Are you LOOKING for a new role? You know the pay, but what about the 401K?
Although it is the gold standard plan for U.S. employees, about a third of working-age adults do not have the option to use this option at their workplace.
While some companies simply don’t offer them, freelancers and part-time workers are often excluded as well.
A 401K is invaluable for planning a comfortable retirement, so positions with a good package are in high demand.
Here’s everything you need to know about the 401K so you can choose the employer that offers what you want.
Is a pension the same as a 401K? Both function as retirement plans, but there is a big difference.
A pension is financed and administered by the employer.
However, a 401K can be funded by both employer and employee but managed by the employee.
Why should I pay into one? For tax relief and to secure your future. A 401K plan gives you a tax break on the money you contribute.
Many employers offer to match a portion of your savings, which is essentially free money!
How do 401Ks work? Contributions are automatically deducted from your paycheck and invested in a fund of your choice.
You will be presented with a list of available options. You can choose your investments from your plan selection or let the plan choose for you.
Take a look at nerdwallet.com/investing/401k-calculator to find out what’s best for you.
How much can I deposit? The accounts have an annual contribution limit of $22,500 in 2023, rising to $30,000 for those age 50 and older.
What are the disadvantages? Not all companies offer them. If your company doesn’t consider this, consider other options, such as an individual retirement account.
If you are self-employed, look into the Solo 401(k), which you can take out with a suitable broker.
You won’t get free employer-matched money, but you can contribute up to $66,000 in 2023.
Are you ready for a fancier 401k package? Here are the top companies hiring at Sun Jobs this week.
Tax Assistant, Eurofins USA, Des Moines IA
Be in the money with this top position as a tax assistant.
The work: International life sciences company Eurofins USA is hiring a tax assistant.
What you will do: You record and manage customer data, statements and invoices; Check and update account status and information; Manage orders and create estimates; Resolve discrepancies and ensure compliance; and support the tax department in various projects.
You need: An associate’s degree in accounting or equivalent experience, at least two years of experience and basic knowledge of accounting, billing, accounts payable, accounts payable and invoicing.
Apply now: View more details about this Tax Assistant position or view other positions at Eurofins USA.
Patient Representative (Account Manager), Intrepid USA, Edina MN
Take care of yourself with your 401k while also taking care of others.
The work: Intrepid USA, one of the nation’s top 10 home health care companies, is hiring a Patient Advocate (Account Executive) to join its team in Minnesota.
What you will do: You will build relationships with the referral base and potential referral sources to achieve targeted financial goals and annual budget; Conduct market analysis for use in developing and implementing marketing plans. and create and utilize these marketing plans to maintain and grow the customer/referral base.
You need: You have two years of Progress Growth sales and/or healthcare marketing experience; a valid driver’s license and insurance; Knowledge of federal, state and government regulations for home care and hospice; and a proven background in marketing.
Apply now: Further details about this Patient Advocate (Account Executive) position and other job openings at Intrepid USA can be found here.
Merchandising Director, Sam’s Club, Lincoln NE
Join the club and get top perks, including your 401k.
The work: Sam’s Club is hiring a (USA) Merchandising Lead in Lincoln, Nebraska.
What you will do: They support management in supervising and training employees, receive and store supplies and goods, and ensure the maintenance of the sales area and the presentation of goods. and develop, communicate and implement processes and practices to best meet business needs.
You need: The successful applicant will have six months of retail experience and six months of customer service experience. A proven track record of leading a team would be an advantage.
Apply now: View more details about this Merchandising Director (US) role or browse other openings at Sam’s Club.
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