Q&A: How Can HR Start Outsourcing?
How do you decide if you should outsource your benefits administration? If you do decide to go that direction, how do you get started?
Tag: benefits
Benefits Trend: Employer-Provided Professional Certifications
For some roles, like human resources, specific credentials are required—think Professional in Human Resources (PHR) or Senior Professional in Human Resources (SPHR). For some industries, like finance and accounting, professionals need certifications that show they’re licensed to offer the services in those industries—for example, a Certified Fraud Examiner (CFE) working with banks and lenders.
GAO Calls for Clarification on Tax Treatment of Unclaimed 401(K) Savings Transferred to States
The federal government should take steps to clarify whether millions of dollars of retirement savings transfers to states from employer-based plans such as 401(k)s constitute reportable and taxable distributions, according to a report by the Government Accountability Office (GAO).
Q&A: Why Should HR Consider Outsourcing HR Benefits Administration?
Deciding when it’s time to abandon in-house processes in favor of outsourced assistance can be very challenging, especially when it comes to HR benefits administration.
Planning for 2020: What Benefits Will Attract Talent in the Future?
I know, we just entered 2019, and already I’m forcing you to think about 2020, but for good reason! As the Boy Scouts say, “be prepared,” and when it comes to your benefits offerings, you’re definitely going to want to plan way ahead to attract talent in 2020.
IRS Reverses Itself Again to Permit DB Plan Sponsors to Offer Retiree Lump-Sum Windows
Defined benefit (DB) plan sponsors received another “derisking” tool in early March when the Internal Revenue Service (IRS) and U.S. Treasury Department unexpectedly reversed course on retiree lump-sum payouts.
Why Consumer-Directed Healthcare Communication Is More Important Than Ever
If you missed a paycheck, how much would that threaten your family’s financial situation? That’s the question that became a reality for hundreds of thousands of federal workers in the most recent government shutdown. Unexpectedly, the shutdown highlighted a massive issue in American life: most working professionals—even federal workers—are living paycheck to paycheck and need […]
Are Your Participant Education Programs Failing?
Many 401(k) plan sponsors seek to reduce their potential fiduciary liability by electing to be a Section 404(c) plan. Under Employee Retirement Income Security Act (ERISA) Section 404(c), a fiduciary is not liable for losses in the plan resulting from the participant’s selection of investments in his or her own account, provided that the participant […]
Innovative Approaches to Attracting Talent
It is no secret that there is a “war for talent” in the business world to attract the best and the brightest. As this fight continues, and although some of the same best practices we have known for decades still apply, there are other cool, innovative approaches that organizations have successfully used in ensuring the […]
Paycheck Fairness Act 101
Even with the passing of the Equal Pay Act of 1963, paycheck inequality remains a problematic issue in today’s workplace. There are a lot of reasons behind this—some more objective and obvious, and some more subtle—but the fact remains that pay has not equalized despite that law passing more than 50 years ago.