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Employee 401 (k) contributions for 2022 will rise by $1,000 to $20,500 with an additional $6,500 "catch-up" contribution allowed for those age 50 or older. During open enrollment, highlight the ...
- Open Enrollment Planning Gets Underway
Last year, open enrollment for 2021 employee benefits...
- Open Enrollment Planning Gets Underway
Mar 9, 2021 · Here are five of the most important takeaways from 2021 open enrollment: ... is needed to prepare for open enrollment: ... meetings are seldom mandatory for employees, but employers may rethink ...
- Sherry Olson
- Hold a virtual kickoff event. Start the open enrollment period by hosting an engaging webinar, virtual, or on-demand presentation. The presentation can be relatively brief, but it should provide employees with the key information they will need to learn about their benefit options and make their selections.
- Provide information in multiple formats. Provide information about open enrollment in several ways, including detailed written instructions and videos.
- Offer one-on-one meetings. Even if you provide detailed benefits information online or on paper, some employees may prefer to talk to someone about their options.
- Make enrollment easy. Many employers already require online/mobile-enabled enrollment, even if their workforce is on site. With a virtual or hybrid workforce, online enrollment will be easiest—but make sure employees have the technical support they need.
Jul 6, 2021 · Last year, open enrollment for 2021 employee benefits presented a first-of-its-kind situation, with much of the workforce working remotely. The 2022 benefits open enrollment period, which most ...
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Of course, offering virtual open enrollment opportunities doesn’t mean that an employer needs to scrap their traditional open enrollment process entirely. In a hybrid model, many employees continue to work in a brick-and-mortar location. Most employers already have robust open enrollment processes for those on-site; still, it’s worth
21 hours ago · To Keep or Cut? The Year Ahead in Open Enrollment Planning . Employers are just weeks away from closing the book on 2024’s open enrollment season for the 2025 plan year.
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Oct 1, 2024 · Preparing for open enrollment is a critical task for employers. You can ensure a successful open enrollment period by reviewing your current offerings, exploring new options, communicating effectively with employees, simplifying the enrollment process, and considering cost-saving strategies.
