Industry Archives - Fast and Affordable 401k for growing businesses https://401go.com/category/industry/ Futures built here with our fast affordable 401k options. Tue, 05 Nov 2024 22:48:45 +0000 en-US hourly 1 https://401go.com/wp-content/uploads/2024/10/cropped-favicon-32x32.png Industry Archives - Fast and Affordable 401k for growing businesses https://401go.com/category/industry/ 32 32 Most Loved Workplaces: What Employees Want https://401go.com/most-loved-workplaces-what-employees-want/ Mon, 31 Oct 2022 20:07:32 +0000 https://401go.com/?p=12833 The Newsweek 2022 list of most loved companies illustrates what...

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The Newsweek 2022 list of most loved companies illustrates what is truly important to today’s employees. The companies that are rated highest are those that have evolved to meet the needs of their workforce.

The days of wooing new hires with ping pong and snacks are past. Some of top priorities for employees include hybrid working environments, career development, and a feeling of contributing to a worthwhile cause.

Some of this year’s top rated employers include:

  • Dell, who prioritized employee development and internal hiring
  • SAP, who offers month-long sabbaticals to use skills in developing communities
  • Avande, who focuses on family health, and offers reimbursement for some family-related needs
  • Marriott, who refers to mistakes as development opportunities
  • Hilton, who offers destination workplaces and attractive performance rewards

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Big 401(k) Cost of Living Adjustment Coming in 2023 https://401go.com/big-401k-cost-of-living-adjustment-coming-in-2023/ Thu, 13 Oct 2022 18:07:57 +0000 https://401go.com/?p=12596 As inflation continues to rise, cost of living adjustments (COLA)...

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As inflation continues to rise, cost of living adjustments (COLA) have been announced for social security recipients. Experts are also estimating adjustments for retirement savers. Official announcements are expected in late October or early November.

Starting in January of 2023, the 401(k) contribution limits will likely increase from $20,500 to $22,500. Social security benefits will be adjusted by 8.7%. Along with these increases come an increase in the maximum earnings that will be subject to Social Security tax, from $147,000 to $160,200.

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Employees Looking For Support Making Financial Choices https://401go.com/employees-looking-for-support-making-financial-choices/ Thu, 06 Oct 2022 18:17:42 +0000 https://401go.com/?p=12559 According to the Morgan Stanley State of the Workplace Financial Benefits study, employees are reducing their retirement contributions due to the impact of inflation. And workers are increasingly looking to their employers for support.

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According to the Morgan Stanley State of the Workplace Financial Benefits study, employees are reducing their retirement contributions due to the impact of inflation. And workers are increasingly looking to their employers for support.

Employers should consider listening, since money-related stress is a major performance inhibitor. More than 70% of employees report that financial stress is affecting their work life.

What are employees looking for? The top ask is access to a financial advisor, followed by investment planning, retirement calculators and tools, and retirement planning workshops.

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