Did you know HR is often the plan administrator for their workforce’s retirement benefits? Let’s cover what that means for employers and how HR can strategize this part of their role to empower employees to plan for their future—without adding too much work onto HR’s plate.
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▬ Contents of this Episode ▬▬▬▬▬▬▬▬▬▬
00:00 Intro
01:08 The Two Types of Plans SMBs Should Use
01:56 Simple IRAs
02:35 Why 401(k)s Are Your Best Option
04:44 Hardship Withdrawals
07:44 Retirement Benefits Platforms - What to Expect
09:54 HR’s Role in Streamlining Benefits
11:21 Final Thoughts
▬ Episode Resources & Links ▬▬▬▬▬▬▬▬▬▬
SECURE 2.0 Mandates Automatic Enrollment in 401(k)s & 403(b)s
https://blog.bernieportal.com/secure-2.0-mandates-automatic-enrollment-retirement-plans
401(k) & FSA Contribution Limits
https://blog.bernieportal.com/tax-brackets-401k-contributions-fsa-limits
HR Hierarchy of Needs
https://youtu.be/vzWMAuCLBJk
4 Things HR is Not
https://youtu.be/FyQ32TMHJIo
Benefits Administration with BerniePortal
https://www.bernieportal.com/benefits-administration/
How to Boost Pay Equity Efforts in Your Organization
https://blog.bernieportal.com/boost-pay-equity-efforts
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