by Kimbarley A. Williams New rules allowing employers to post retirement plan disclosures online or deliver them to employees by email or smartphone could save companies an estimated $3.2 billion in printing and mailing costs. The “Default Electronic Disclosure by Employee Pension Benefit Plans under ERISA”, which was released by the federal Department of […]Read More
by Kimbarley A. Williams and Crystal A. Skotedis The Setting Every Community Up for Retirement Enhancement Act of 2019, commonly known as the SECURE Act and passed in December, has the laudable goal of ensuring Americans don’t outlive their assets. From expanding who can participate in company 401(k) plans to allowing penalty-free distributions to cover […]Read More
by Crystal A. Skotedis Six months. That’s how much time passes before most cyberattacks are detected. Six weeks. That’s the time spent recovering from those attacks. Suddenly, a shadowy criminal consumes nearly eight months in the life of your business. If you have employee 401(k) plans, your business faces an even higher risk from hackers […]Read More
By Kimbarley A. Williams and Crystal A. Skotedis From retirement plan loan repayments to paid family and medical leave, and from moving expenses to parking, the 2017 Tax Cuts and Jobs Act (TCJA) features a host of changes to retirement plans and employee benefit programs that companies need to consider. In some cases, employers may […]Read More
Properly managing a company’s employee benefit plan typically falls on the HR department. Make sure your HR department isn’t making these five common mistakes.Read More
A company found itself in the IRS’ crosshairs – and hit with a $20,000 fine – because of an honest mistake by the human resources department over how wages were defined in the firm’s retirement plan.
It could have been worse.Read More