Human Interest’s Post

🎉 Exciting News Alert On a Friday! 🎉 At Ōnin Staffing, we truly believe in investing in our people, recognizing that they are at the very heart of our success. That's why we're thrilled to announce that we now offer 401k retirement plans to all our teammates! We understand that planning for the future is not just a nice to have, it's a necessity. And we want our teammates to know that their futures are just as important to us as their present contributions. This 401k offering isn't just about financial support – it's about creating a sense of security, stability, and empowerment for our incredible team. Why does this matter? Because Ōnin Staffing is not your average staffing agency. We strive to be a difference-maker in our industry, going beyond the norm to ensure our team members are well taken care of and feel valued. This includes investing in their long-term financial health. We're not just building a team – we're building a family. And we know that in a family, everyone's future matters. That's just another way Onin Staffing is making a difference. Together, we'll continue creating brighter futures and stronger communities #OninStaffing #InvestingInOurPeople #401k #StaffingIndustry #DifferenceMaker

Retirement plans are an undeniably attractive employee perk, but offering them has historically been difficult for small businesses. Safe Harbor 401(k)s lower some of the barriers, notably the annual nondiscrimination tests as described in this article from Kiplinger. https://bit.ly/3VoPB4v Are you looking for a way to attract more quality employees? Reach out to us at www.morgiaretirement.com and we can discuss options, no matter what size your business. #morgiaretirement #fiduciary #safeharbor #401k

  Traditionally, employers have focused on helping employees save for retirement, but the landscape is changing. The role of plan sponsors is evolving as they now recognize the need to address more immediate financial concerns that can seriously undermine long-term savings. There is a growing recognition that providing support for non-retirement priorities, such as debt management and emergency savings, is crucial for the overall financial health of employees. It can offer significant benefits for organizations as well, including increased productivity, lower health care costs, enhanced employee engagement and decreased turnover.   To navigate this shifting terrain, employers are adopting a more holistic approach to financial wellness. By offering resources and support that address both present and long-term financial needs, they’re helping employees build a more secure foundation for their future.   This month’s edition of The Retirement Times has several ways employers can help support workers’ financial well-being in the face of historic levels of personal debt:  

65% of Small Business Owners do not offer a retirement plan to their employees. Almost 7 in 10 (69%) owners cite helping employees save for the future as a primary driver to offering a plan. If business owners want to help employees save, but aren't setting up plans, what are the 3 major issues holding them back? • They don't think their business is large or stable enough • They have limited administrative resources • They lack the knowledge and don't know where to start How can you help? • Bring up the 401(k) at your next meeting with the owner • Let the owner know you are connected to specialists & experts in this field • Assure them, support administratively and financially is available to assist them running a successful plan Thanks to our friends at Capital Group for the data and to NAPA for the article: https://lnkd.in/eAinvw7P Here to help you --> @drewtirney #capitalgroup #NAPA #401kinabox

Investing in your team's future through a Group Retirement Savings (GRS) plan goes beyond securing their financial stability; it's about fostering a motivated workforce that propels your business forward. Consider the following benefits: 1️⃣ Demonstrating commitment Offering a robust GRS plan shows your dedication to employees' long-term financial security, enhancing their loyalty and engagement. 2️⃣ Attracting top talent A comprehensive retirement plan attracts skilled professionals seeking stability and growth opportunities, bolstering your recruitment efforts. 3️⃣ Boosting success Securing your employees' tomorrow enhances morale, productivity, and retention, leading to overall business success. Talk to us about how we can help you put your employees at the heart of everything you do. Who's ready for a different conversation? 🤔 #GroupRetirementSavings #EmployeeEngagement #FinancialSecurity #EmployeeBenefits #RetirementPlanning #EmployeeWellness #GroupBenefits

More and more Americans are dipping into their retirement accounts to cover emergencies. What if there was a better option? Beginning this year, two new emergency expense provisions in the SECURE 2.0 Act allow employers to offer solutions through retirement plans that help employees manage unexpected expenses. As employers decide how to implement these new provisions, we must ask, what do employees earning low and moderate incomes think about the options? In a new brief, made possible through the support of BlackRock’s Emergency Savings Initiative and W.K. Kellogg Foundation, we highlight the relevant findings and insights from focus groups. Download the brief today: https://lnkd.in/gJTvvVp2 Brian Gilmore Robin Flaharty Nick Maynard Timothy Flacke Paula Grieco Charvi Gandotra Shana Beal Peter Pieh #SECUREAct #EmployeeWellness #EmployeeFinancialHealth

Did you know that one out of three 401(k) savers don't take full advantage of company matching? Employers can help their employees make the most of their benefits by keeping them engaged in their benefits. This can help employees boost their retirement security in the long run. Read more about this strategy in Inspira Financial's blog: https://ow.ly/eLr430sCqFc

How to save for an emergency, with help from your employer. This is the headline from a recent article from Reuters. Here are two pieces from the article which I found helpful: "The advantages of employee emergency savings are multiple: First, that they will not raid their own retirement accounts in times of crisis. As it stands, 2.4% of employees took hardship withdrawals from their 401(k)s in 2022, according to Fidelity – a record high, which could set back your retirement goals by years. Another advantage of having emergency cash on hand is financial and emotional well-being. An employee who is overwhelmed with sudden expenses is stressed-out, distracted, less productive, and more prone to absenteeism – which harms not only the individual and their families, but the company as well." Here is the link to the article: https://lnkd.in/guX6bGja

It is crucial that we center employee voices in the work of building and launching Secure 2.0 retirement plan emergency expense (“$1000”) and emergency savings (“PLESA”) options. Take a read of Commonwealth’s new research and report. #emergencysavings #retirement #401k #financialwellness #financialhealth #employeebenefits

It’s Pension Awareness Day! Employees are depending on their employers to provide financial security and peace of mind now more than ever. By providing a group savings plan and employee education, it shows that you care and invest in your employees’ health, wellbeing and their financial future. As an employer, it’s important to leverage your group savings plan as part of your total rewards package, but most businesses still have blind spots. 7 COMMON CHALLENGES EMPLOYERS HAVE WITH THEIR GROUP RETIREMENT PLAN highlights why it’s critical to find an advisor who’s aligned with your company to help address these concerns. Read more here: https://lnkd.in/e2J-FFfM