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.
Category: Benefits and Compensation
This topic provides guidance on how to handle compensation issues in a way that attracts and retains the best talent and advances the strategic goals of your business. You get news and tips on what’s going on nationally and in the states, and updates on changes in regulations, possible governmental action, and emerging compensation trends.
Employee Education & Personalization Are Keys to Success of your Benefits
A struggle many employers face is deriving the most value from their benefits investments and encouraging employee participation in company health and wellness programs. At a fundamental level, most employers offer similar benefits and, when put side by side, they can often add up to as many as 67 individual services or programs for employees […]
Is Too Much Screen Time a Problem for Your Employees’ Wellness?
According to a Nielsen study parsed by CNN, American adults spend nearly 11 hours a day on average staring at a screen, and most of that screen time occurs while they’re at work. And yes, this can cause many problems for employees, their health and wellness, and their overall work performance. Continue reading to learn […]
Performance of 401(K) Plans And Sponsors’ Profitability May Be Correlated
We recently reported that employer-sponsored 401(k) plans with above-average performance criteria are likely to be offered by companies that have 20-percent to 80-percent higher corporate profitability than companies with average-rated plans. This was all according to new T. Rowe Price research. Today we have new analysis of that report by our Benefits Editor, Jane Meacham.
Flexible Scheduling: Great for Attraction, Retention, and Productivity
More companies are quickly realizing that candidates and employees, alike, are looking for a better work/life balance. One way to do this is by offering flexible schedules and according to one survey, flexible scheduling leads to more productive workers. A win-win for all!
Apple Incorporates On-Site Wellness Centers
While wages remain the primary factor for most employees in determining whether to stay at their current job or look elsewhere for employment opportunities, other factors strongly impact employee satisfaction as well. Flexible hours, vacation time, and company culture can all impact an employer’s desirability in the minds of employees and potential employees.
Business Owner Tax Deductions and the Tax Cuts and Jobs Act of 2017
In part 1 of this article we began to explore the effect that the Tax Cuts and Jobs Act of 2017 (TCJA) has on personal tax deduction for business owners. Today we are going to explore reporting requirements for Relevant Passthrough Entities (RPEs) as well as some timing considerations.
Shrinking the Student Loan Debt: Let’s Start at Work
Employees in every industry are burdened with student loan debt. According to the latest Federal Reserve data, Americans carry over $1.5 trillion in student loans. The amount continues to grow every quarter. PricewaterhouseCoopers’ 2018 Employee Financial Wellness Survey revealed that 54% of employees are stressed about their finances, and 64% are impacted by student loans. […]
Do Better 401(k) Plans Equal a Better Bottom Line?
We know a well managed 401(k) can help employees plan for retirement, but what do 401(k)’s do for employers? New research shows it might just be helping their bottom line.
Business’s Retirement Plan Tax Deduction Can Increase Owners’ Personal Tax Deductions
Retirement plans always have been an excellent vehicle for creating current tax deductions for businesses. For a business that passes through income to its owners, the business’s retirement plan often is designed to reduce each owner’s personal taxable income by a share of the retirement plan’s contributions.