The Employer Handbook

OCTOBER 15, 2020

I’m going to be answering some of those hypothetical HR-compliance questions that you’ve been dying to ask on behalf of a friend. Yep, sure enough, in June 2016, the defendant hired a 35-year-old general manager at the facility at which the plaintiff worked. Aren’t you ready to retire?” The new sheriff in town.

Retirement 76

Retirement Wellness Discrimination ATS 76

Zenefits

MAY 16, 2022

To help California employees save for retirement, the state of California passed legislation requiring private sector employers in California to offer a qualified retirement plan. California’s retirement plan mandate: Background. California’s retirement plan mandate is mandatory only for employers.

Retirement 69

Retirement Planning Tools Background screening Payroll 69

HR Daily Advisor

SEPTEMBER 11, 2017

Retirement plan recordkeeping, trust, and custody fees—in a steep decline for years under pressure from sponsors, participants, federal regulations, and litigation—remained flat for the first time since 2010, according to a new survey. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

Retirement 46

Retirement Planning Tools Study Survey 46

Visier

NOVEMBER 12, 2015

Many companies are already setting lofty goals as a result of the call to action: For 2016, Pinterest aims to fill 30% of full-time engineering roles with women and 8% with people of underrepresented ethnic backgrounds. As baby boomers head into retirement, companies will face a huge shortage of skilled workers to replace them.

Diversity 150

Diversity Hiring Software HR Software Recruiting Software 150

Accurate Background

JUNE 11, 2021

2016) states that in a survey, “almost two-thirds of respondents had seen or experienced age discrimination, and more than 90% felt that age discrimination in the workplace today is somewhat or very common.”. Here are a few suggestions to ensure ADEA compliance: 6 Ways to Maintain ADEA Compliance.

Compliance 52

Compliance Hiring Software Bonuses and Incentives Discrimination 52

Ceridian

JUNE 8, 2017

We’re seeing momentum build around several areas of employment law, and during a recent webcast , I spoke about three: Paid Leave, Retirement Programs (“Auto-IRAs”) and fair scheduling. Sign up for the free webcast: Top Compliance Issues Every Employer Should Know. State Retirement (Auto-IRA). Paid Leave.

Employment Law 76

Employment Law Trends Retirement Hiring Software 76

HR Daily Advisor

NOVEMBER 22, 2016

The Internal Revenue Service (IRS) again left most annual threshold and benefit levels unchanged when it announced them for 2017 on October 27, 2016. Employers and retirement plan administrators can apply the new rates as they prepare their plans for next year and conduct nondiscrimination testing. Retirement Plans.

Retirement 40

Retirement Compensation Compliance Employee Benefits 40

HRWatchdog

JUNE 19, 2019

In 2016, the California Legislature passed a bill that laid the foundation for a state-run retirement plan, and in 2018, the final governing regulations were adopted. Eligible employers can begin to register for the CalSavers Retirement Savings Program (CalSavers) on July 1. Five or more employees must register by June 30, 2022.

Retirement 74

Retirement Employment Law Payroll Compliance 74

HR Daily Advisor

JULY 27, 2017

open-end mutual funds and exchange-traded funds (ETFs) published in late May found that, on average, investors paid lower fund expenses in 2016 than ever before. The asset-weighted average expense ratio across funds (excluding money market funds and funds of funds) was 0.57% in 2016, dropping from 0.61% in the previous year and 0.65% in 2013.

Retirement 46

Retirement Study Trends Report 46

HR Daily Advisor

APRIL 16, 2018

The Internal Revenue Service (IRS) said on April 5 that it may reopen its determination letter program to certain types of individually designed retirement plans, beyond the narrow set of circumstances in which such letters are currently available. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

Retirement 43

Retirement Compliance Resources Examples 43

HR Daily Advisor

DECEMBER 28, 2016

The Internal Revenue Service (IRS), in its first “Required Amendments (RA) List” on December 13, 2016, informed individually designed employer-sponsored retirement plans about required amendments for 2016 that may be needed to reflect changes and ensure the plans keep their qualified status. 642-A in The 401(k) Handbook.)

Planning Tools 43

Planning Tools Retirement HR Software Compliance 43

Visier

DECEMBER 14, 2017

Given the lack of evidence to prove that an increase in base pay wouldn’t work, the people experts were left with two unsatisfying choices: Acquiesce to the manager’s demand and put the company’s headcount budget at risk, or dig up a compliance-related reason for not raising base pay — and risk annoying the manager and his team.

Analytics 150

Analytics HR Software Retention and Turnover Hiring Software 150

Visier

SEPTEMBER 30, 2016

Given the lack of evidence to prove that an increase in base pay wouldn’t work, the people experts were left with two unsatisfying choices: Acquiesce to the manager’s demand and put the company’s headcount budget at risk, or dig up a compliance-related reason for not raising base pay — and risk annoying the manager and his team.

