Salem Five Bank — Providing full-service financial services including banking, mortgage lending, loans, insurance and investments.

WORKPLCE FINANCE
ARTICLES

Workplace Finance
2025 Paycheck Planning

Monitoring the changes in the Internal Revenue Service (IRS) and Social Security Administration (SSA) guidelines is crucial for successful 2025 paycheck planning ...

Workplace Finance
An Overview of 401(k) Plans

If meeting your retirement goals while getting tax benefits sounds like a great idea, you should consider investing ...

Workplace Finance
Direct Deposit and Paycheck Allocations

A growing number of employers offer direct deposit, in which your regular paycheck is electronically ...

Workplace Finance
Medical, Prescription, Vision and Dental Plans

You already know how important health insurance is. Without it, a serious illness or injury could devastate you ...

Workplace Finance
Quality of Life and Wellness Benefits

Most employers want you to be healthy. Really. Healthier workers are more productive workers ...

Workplace Finance
Setting Up Tax Withholding

Do you look forward to receiving a big income tax refund every year? If so, you are taking the wrong approach ...

Workplace Finance
Should You Withdraw Funds from Your 401(k)?

For many people nearing retirement age, their 401(k) account is their biggest asset. It represents many ...

Workplace Finance
Stop Living Paycheck to Paycheck

Researchers have found that a large number of households in the United States are living their lives from ...

Workplace Finance
Tuition Reimbursement

Does your employer offer tuition reimbursement? If so, it is a benefit that could prove valuable. The cost of ...

Workplace Finance
Reviewing Your Retirement Plan

The days when companies would provide pensions for their employees are rapidly dwindling ...

Workplace Finance
Types of Retirement Plans

Long gone are the days when most companies provided a pension plan for their employees ...

Workplace Finance
Understanding Pension Plans

Pension plans can be a significant source of retirement income for many retirees. Employers often use pension plan benefits to attract and retain quality employees ...

Workplace Finance
What is an Employee Assistance Program (EAP)?

Every good business recognizes that their employees are their most important asset. Therefore, employee health ...

Workplace Finance
What Is a Long-Term Incentive Plan (LTIP)?

A long-term investment plan (LTIP) is a compensation plan that businesses offer to help employees achieve specific performance ...

Workplace Finance
Utilizing Childcare Benefits

Balancing childcare and work is challenging for many parents, especially with rising costs and limited availability. This issue affects both families and businesses ...

Workplace Finance
Understanding Parental Leave Policies

Parental leave is a crucial workplace policy that allows parents to take time off to care for their newborn or adopted children. This policy lets employees be absent ...

Workplace Finance
Understanding Paid Time Off (PTO)

Paid time off, or PTO is a benefit offered by an employer to allow an employee to take time off from work for holidays, vacation, sick leave, or personal reasons ...

Workplace Finance
Hourly and Salaried Employment

The Fair Labor Standards Act of 1938 standardizes the structure of any given job within the United States. The FLSA declares that all employees, regardless of ...

Workplace Finance
Understanding Payroll Taxes

Payroll taxes are taxes that both employees and employers pay based on employees' wages, tips, commissions, and salaries. The employees' portion is deducted from ...

Workplace Finance
Negotiating a Job Offer

So you have finally received the phone call or email you have been waiting on regarding your recent job interview. But, the excitement begins to fade when you realize that the offer ...