IRS Updates Guidance on Rollover Safe Harbor Notices; VCP to Go Paperless In 2019
The Internal Revenue Service (IRS) in late September announced two updates to procedures that plan sponsors and their service providers should note.
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Reasonable Accommodations in Job Interviews
Question Are we required to provide American Sign Language (ASL) or English-language interpreters for candidates in job interviews? If so, who pays? Answer Not necessarily, but you are required to reasonably accommodate candidates with disabilities, including candidates who are deaf. Reasonable accommodations can include sign language interpreters but can also include written materials produced in […]
Anatomy of an Action Item
In previous posts, we’ve discussed the importance of meeting minutes as well as the elements that should be included in meeting minutes. One item, in particular, we noted as important is action items. There are many ways to document action items, but we recommend using a consistent structure in a table format to make sure […]
Candidates Want Companies that Align with Their Political Beliefs
The political landscape over the last 2 years has changed drastically, and it doesn’t appear to be letting up any time soon. Are you letting your political affiliation cloud your judgment when it comes to hiring candidates? You may not be, but potential candidates are—as 58% of respondents in a new survey would not interview […]
Road Map to Creating Human-Digital Workforce Balance
Automation has the potential to battle workplace dissatisfaction. We hear a lot about “quiet quitting” and “acting your wage,” or doing the bare minimum at your job without leaving. At the annual World Economic Forum, one panel expert said quiet quitting is the natural sequel to the Great Resignation and that if you want people to […]
Video: Business Readiness Tools to Prepare Your Team for ‘What’s Next’
How can you get your workforce onboard with changes in the workplace that they need to embrace in order to maximize their potential and productivity? How do you bypass the “ego”—the part in all of us that rears its head when confronted with change by resisting and saying things like “this will never work”? Speaking […]
Biden Admin Issuing Salary Rules to Eliminate Gender, Racial Gaps
On January 29, 2024, the Biden administration announced two new measures aimed at eliminating gender and racial gaps in average earnings among employees of the federal government and federal contractors. Details First, the Biden administration has directed the Office of Personnel Management (OPM) to issue a final rule prohibiting the use of nonfederal salary history […]
Don’t Wait for Full Implementation of New DOL Fiduciary Rule to Understand It
With the new U.S. Department of Labor (DOL) fiduciary rule in effect, and the phased implementation and extended transition period set, it is reasonable to imagine that all members of the retirement plans community have been refreshing their understanding of the fiduciary duties tied to plan administration.
Creating Accurate Job Descriptions
by Stephen J. Stine Whether your workforce is 20 or 10,020, any organization will benefit from drafting accurate job descriptions. Drafting effective and accurate job descriptions in an employment agreement will save you and your employees unnecessary confusion. It also will help ensure that all duties of the job are assigned efficiently. Audio Conference: Essential […]
Retirement Plan Advice—What Every Plan Sponsor Should Know
By Larry Karle, Longfellow Benefits While the market crash of 2008 is in the rearview mirror for many participants and plan sponsors alike, the bitter taste that was left due to many people suffering significant hits to the values of their retirement savings and their 401(k) balances remains to this day. In some instances, participants […]