Category: Benefits and Compensation

This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.

Supreme Court Ponders Continuing Duty of Prudence Limits in Tibble

On Feb. 24, the first retirement plan “excessive fee” case was heard by the U.S. Supreme Court. It raises the question of how long a fiduciary must monitor its employer-sponsored plan’s investments — or whether that duty can instead be measured at a single point in time. A lower-court ruling had found the ERISA claim […]

ACA—Does It Affect Your Wellness Plan?

More provisions of the Affordable Care Act (ACA) are being officially implemented, and most organizations are wondering how it affects their benefits programs. Employee wellness programs have become popular recently—does the ACA affect them? Know the facts to ensure compliance.

Must You Pay Employees When Bad Weather Forces a Closure?

Maybe it’s 20 inches of snow. Maybe it’s an impending hurricane. It could be wildfires, an ice storm that caused a power outage, or flooding. Whatever the specifics, Mother Nature has a whole lot of ways to create havoc and cause businesses to shut down temporarily.

Career Karma Caught Up with This Rude Commuter!

Have you ever wondered why good things happen to bad people? I know I have. It’s not something I’m particularly proud of, but I must admit that sometimes I scratch my head and wonder how someone with questionable character or who demonstrates unethical behavior seemingly ends up on top.

IRS Rules Further Define Payment of ACA Insurer Fees

New IRS regulations define the way health insurers will pay fees under Section 9010 of the Affordable Care Act. In the rules, the IRS applies Notice 2014-47 and provides further guidance on how covered entities will pay the fees for 2015 and subsequent fee years. It also tells how covered entities will report and pay on behalf of […]

Voluntary Benefits: Low Cost, High Reward!

Voluntary benefits can have a very positive effect on recruiting and retention, and with little cost being shouldered by the employer. Steve L. Adams, an expert in the field of benefits and insurance, emphasizes that in order to reap the rewards of these offerings, you must be sure to implement them in a way that […]