Practical HR Tips, News & Advice. Updated Daily.
The second half of 2017 brought devastating hurricanes to several areas of the Southern U.S. and Puerto Rico. In recognition of Hurricanes Harvey, Irma, and Maria, the U.S. Congress provided for both retirement plan hardship distribution tax relief and more generous plan loan rules for participants whose primary residences were damaged in one of the […]
The Society for Human Resource Management (SHRM) worked with input from HR professionals and with Congress to help create the Workflex in the 21st Century Act, which was introduced in the House of Representatives in early November 2017.
Multiemployer retirement plans’ funding in the first half of 2017 neared its best position since the market collapse of 2008, according to a new study by the actuarial consulting firm Milliman. But despite an average funded percentage of 81%, these plans still face significant pressures, with many on track to require assistance in the future […]
When employees are struggling, there are a lot of ways the employer can impact the situation both positively and negatively. We all know that mental health is a critical component of overall health, and mental health concerns among employees can quickly become problematic. It is in everyone’s best interests for employers to be supportive and […]
There’s good news and bad news … which do you want first?
Employees will be able to contribute up to $2,650 to a health flexible spending account (FSA) in 2017, a $50 increase from the 2017 amount, the Internal Revenue Service (IRS) announced in Revenue Procedure 2017-58.
Both enrollment in health savings account (HSA)-eligible health plans and the number of HSAs have grown significantly since HSAs first became available in 2004; as a result, HSAs have become a significant part of employment-based health plans, according to an issue brief from the Employee Benefit Research Institute (EBRI).
With ongoing changes in the threat ecosystem and regulatory climate, employers need to be looking beyond the Health Insurance Portability and Accountability Act (HIPAA) and other traditional breach laws to prioritize the organization’s critical knowledge assets, according to data security attorneys who spoke at a recent American Bar Association (ABA) conference.
To tell or not to tell, that is the question. But it may be a moot point, since many of your employees are already talking.
A recent Executive Order from President Donald Trump aims to give employers greater latitude in banding together to purchase health coverage, and in subsidizing employees’ coverage through health reimbursement arrangements (HRAs).