Nevada Supreme Court Clears Up Wage-Benefits Question
The Nevada Supreme Court has issued an order clarifying when employers are justified in paying the lower tier of the state’s two-tiered minimum wage law.
Tag: benefits
Plan Sponsors Must Now Analyze 401(k) Plan Administration (Part 1)
When the Tax Cuts and Jobs Act (TCJA) was signed into law December 22, 2017, several proposed changes to the federal tax code that would have affected tax-qualified retirement plans were dropped. However, some of those changes were brought back as part of the Bipartisan Budget Act of 2018 enacted in early February of this […]
It’s Time for Employers to Rethink the 9-5
Imagine you had two extra hours today to spend however you pleased. What would you do with that time? Play with your kids? Work out at the gym? Sleep? For many of the nurses in a recent Swedish study, the answer was all of the above. The 23-month experiment followed 68 nurses who were divided […]
Telecommuting: Not Everyone Wants to Work from Home
Despite the shift toward a more flexible workplace, a new survey finds a majority of U.S. employees prefers going to the office.
4 Ways to Pay for a Financial Wellness Program
More and more companies are adding workplace financial wellness programs – and for good reason. Employees who aren’t worrying about financial problems on the job tend to be more focused, productive workers. A new survey says 83% of employers now offer financial wellness programs (up 20% from two years ago), and 14% plan on offering […]
New DOL Guidance Sounds Cautionary Tone on ESG Considerations for Retirement Plans
The Department of Labor (DOL)’s latest pronouncement on factoring in environmental, social, and governance (ESG) elements when making retirement plan investments was interpreted by many in the industry as another in a series of presidential administration swings on the extent to which plan fiduciaries can consider collateral benefits beyond investment returns.
Fixing Benefits Programs Increases Engagement
Organizations continue to focus on helping employees improve their overall well-being, which in turn can positively impact productivity and costs. The key to realizing the value of this focus is an engaged population, yet despite best intentions and large investments, many employers still face low benefits utilization.
An Internal Plan Audit Team Essential for Anticipating Changes
Ensuring that an employer’s 401(k) plan is being administered in accordance with its terms and applicable law is a fundamental fiduciary responsibility. This includes complying with the Internal Revenue Code, the Employee Retirement Income Security Act (ERISA), and the regulations under both.
Undocumented Workers are Entitled to Limited Workers’ Comp Benefits
It may come as a surprise to some employers, but undocumented workers who are injured on the job are entitled to workers’ compensation benefits, at least in New Mexico. However, there’s an important exception that applies to all employers.
Entry-Level Jobs Expected to Net College Grads Over $53,000 in Annual Salaries
According to iCIMS Chief Marketing Officer, Susan Vitale—in a recent RecruitCon 2018 session—81% of college seniors said they would be willing to accept a full‐time job in a field unrelated to their college major. With salary expectations for entry-level positions on the rise, college graduates may have to end up settling for a position outside […]