Understanding Your Employee Stock Purchase Plan
If your employer offers you an employee stock purchase plan and you are not participating, you may be leaving thousands of dollars on the table. Many people put off enrollment for many reasons, but the biggest is because they do not understand how their employee stock purchase plan works.
Explaining Employer Benefits
So as we’re entering the new year, it’s a great time to review the employer benefits that your company offers you. Especially if it’s a larger company. What do you have? What should you have? And what changes can you make now in a fresh new year?
So there’s three main groups:
Money Moves During Employee Benefits Enrollment
Great employee benefit packages can entice employees to remain at their employers or encourage new hires to come aboard. The problem is, these benefits are oftentimes overlooked during the enrollment period every year. Large benefits such as ESPP (employee stock purchase plans), life and disability insurance or access to an HSA (health savings account) may be available, yet their complexity makes it hard for the average employee with little financial planning experience to maximize their potential.
For more on employee benefits. check out Good Financial Reads: Employee Benefits (Part 1).
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