Employers who were issued IRS penalty Letter 226-J could receive more bad news depending on how they intend to respond to their alleged violation of the employer shared responsibility provision of the Affordable Care Act. To give the accused a chance to plead their case, Letter 226-J gives employers the opportunity to refute the assessed penalty amount […]
Are the questions you’re asking potential employees truly helping you identify the best candidate? Increasingly, employers are learning that questions don’t need to be interesting, just effective. Instead of asking a candidate about their favorite superhero, which is essentially another way of asking them what their super power would be, ask them what they like to […]
Summer is approaching, which means your employees are probably looking to get away for a well-deserved vacation — or, at the very least, a staycation that includes unplugging for the week. The low unemployment rate and an increasing number of job openings signal to employers that they need to offer more time off to compete […]
Are only the largest retirement plans audited? The truth is that plans of any size can be audited by the IRS and the DOL. Your plan could be selected for a random audit, or as a result of IRS datasets that target certain types of plans. However, lots of audits are triggered by specific events. […]
The tax reform law has had one interesting consequence for the retirement industry: It has driven up interest in different types of savings plans that work in tandem with 401(k) plans to help company owners and highly compensated employees set more money aside for retirement. Mike Weintraub, president of Relation Insurance Services’ retirement division, says […]
Though some might think that reduced physical demands at work would improve employee health — that more comfortable, sedentary jobs would be safer and healthier long-term — more and more research show that the opposite is true. Even with reduced heavy labor, increased automation and more advanced medical therapies, our nation continues to see a […]
Are only the largest retirement plans audited? The truth is that plans of any size can be audited by the IRS and the DOL. Your plan could be selected for a random audit, or as a result of IRS datasets that target certain types of plans. However, lots of audits are triggered by specific events. […]
Saddled with about $30,000 of student loan debt and lower wages than their parents were making at their age, millennials and Gen Z are forgoing traditional saving strategies to tackle existing debt. The changing workforce demographic has created a new protocol for HR departments to follow, which includes updating the benefits package to resonate with younger employees. […]
KANSAS City, Mo. — The cost of prescription drugs continues to be a major concern among health plan sponsors and members alike. With no signs of falling in the near future, experts are attempting to understand where the increases began and what options are available today. During the National Association of Health Underwriter’s Annual Convention […]
With more than half of U.S. workers leaving their current job in search of better pay and benefits, a compelling benefits package is a critical competitive advantage for small businesses. It allows them to stand apart from companies of similar sizes and better stack up against larger ones when competing for candidates or attempting to retain talented […]
