Practical HR Tips, News & Advice. Updated Daily.
The U.S. Department of Labor (DOL) has issued new guidance regarding economically targeted investments (ETIs) made by retirement plans covered by the Employee Retirement Income Security Act. ETIs are investments that are selected for the benefits they create in addition to the investment return to the employee benefit plan investor.
By Keith Soranno, Keas More than half of the U.S. population accesses health benefits via employer provided-benefit plans, and employers collectively spend over a trillion dollars providing them. A significant amount of this money has been wasted due to poor utilization and a lack of understanding by employees on how to effectively utilize these benefits. […]
A Puerto Rico health insurer agreed to pay $3.5 million in a HIPAA settlement after the U.S. Department of Health and Human Services, investigating multiple breach reports from the company, found what it called “widespread noncompliance” throughout the organization. Triple-S Management Corp. is an insurance holding company that offers many insurance products and services through […]
By Todd Castleton Another recent court dispute among would-be beneficiaries highlights the options facing retirement plan administrators when distributing a deceased participant’s benefit. If two or more parties are claiming to be the rightful beneficiary of a deceased participant’s benefit, one option is to review all the facts and make a determination applying the plan’s terms through […]
In yesterday’s Advisor we discussed the history of the 8-hour workday and some beliefs about how it might be modified with great success. Today we’ll look at the potential benefits of the 6-hour workday.
We are trying to determine our PTO policy for rehires. What are our options? Also, employers can choose how to treat PTO accrual in rehire situations, so long as we are consistent, correct?
The Holiday Gift Check Program announced the addition of a ham to the purchase items for the holiday gift checks provided to employers interested in giving their employees a welcome gift during the holidays as a sign of their appreciation.
For the fifth year in a row, employers will hold per-employee health benefit cost growth to under 5%, according to a new survey of more than 1,200 employers conducted by Mercer.
The Cadillac Tax is coming, and you need to make some decisions. One of the most controversial provisions of the Affordable Care Act (ACA), the Cadillac Tax, is an excise tax on “rich” health insurance benefits. As of 2018 when the tax begins, “rich” means a value that exceeds $10,200 for self-only and $27,500 for […]
Employers that purchase small group coverage that is federally regulated under the Affordable Care Act will have additional assurances that their plan members will not be balance billed in certain situations, under proposed rules issued in pre-publication form on Nov. 22. The rule also plans for the adoption of network adequacy provisions to compensate for […]