Practical HR Tips, News & Advice. Updated Daily.
Unlike summer blockbuster movies with a large cast of key characters, benefit plan documentation has just three: the plan document under the Employee Retirement Income Security Act (ERISA), the summary plan description (SPD), and the Internal Revenue Code Section 125 cafeteria plan document.
Are you offering Millennials opportunities to grow and learn in your organization? If not, perhaps you should be, according to the results of a recent survey.
The summary of benefits and coverage (SBC), maximum out-of-pocket limits (MOOPs), and a rule on “nondiscrimination in health programs” were among the problem areas most frequently cited by employer groups in suggesting administrative changes to Affordable Care Act (ACA) implementation.
Uber built a name for itself as the company that overhauled and uprooted the traditional taxi industry. The rapid rise and success of Uber made it a household name with companies vying to be the “Uber of X” in their industry and while companies want to copy the business model, there’s one thing no one […]
In April, the Internal Revenue Service (IRS) published guidance clarifying the definition of highly compensated employees (HCEs), a key concept for nondiscrimination testing of both retirement plans and cafeteria plans.
Caregiving ranks among the top 10 employee health and wellness benefits priorities for most employers, says a new survey by Northeast Business Group on Health (NEBGH) in collaboration with AARP. Furthermore, among employers who say caregiving is not a top priority, most are aware of the issue but unable to address it. More than three-quarters […]
For many HR professionals, Family and Medical Leave Act (FMLA) administration is near—or at—the top of the list of most-hated-things-about-the-job. And given that the law is confusing and burdensome and nitpicky, it’s no wonder.
Today’s growing business is facing increasing pressure to expand internationally—whether that is to meet demand from customers overseas, to test new markets, or to tap the worldwide pool of talent to strengthen their broader operation.
In addition to making sure Consolidated Omnibus Budget Reconciliation Act (COBRA) election notices are sent to qualified beneficiaries on a timely basis, employers and plan administrators should ensure that the notices’ content satisfies the COBRA regulations. They should consider using the model COBRA election notice published by the U.S. Department of Labor (DOL), which considers […]
Nothing ever “dies” online. Once it’s out there, people will be able to access it forever; no matter how hard you try to remove it, there will always be some cached form living in obscurity online. Recently, an employer learned this firsthand, as a job fair posting from 2015 came back to life and attracted […]