42 percent to 15 percent. The compliance rate could be due to the fact that non-smoking employees get automatic lower insurance premiums. However, the senior managers think employees are motivated by the program’s offerings, which include perks like a three-day, all-expenses-paid mountain climbing expedition in Colorado. The company also boasts...
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Health Care Forecast
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Why 2010 will likely bring higher costs for your small business and what you can do about it By Reed Richardson While Congress and the White House are still struggling to craft a health care insurance reform bill that, if it passes, will mostly take effect in 2011 or later, many small business owners may wonder where health care costs are headed in the short term. The answer, perhaps unsurprisingly, is up, but not quite as much as in years past. Nevertheless, entrepreneurs may find that the...
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