Inexpensive Benefits to Help Avoid The Great Resignation

The Great Resignation has been dominating headlines and HR meetings for the last two years, leaving employers wondering about the best way to attract and retain employees. Benefits packages, a key reason employees join some companies and not others, have certainly been a part of the conversation.
Here are two great options to consider:
The 529 Plan
The cost of college is already high, and it’s increasing. Help your employees save for their children’s college education with a 529 Plan.
• Employees can earn money tax-free to use for college expenses and private school.
• No employer cost and no employer contribution required.
• Employees can contribute right from their paycheck automatically.
The 529 Plan is easy to establish and has shown to improve employee retention.

Pet Insurance
Did you know that 70% of U.S. households (about 90.5 million families) own a pet? Show employees and candidates that your company is considering their pet’s health when designing a benefits package. A few highlights of a pet insurance program include:
• No cost to offer pet insurance.
• Employees enroll on-line or by phone directly.
• 50% / 70% back on vet bills (covered services).
• Visit any licensed veterinarian.
• Quick and easy implementation process.

The content of this BLOG was provided by Retirement Partners of California. Click here to view the complete post as well as additional company information.

*Southland Data Processing, Inc. (“SDP”) is not a law firm. This article is intended for informational purposes only and should not be relied upon in reaching a conclusion in a particular area of law. Applicability of the legal principles discussed may differ substantially in individual situations. Receipt of this or any other SDP materials does not create an attorney-client relationship. SDP is not responsible for any inadvertent errors that may occur in the publishing process.


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