Tag: benefits

EEOC Urged to Align Wellness Standards With HIPAA/ACA Rules

The U.S. Equal Employment Opportunity Commission’s failure thus far to issue clear guidance on permissible wellness incentives threatens to undermine employers’ development of wellness programs at a time when their importance is growing, business groups warned the EEOC at a May 8 hearing. “We urge you to recognize the comprehensive regulatory framework that already exists” […]

Training & Development Survey Results–How Do You Compare?

Top compliance training topics for employees are new hire orientation (79%), sexual harassment (75%), and discrimination (69%). For professional development training for employees, job-related skills leads the list (73%), followed by communication (66%), customer service skills (59%), team building (49%), computer skills (46%), and time management (36%). The survey also covered: HR’s Role in Training […]

DOL Seeking Comments on Lifetime Income Proposal for Retirement Plans

Regulatory guidance is closer to fruition that may help 401(k) and 403(b) plan sponsors better educate plan participants on lifetime income options, and may allay their concerns about the expense and legal risk of doing so. On May 8, the U.S. Department of Labor’s Employee Benefits Security Administration issued an advance notice of proposed rulemaking […]

Expanded Worker Classification Relief Program Available Until June 30

Is your company considering reclassifying certain workers from now on, but hesitant because it is worried about triggering a federal employment tax audit or having not consistently filed Forms 1099 for those workers in the past? If you answered “yes,” then the IRS’ Temporary Expanded Voluntary Classification Settlement Program may interest you, but you must […]

DOL Issues Model Notice/Guidance on Exchange Options, also Updates COBRA Election Notice

Employers wanting to get an early start on providing a required notice to employees of coverage options under health insurance exchanges just got some help from the federal government. On May 8, the U.S. Department of Labor issued a model notice for employers may use now — but must use beginning Oct. 1, 2013. The […]

Performance Appraisals 2013–What’s Happening in the Real World?

Please participate in our brief survey and see how what you are doing stacks up against what other successful companies are doing. We’ll get answers to these questions and more: What do your performance appraisals measure? Which employee groups receive what types of appraisals? Do you use performance management software? If so, what software really […]

Asset Rallies May Not Stem Soaring Pension Liabilities, Report Says

If it seemed to you that investment and funding decisions for your defined benefit plan in 2012 were at odds with each other, you weren’t alone. In its annual report on DB plans, global employee benefits consultant Towers Watson says that in 2012, once again there were many investment contradictions for U.S. DB plan sponsors: […]

Retirement Industry Counters ‘Frontline’ Accusations With Data

Education is often the best antidote to negative news about 401(k) plans. With this in mind, several retirement industry spokesmen have provided statistics to defend retirement plan management practices after the recent airing of a TV documentary that may have concerned some 401(k) participants. The U.S. retirement investment community was quick to react to the […]

New Reform Rules Give More Guidance on Minimum Value Coverage

Determining whether group health coverage provides “minimum value” is key to avoiding penalties under health reform’s premium tax credit program, so employers will likely welcome new proposed rules that further explain MV criteria. The proposal, to be published May 3 by IRS, would complement language in final rules issued in February on how reform’s MV […]