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.

Changes to Forms 5500 Ring in the New, Keep Some of the Old

Preparing employer benefit plans’ annual filings to federal agencies can be detailed and time-consuming. A review of recent changes to the 2014 Form 5500 series indicates this process could become even more laborious for some plans, as the government seeks more data disclosure. The Form 5500 is used by multiple government agencies (the U.S. Department […]

High Court Opinion Vacates 6th Cir. Ruling on Retiree Health

On Jan. 26, U.S. Supreme Court handed a victory to employers struggling to get retiree health care costs under control. A unanimous ruling in M&G Polymers USA v. Tackett, No. 13-1010 (Sup.Ct., Jan. 26, 2015), vacated the 6th U.S. Circuit Court of Appeals decision in Tackett.  In doing so, the High Court criticized 6th Circuit […]

Few Will Benefit from Retroactive Increase in Transit Exclusion

Only a limited number of employees may benefit from federal legislation that retroactively extended parity between qualified parking and transit benefits, based on new IRS guidance. Notice 2015-2 instructs employers on applying a retroactive tax exclusion to commuters who used part of their 2014 salary to pay for mass transit commuting expenses or received a […]

Telecommuting—Top 10 Tips for Success

Would (or does) telecommuting work for you? Yahoo® and Best Buy® curbed it; meanwhile, Cisco® reported it improved retention and saved $277 million. In today’s Advisor, attorneys Deanna Brinkerhoff and Cathleen Yonahara offer ten practical tips for your telecommuting program.

Implant Charges Seen as Ripe for Health Plan Cost Control

Implants — spinal fusion; as well as hip, knee and shoulder replacements — have emerged as major price problems today. Costs are up and so is utilization, which explains the cost surge health plans are undergoing for these procedures, according to three attorneys from The Phia Group in Braintree, Mass., who spoke in a Jan. […]

How Can You Fix Engagement?

In yesterday’s Advisor, Nicole Price suggested that engagement must be paired with personal accountability; today, some of her tips for effectively driving engagement forward.