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In this article, we’ll look at some of the key benefits 401(k)s provide to both employees and employers, as well as some important practical considerations. Many thanks to Arris Murphy, J.D., Contributing Editor to BLR’s The 401(k) Handbook, from which the material for this piece originated.
The Kentucky Court of Appeals recently upheld the termination of a nurse who unintentionally disclosed a patient’s confidential health information while she was conducting a procedure.
Employees of a cheese manufacturer decided to break into the food safety business while they were still employed by the company. The employer suspected cheese sabotage when it discovered its food safety and cheese-making manuals in the employees’ workspace and terminated their employment.
An Internal Revenue Service (IRS) Chief Counsel Advice memo issued to assist counsel in one of the agency’s regional offices provides two ways missed 401(k) loan payments can be handled without taxing the participant in plans permitting a cure period for such skipped payments. The guidance—while neither a precedent or legally binding—may be beneficial for […]
In 2015, Millennials surpassed Gen Xers as the largest demographic in the United States workforce. Typically considered as anyone born between 1984 and 1997 (give or take a few years depending on your definition), the current Millennial ranges from anyone in their early 20s to their mid 30s. In terms of the work force, that […]
The new mortality tables required for use by final regulations released on October 5 by the Internal Revenue Service (IRS) were expected, but bring into sharper focus a host of concerns for the single-employer defined benefit (DB) retirement plans that must eventually incorporate them.
A retirement research institute suggested several ways to improve the Saver’s Credit for lower-income individuals in a recent paper, steps that also could help employer plan sponsors ensure that their plans remain in compliance with nondiscrimination requirements.
On October 12, U.S. Health and Human Services Acting Secretary Eric Hargan and Centers for Medicare & Medicaid Services Administrator Seema Verma released a statement announcing that cost-sharing reductions (CSR) payments were to be immediately discontinued, based on a legal opinion from the Attorney General.
A new survey of 5,000 U.S. workers has found that while many employees feel confident after completing their annual health benefits enrollment, about 3 in 4 are making benefits decisions without a complete knowledge of the overall plan.
As retailers and others ramp up for what by all accounts should be a busy holiday season, they may be in for a surprise. And it won’t come wrapped with a bow.