Analytics 150

Analytics HR Software Retention and Turnover Hiring Software 150

ForUsAll

AUGUST 16, 2018

Reporting Changes to the Retirement Plan. ERISA Compliance and Fees. The 401(k) SPD in More Detail: The SPD is one of the most important documents associated with your retirement benefit plan. Member responsibilities for their retirement benefit plan. When and in what form retirement benefits are paid.

Planning Tools 49

Planning Tools Compliance Hiring Software Retirement 49

HR Morning

MAY 20, 2016

The sheer complexity of changing federal regs as well as the impact of recent landmark court rulings on benefits plans make assessing health-plan compliance a critical task that HR pros need to put at the top of their to-do list. . For a sample health plan compliance assessment checklist, visit. In fact, ERISA attorney Daniel N.

Compliance 46

Compliance Retirement Discrimination Policies 46

HR Daily Advisor

APRIL 6, 2017

Overview of the 2016 Report. The 2016 report said that “[t]he issues faced by participants and plan sponsors who come to the Advocate for help raise the need for changes in the administrative practices adopted by PBGC that may have served the corporation well in its early years, but now need a fresh look.”. First, it applauds: Kudos.

Report 43

Report Retirement Case Study Compliance 43

Sage HRMS

MARCH 14, 2016

With this in mind, what changes were in store for FICA in 2016? There were only two adjustments for FICA rates and thresholds for 2016, according to the IRS. The former is important, since 2016 is a presidential election year. For those around retirement age, the means test remains the same. The more things change.

Retirement 40

Retirement Compensation Payroll Resources 40

Zenefits

AUGUST 17, 2020

Closing the retirement race gap. Closing the retirement race gap. When you lengthen the retirement age to get the full benefit, you’re putting a cut on the people who are going to die younger.”. Social scientists and policy analysts are discussing another income gap in this country — the retirement race gap. .

Hiring Software 68

Hiring Software Retirement System Policies 68

HRWatchdog

MAY 6, 2020

To help employers through these uncertain times, the California Secure Choice Retirement Savings Investment Board has extended the current deadline from June 30, 2020, to September 30, 2020, for employers with more than 100 employees to register with the CalSavers program. Roberts, Esq., Employment Law Counsel Subject Matter Expert.

Retirement 60

Retirement Employment Law Payroll Compliance 60

HR Daily Advisor

JULY 6, 2018

Automated features now standard for most employer-sponsored retirement plans helped bring about a record 8.3-percent Employer contributions measured by the firm included all types of employer money, such as matching contributions, discretionary contributions, and retirement contributions. percent in 2016. Rowe Price study.

Retirement 40

Retirement Report Compliance Trends 40

HR Daily Advisor

JULY 18, 2017

Periodic risk assessments, updated policies and procedures, and ongoing training are critical to HIPAA compliance, said Kathryn Bakich, senior vice president at Segal Consulting. Slaughter , JD, is a Senior Legal Editor for BLR’s Thompson HR products, focusing on benefits compliance. Minimizing HIPAA Privacy Liability.

HIPAA 47

HIPAA Assessment Software Compliance Policies 47

HR Daily Advisor

NOVEMBER 29, 2016

Department of Labor (DOL) has announced an update on compliance with employee benefit plan rules under the Employee Retirement Income Security Act (ERISA) for those adversely impacted. The counties also are referenced in IRS Announcement 2016-39. In light of the devastation following Hurricane Matthew, the U.S.

Employee Benefits 40

Employee Benefits Compliance Retirement Report 40

HR Daily Advisor

NOVEMBER 19, 2018

An MEP is a retirement benefit plan that is offered at the group level among a set of employers who share a commonality. MEPs are retirement plans formed by a group of employers. There is a bill proposed in congress, the Retirement Enhancement and Savings Act of 2018 (RESA) (S.2526 Let’s take a look at MEPs first. 2526 and H.R.

Retirement 70

Retirement Groups Compliance Wellness 70

Ceridian

OCTOBER 24, 2016

Let’s be honest: regardless of age, we all sometimes dream about retirement. Unfortunately, for a lot of Americans who aren’t eligible for retirement savings plans through their employer, those dreams are difficult to make a reality. By Julie Palmer, Technical Writing Manager, Ceridian. DOL Final Rule and the ERISA.

Retirement 40

Retirement Ceridian Payroll HR Planning 40

ForUsAll

MAY 8, 2019

Focused on the unique needs of the small business market, these 401(k) providers strive to make high-quality, low-cost retirement plans accessible to all – not just Fortune 500 companies. Ubiquity Retirement: Reviews, Media Endorsements, and More. So, the all-important question: who are the best 401(k) providers for small business?

