IRS Raises Several Annual Retirement Plan Limits for 2019
For 2019, the Internal Revenue Service (IRS) is raising most of the annual threshold and benefit levels that apply to retirement plans, the IRS announced on November 1.
Tag: benefits
Leveraging Paid Volunteer Opportunities to Attract Gen Z and Millennials
As Generation Z (those generally born between 1995 and 2010) begin to enter the workplace, they’ll truly shine when they’re offered opportunities to give back to their communities and causes they care about. And Millennials also excel at work when they’re offered opportunities to give back and help others.
What Is the Strengthening Financial Security Through Short-Term Savings Accounts Act of 2018?
The Strengthening Financial Security Through Short-Term Savings Accounts Act of 2018 is a bill introduced in the Senate in July 2018 (S. 3218). It proposes, in short, to “allow employers to offer short-term savings accounts with automatic contribution arrangements for financial emergencies.”[i] This bill has only been introduced; it has been referred to committee, and […]
Appellate Court Affirms That Divorce Retirement Assets Aren’t Protected
A federal appeals court upheld an earlier ruling that 401(k) plan and individual retirement account (IRA) assets acquired by an ex-spouse in a divorce proceeding aren’t retirement funds protected by federal law from bankruptcy creditors. The case is Brian A. Lerbakken, Debtor-Appellant v. Sieloff and Associates, No. 18-6018 (Bankr. 8th Cir., Oct. 16, 2018).
Small Businesses Attracting Talent with Better Benefits, Study Says
Larger organizations have already been using the lure of better benefits to attract candidates. A new study shows that small businesses are joining the fray of the talent war by rolling out the best benefits they can muster.
PBGC Makes Scheduled Premium Increase for 2019, Raises Guarantee Limits 3.5% for New Year
The U.S. Pension Benefit Guaranty Corp. (PBGC) on October 19 announced that its premiums for single-employer defined benefit (DB) retirement plans will increase to $80 in 2019, from $74 in 2018. This is the last of the scheduled annual flat per-participant increases in single-employer DB plan premiums brought about by the Bipartisan Budget Act (BBA) […]
DOL Proposes Eased Restrictions on Open Multiple-Employer Plans for Small Businesses
The U.S. Department of Labor (DOL) on October 22 released its proposal easing restrictions on open multiple-employer plans (MEPs) to encourage more small businesses to offer defined contribution (DC) retirement plans to their employees.
Trump Administration Proposes Expanding HRA Use
Federal regulators have proposed allowing employers to sponsor health reimbursement arrangements (HRAs) for their employees to go purchase health coverage on the individual market—a practice that is currently prohibited under the Affordable Care Act (ACA).
DOL Proposal Can Help Small Employers Offer Retirement Plans, But Risks Remain
The U.S. Department of Labor (DOL) is proposing a mechanism to help small businesses offer retirement plans to their employees, but although the proposal may ease the way for some employers, it doesn’t eliminate all complications.
Travel and Relocation Preferences Are Shaping Candidate Decisions
When it comes to finding employees, location often crops up as a challenge for recruiters, talent executives, and hiring managers. Specifically, when it comes to sourcing top talent who may happen to live on the opposite side of the city, or in another state altogether. How big of an obstacle is it? And what effect […]