Practical HR Tips, News & Advice. Updated Daily.
A hospital company accused of using participant funds to pay “excessive fees” for retirement plan administration services agreed to a $32 million class-action settlement and extensive adjustments in the way it selects and reviews the plan’s portfolio. As more participant suits are filed accusing defined contribution plans of overpaying for investment and administration services, it’s […]
Insurance is one of the most common employee benefits employers opt to use to entice top talent to their organization. One such example is life insurance. It’s often quite affordable to provide because employers can get group discounts that are unavailable to individuals acting alone. Therefore, it provides coverage for employees at a lower premium […]
Not every company has a formal name for it, but every organization that hires employees has to have an idea of what they’re willing and able to pay those employees. Pay and benefits may be determined ad hoc in many organizations, but there are actually a lot of benefits to creating a more formal structure […]
According to new research conducted by the Employee Benefit Research Institute (EBRI), owners of individual retirement accounts (IRAs) increased their stock equity allocations in 2013—the most recent year for which data are available—as compared with the three years prior.
Despite the healthcare reforms implemented under the federal Patient Protection and Affordable Care Act, 90% of employers are facing increases in the premiums they pay for employee health plans. And nearly 25% of employers are seeing rate increases in the double digits says a new survey by Arthur J. Gallagher & Company.
What are the ERISA Health and Welfare Benefit reporting requirements that apply to a small employer (less than 25 employees) with a fully insured group plan?
“Millennials are becoming the largest demographic in the U.S. Workforce—about one third of all workers—so it’s critical for employers to understand how to attract and retain Millennial talent,” said John Burke, senior vice president and chief culture officer, Staples, Inc. “Our Workplace Index found that contrary to popular belief, salary is important to Millennials, just […]
Question: How can an employer engage employees in the company’s success, give themselves a competitive position in the battle for new and existing employees, and at the same time, facilitate the sale of the company to a group of trusted, motivated people?
Large employers with 200 and more employees will not have to automatically enroll their workforces into health plans, under budget legislation signed by President Obama. This Affordable Care Act provision was repealed because it was a low government priority and because business objected to it. Rules explaining the provision were never issued and it never took […]
By Sharon McKnight, CCP, SPHR Recognition programs award employees for past behavior rather than drive future behavior and, as a general rule, have no predetermined goals or performance levels that employees are required to achieve. Also, they’re usually budgeted at the organizational level instead of being budgeted by individual departments and focus more on recognizing […]