How to Roll Over Your 401(k)
Posted: March 13, 2021
If you leave your job for reasons other than retirement, you have four options on what to do with your 401(k). You can: Leave it with your former employer Consolidate it into your new employer’s 401(k) plan Cash it out Roll it over into an IRA or Roth IRA. Rolling Over a 401(k) to an IRA IRAs offer more investment options than 401(k)s. IRA fees...
Am I Required to Provide My Employees with Short-Term or Long-Term Disability?
Posted: February 28, 2021
Short-term disability insurance provides some income replacement when a non-work-related illness or injury leaves an employee unable to work for a limited time period. Long-term disability insurance serves the same purpose, only for longer periods of time, ranging from two years to retirement age, depending on the policy. No law requires employers to offer long-term disability insurance to employees. However, five states and Puerto Rico...
What Benefits Should I Offer My Employees?
Posted: February 13, 2021
Employee benefits will cost your business. There is no avoiding that, but the pros outweigh the cons. Advantages of offering benefits include better recruitment and retention, greater wellness and productivity, tax advantages, and a more positive company culture. Developing a benefits package represents a leap in the growth of your company. A major step in the process is deciding what benefits to offer. What Are...
