What Role Does HR Play in Offering Retirement Benefits?

Author: BerniePortal
Published: Thu 15 Feb 2024
Episode Link: https://www.bernieportal.com/hr-party-of-one/

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