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Archives: 2020

Traditional 401(k) Vs. Roth 401(k)

Traditional 401(k) Vs. Roth 401(k)

The Roth 401(k) was introduced in 2006 and is becoming increasingly more common. The bigger the company, the more likely it is that employees will have the option of contributing to a Roth 401(k). Although the traditional 401(k) and the Roth 401(k) share some similarities, there are also major differences between the two. What Is A Roth 401(k)? A Roth 401(k) is a type of...

Top 7 Considerations When Choosing A Group Health Plan To Offer

Top 7 Considerations When Choosing A Group Health Plan To Offer

Employee benefits are a key factor in recruiting and retaining top talent. Group health insurance is an important part of your employee benefits package that helps your company compete in the marketplace. If you are shopping for a group health plan, the following rank among the top factors to consider. Number Of Employees To be eligible for group health insurance, you must have between one...

What Happens If I Stop Adding To My 401(k)?

What Happens If I Stop Adding To My 401(k)?

Contributions to a 401(k) can stop for a variety of reasons. You may have been laid off or fired or left your job voluntarily. You could also choose to stop your 401(k) contributions while still employed with the company, with no penalty for doing so. What happens to your 401(k) after you stop adding to it may be largely up to you, depending on the...

Should I Offer My Employees Health Insurance Or 401(k) First?

Should I Offer My Employees Health Insurance Or 401(k) First?

It is an employees’ market today, which makes it a challenge to find the best talent. Once you get them on board, the next challenge is retention. Offering a great employee benefits package is one of the best ways to keep your best employees. Although there is some cost to the company, providing a range of employee benefits helps keep your business stable. If you...