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Defined benefit (DB) retirement plan sponsors with restated preapproved plan documents that were part of the latest Internal Revenue Service (IRS) 6-year remedial amendment cycle can benefit from some of the lessons learned by other sponsors that have completed the defined contribution (DC) cycle.
With unemployment rates inching ever lower, employers are becoming more and more concerned with employee retention. Vacancies are getting tougher to fill, making it even more of a concern when an employee leaves.
Paid leave can be any type of leave that an employer offers to employees with pay. It includes things like sick days and vacation days, but most of the time when we’re discussing “paid leave,” the context is leave that goes beyond the standard paid time off (PTO) plan.
Hub International Limited (Hub), a global insurance brokerage, released the results of its third annual employee benefits study, Employee Benefits Barometer 2018: New Research Reveals the Business Value of Strategic Benefits Planning, which examines the complexities of managing benefits and the value of multi-year planning to better position Human Resources as business strategists to the […]
It has never been more important to keep up with the recent trends surrounding employee benefits. After all, employee benefits are not as simple as a 401(k) plan and a healthcare plan anymore. Businesses are expanding their employee benefits and offering more resources every year. For the companies that want to improve employee retention and […]
Instead of differentiating between maternity leave and leave for new fathers, some companies are implementing gender-blind time off for new parents.
The recent regulations on association health plans (AHPs) would make it easier for employers to provide cost-effective health coverage in a variety of situations, according to comments from a major plan sponsor organization. Other stakeholders, however, worry that AHP expansion might open the door to widespread fraud.
The Internal Revenue Service (IRS) intends to issue opinion and advisory letters for some preapproved defined benefit (DB) pension plans restated for changes in plan qualification requirements, the IRS announced March 9.
A pair of recent studies suggest that high-deductible health plans (HDHPs) paired with health savings accounts (HSAs) will not displace more traditional plan designs to the extent once predicted.
When someone says family or family-friendly benefits, you usually think of health insurance, paid time off, flexible hours, and childcare assistance.