Planning Tools 76

Planning Tools HR Software Retirement Guidelines 76

HR Daily Advisor

JANUARY 23, 2018

In its role as interpreter and enforcer of both the ADA and GINA, the EEOC has adopted guidelines to help determine whether participation in a wellness program is “voluntary” and therefore in compliance with the ADA and GINA. However, unlike HIPAA, the EEOC also applied the 30% cap to participatory wellness programs.

Wellness 61

Wellness Compliance Workable Discrimination 61

Semos Cloud

JULY 31, 2020

Retirement plan . Retirement plan is a great employee perk to offer , especially since a lot of specialists you will be looking for are in their late 30ies and 40ies. By that age , they have probably realized how important a good retirement plan can be. . You must ensure compliance with your state and national laws.

Employee Appreciation 98

Employee Appreciation Wage and Hour Training HR Software Employee Recognition 98

Guideline

JULY 1, 2019

This guide explains everything from the different 401(k) compliance tests to what you’ll need to do to set up a Safe Harbor plan. You probably already know that offering a 401(k) makes it easier for employees at your company to save more for retirement. It’s a little involved, though, so let’s start with some background information.

Retirement 75

Retirement ADP Compensation Background screening 75

HR Daily Advisor

JANUARY 15, 2018

The Internal Revenue Service (IRS) gave some larger-asset employer-sponsored retirement plans an unexpected break on Voluntary Correction Program (VCP) user fees in its first Internal Revenue Bulletin (IRB) of 2018, issued January 2. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

Retirement 47

Retirement Compliance Immedis Examples 47

HR Daily Advisor

APRIL 5, 2018

The Internal Revenue Service (IRS) is lowering back to 2017’s level the fee it charges for applications seeking determination letters for terminating retirement plans, the agency announced on March 14. See, IRS 2016 Required Amendments List Gives First Guidance on Changes Needed to Retain Qualification.). In Revenue Procedure (Rev.

Retirement 40

Retirement Compliance Meeting 40

HR Daily Advisor

MARCH 3, 2017

In a determination letter, the IRS rules on a retirement plan’s qualification after reviewing the employer’s plan and other documents and information. 2016-37 issued in late June 2016. Many in the retirement plan community see the changes as encouraging standardized and simpler preapproved plans. The guidance on Rev.

Planning Tools 40

Planning Tools Retirement HR Software Compliance 40

HR Daily Advisor

JANUARY 15, 2018

Strong market returns and larger-than-expected employer contributions shored up the funded status of the United States’ largest corporate pension plans modestly at the end of 2017, compared with the end of 2016, according to an analysis released January 2 by consulting firm Willis Towers Watson. trillion at the end of 2016 to an estimated $1.43

Study 43

Study Analysis Retirement Strategy 43

HR Daily Advisor

JUNE 15, 2017

Single-premium pension buyout sales as part of the “derisking” of defined benefit (DB) retirement plans for the first quarter rose 31% from the same period in 2016, totaling $1.4 billion—the highest first-quarter results in 15 years, according to the LIMRA Secure Retirement Institute. billion for all of 2016.

Data 43

Data Retirement ATS Groups 43

HR Daily Advisor

JANUARY 24, 2017

Department of Labor (DOL), in late December 2016, reinstated earlier guidance on proxy voting for plan fiduciaries that encourages them to “responsibly” exercise their rights as shareholders. The new Interpretive Bulletin withdrew IB 2008-2 and brings back earlier guidance related to plans’ proxy voting. 2015 Reversal on ESG Factors.

Exercises 40

Exercises Retirement Employee Benefits Trends 40

HR Daily Advisor

NOVEMBER 20, 2017

Multiemployer retirement plans’ funding in the first half of 2017 neared its best position since the market collapse of 2008, according to a new study by the actuarial consulting firm Milliman. multiemployer defined benefit (DB) plans from December 31, 2016, to June 30, 2017.

Planning Tools 43

Planning Tools Study Retirement HR Software 43

HR Daily Advisor

APRIL 19, 2017

Most defined contribution retirement plan participants who are reenrolled in a plan’s default fund remain in that investment a year later, with only a few partially opting out, a recent Vanguard case study of reenrollment found. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

Study 46

Study Case Study Retirement Immedis 46

HR Daily Advisor

AUGUST 22, 2017

The proposed amendments would delay transition and enforcement of the rule from taking effect on January 1, 2018, which likely will be welcomed by most retirement plan sponsors, asset managers, and service providers, as well as insurance companies that offer annuities. Acosta (No. 16-cv-03289-SRN-DTS). OMB Review.

Retirement 43

Retirement Compliance Employee Benefits Meeting 43