Tag: benefits

T. Rowe Price Reports 401(K) Plan Loan Usage Drops To 9-Year Low

The use of 401(k) plan loans in 2018 fell to a 9-year low of 22.5% of participants and continued a steady 6-year decline of nearly 10 percentage points, investment management firm T. Rowe Price said on May 1, drawing on data gathered from nearly 2 million participants for its annual benchmarking report.

Salary Negotiations: An Employer’s Perspective

At the end of a hiring process, the final step is sending an offer letter to the potential candidate with the hope of them accepting it. Unfortunately, some hiring managers end up receiving a different answer, a counter offer.

New Mandatory Electronic VCP Submissions Add to IRS Online Filings

In 2008, the Internal Revenue Service (IRS) established a voluntary program aimed at retirement plan sponsors and administrators to encourage correction and resolution of plan document or operational failures as soon as they are discovered. The Employee Plans Compliance Resolution System, or “EPCRS” as it is most often called, stresses the importance of established administrative […]

Are Employees Putting Their Health and Wealth in the Parking Lot?

Most of us have heard of the “parking lot” in business—the place where ideas not pertinent to a discussion get moved. With the perceived complexity of the health and wealth landscape, as well as the challenges facing employees for the long haul, it’s no surprise that many consumers are moving their health and wealth to […]

Small Business Struggle to Offer Benefits for Talent Attraction

In a recent Recruiting Daily Advisor survey, respondents were asked which types of benefits they use to attract talent. It should come as no surprise that a majority offer health insurance (92%), dental insurance (86%), paid time off (85%), life insurance (83%), and retirement benefits (81%) as a way to get candidates in the door. […]

Do You Provide Disability Insurance?

Does your organization provide short- and long-term disability insurance for employees? If not, is this something the organization has considered adding to your benefit package?