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5 Holiday benefits and perks to thank employees

Spread some holiday cheer around your workplace this season with these creative and thoughtful end-of-year benefits and rewards to celebrate a workforce that has dutifully taken on extra work and stress during trying economic times. Whether it’s giving a small gift or throwing a holiday bash to show your care, employees will be thankful for your support and recognition. When they return to work in the New Year, make sure employees are listing “exercise more” and “eat fewer sweets” as their 2012 resolutions, not “find a new job.”

401(k) fee disclosure to change DC game

Since the financial crisis and Great Recession, 401(k) plans have undergone dramatic shifts. To foster diversification and greater participation, 51% of participants in Fidelity Investments' 401(k) plans are in automatically enrolled plans, up from 16% five years ago, and 73% of the plans use target-date funds as the default, up from 11% in 2006.

Lee Barney
By Lee Barney
Editor-In-Chief
Money Management Executive

Senate defeats competing payroll tax cut bills

The Senate last Thursday defeated competing payroll tax cut extension plans by Democrats and Republicans, clearing the way for negotiations on compromise legislation that could boost the economy next year.

By Reuters

8 ways employees can use their flexible spending accounts before 2012

As 2011 comes to an end, it’s time for employees with health care and dependent care flexible spending accounts to use up their remaining balances before the end of their plan year, when any leftover money is forfeited. Here are eight ways your employees can spend down their FSAs before 2012, courtesy of Save Smart, Spend Healthy.

Retirement plans in a quandary

"What we've got here is a failure to communicate." That famous line, from the 1967 movie "Cool Hand Luke," summarizes the reason that retirement plans collectively – but unwillingly – hold billions of dollars that plan sponsors have unsuccessfully tried to distribute to former participants.

Reforms equal smaller 401(k)s

Two recent proposals to change the existing tax treatment of 401(k) retirement plans, if enacted, are likely to result in lower account balances for many 401(k) participants, according to a new analysis by the Employee Benefit Research Institute.

Lisa V. Gillespie
By Lisa V. Gillespie
Writer

Small businesses create 55,000 jobs in November

U.S. small businesses created 55,000 jobs in November but employees worked fewer hours and earned less money, according to a survey on Tuesday that highlighted the still weak labor market conditions.

By Reuters

Democrats to introduce bill to extend payroll tax cut

Senate Majority Leader Harry Reid (D-Nev.) plans to introduce legislation that would extend the payroll tax cut that is due to expire at the end of the year. The tax cut extension would be offset with a surtax on millionaires, setting up a battle with Republican lawmakers who are opposed to any tax increases.

Michael Cohn
By Michael Cohn
Editor-in-chief, AccountingToday.com

Small business owners: Workers financially unprepared for retirement at crisis level

Across the board, employees may have access to retirement plans, but that’s not the case for small businesses. A new small business survey by Nationwide Financial finds that 75% of small businesses agree that so many Americans are financially unprepared for retirement that it has reached crisis levels. However, only one in five of these businesses offer their employees a 401(k) or other employee self-funded retirement plan.

Lisa V. Gillespie
By Lisa V. Gillespie
Writer

Stop being micromanaged

No one likes a boss who excessively scrutinizes work and constantly checks in, but if you have a controlling boss you don't have to suffer, according to Harvard Business Review.

By Reuters

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