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In his recent State of the Union address, President Obama made his stance clear: More Americans should have the ability to save for retirement at work—and the ability to take their savings with them as they move from job to job. Obama’s proposals—which will be detailed further in his FY2017 budget—aim to ensure near universal […]
My dictionary defines ‘fad‘ as a temporary fashion, manner, or conduct followed enthusiastically by a group. My life experience tells me that fads come and go—and some fads come back. Not convinced? Remember skinny-leg jeans? They’re back. Actually, they’ve been back for quite a while. Some would say they never went out of fashion but […]
Our business is being acquired and our employees will become eligible for the acquiring company’s benefit plans. What are we required to do in order to terminate our benefit plans including our cafeteria plan? Do we need to file anything or provide official communication to employees?
A new study from financial education and counseling company Financial Finesse highlights the practical implications of the greater retirement savings shortfalls female employees face for numerous reasons, which result in a gender-based financial “confidence gap.” However, the study also shows that women are more likely than men to utilize retirement-planning services offered by employers.
By Benjamin J. Conley, JD Late last year, the Internal Revenue Service (IRS), U.S. Department of Labor (DOL), and the U.S. Department of Health and Human Services (HHS) issued IRS Notice 2015-87, a series of 26 frequently asked questions (FAQs) addressing a range of unanswered questions under the Affordable Care Act’s (ACA’s) employer mandate and […]
Results of Addison Group’s annual survey spotlight what really matters to employees when it comes to perks. While Silicon Valley may have proliferated the “startup culture” of bottomless coffee, game rooms, napping pods, and other extravagant benefits, respondents seemed to choose the “old standards” as their preferred benefits.
By Kevin J. Skelly, JD The U.S. District Court for the District of New Jersey recently heard a former employee’s claim that he wasn’t paid for unused vacation and sick time. This case highlights a common issue faced by many employers.
A new survey that reveals that compensation in the medical C-Suite rose steadily throughout 2015, also found the compensation increases may be attributed to greater demand and expanding responsibilities for these roles within healthcare organizations.
I’m looking for an agreement that sets up a company’s ability to give an employee a loan and then forgive that loan over time. For example, the employer wants to give an employee money for tuition and then forgive the loan as the employee stays with the company over the next several years.
The U.S. Department of Labor (DOL) has published a notice of proposed rulemaking and an interpretive bulletin meant to guide states as they create Employee Retirement Income Security Act (ERISA)-compliant programs that help more workers save for retirement.