401ks

A relatively strong job market, new tax breaks and state mandates are leading more small businesses to offer employees a 401(k) plan. The state mandate boost can be seen in California, Oregon and Illinois. Those three states were among the first to require private-sector employers that don’t offer retirement plans to give employees access to state-sponsored programs.  A relatively strong job market, new tax breaks and state mandates are leading more small businesses to offer employees a…

Americans largely stifled the urge to reduce their savings rates and sell stocks in their retirement accounts last year, even as the market declined and inflation soared. About 90% of investors in the 401(k)-style retirement plans administered by Vanguard Group maintained or increased their savings rate in 2022. And trading activity fell to a two-decade low among participants who manage their own investments, according to data from the Malvern, Pa.-based company. Last year was tumultuous for stocks with the S&P 500…

Amazon is trotting out new benefits and higher pay for some of its drivers, the company announced in a Tuesday afternoon press release. Specifically, it is putting more funding towards its “Delivery Service Partners”, which are independent businesses that manage a fleet of vehicles and drivers under the Amazon banner in a franchise model.02:49Guess How Much Crypto's Been Stolen Lately? Part 2Yesterday 10:45AMThe DSP program has generated more than $26 billion in revenue for Amazon over the past four years, the company…