Millennials Are All About the Benefits—But the Details? Not So Much
Millennials now represent the largest segment of the U.S. labor force, and they have strong feelings about the compensation and other benefits they expect their employers to offer.
Tag: benefits
As DOL Steps Up Health Plan Audits, Preparation and Documentation Are Critical
As the U.S. Department of Labor’s (DOL) benefits portfolio has swollen with the implementation of healthcare reform, wellness rules, and other mandates, the agency’s health plan audits have become more frequent, comprehensive, and fraught with pitfalls for plan sponsors and fiduciaries.
The Complex Intersection of Medicare and COBRA: Some Helpful Guidelines
Remember those old Reese’s peanut butter cup commercials? Chocolate and peanut butter … two great tastes that taste great together.
Social Security Wage Base Limit Raised to $127,200
The maximum wage base for Social Security tax will be $127,200 in 2017, up from $118,500 in 2016, the U.S. Social Security Administration (SSA) announced October 18.
Double-Digit Prescription Drug Benefit Cost Increases in 2017?
Prescription drug benefit cost trends for active populations continue to increase at double-digit rates, according to forecasts by The Segal Group, a private consulting firm.
DOL Sues ESOP Fiduciaries for Failing to Protect Plan Assets
The U.S. Department of Labor (DOL) has filed a lawsuit against the fiduciaries of a Virginia-based employee stock ownership plan (ESOP), alleging the defendants failed to protect the assets of the plan as it purchased nearly $21 million in company shares from the president of Sentry Equipment Erectors Inc., who was also a trustee of […]
Trump Targets ACA for Repeal, but It’s Still There for Now
Repealing the Affordable Care Act (ACA), long a Republican priority, is unsurprisingly at the center of President-elect Trump’s healthcare agenda. But don’t throw out those 1095-C’s just yet.
Are Your Employees’ Student Loans Hurting Their Ability to Save for Retirement?
While student loans can be a drain on short-term finances, a new survey from Aon Hewitt, the global talent, retirement, and health solutions business of Aon plc, reveals that workers with student loans can also potentially feel the strain into their retirement years.
Open Enrollment: How to Get the Most Out of It
By Bryan O’Malley, workplace expert at Care@Work and general manager of payments at Care.com Open enrollment season is upon us, which means HR leaders everywhere are striving to make sure their employees are well informed enough to make the best choices about their benefits.
Employers Highlight Telecommuting, Other Leave Management Trends in New Survey
Lockton—a consulting services company—has released its third annual “Human Resources Trends: A Spotlight on Absence Management” survey. The survey highlights the many challenges—and opportunities—facing employers across the United States.