Who Are Today’s Job Seekers?
A new study from Jobvite, a leading provider of recruiting software, seeks to answer that question, while examining American job seekers’ experiences.
Tag: benefits
IRS Confirms Health FSAs Cannot Reimburse Medicare and Insurance Premiums
One key difference between health savings accounts (HSAs) and health flexible spending accounts (FSAs) is that in some circumstances HSAs can reimburse Medicare and other insurance premiums; health FSAs cannot. Recent guidance from the Internal Revenue Service (IRS) in Information Letter 2017-0004 confirmed this fact.
‘Ditch Witch’ Ordered to Pay Nearly $200K in Restitution to Profit-Sharing Plan
Based on an investigation conducted by the Employee Benefits Security Administration (EBSA), the U.S. Secretary of Labor filed a civil complaint against Ditch Witch Equipment of Tennessee Inc., an underground utility construction equipment company, and Aubrey Needham, trustee of the company’s profit-sharing plan on April 29, 2014. According to a Department of Labor (DOL) press […]
Is Your Cafeteria Plan Document Full of Plot Holes?
Unlike summer blockbuster movies with a large cast of key characters, benefit plan documentation has just three: the plan document under the Employee Retirement Income Security Act (ERISA), the summary plan description (SPD), and the Internal Revenue Code Section 125 cafeteria plan document.
Employer Groups Suggest Range of Administrative Changes to Reduce ACA Burdens
The summary of benefits and coverage (SBC), maximum out-of-pocket limits (MOOPs), and a rule on “nondiscrimination in health programs” were among the problem areas most frequently cited by employer groups in suggesting administrative changes to Affordable Care Act (ACA) implementation.
IRS Explains How to Identify HCEs in an Initial or Short Plan Year
In April, the Internal Revenue Service (IRS) published guidance clarifying the definition of highly compensated employees (HCEs), a key concept for nondiscrimination testing of both retirement plans and cafeteria plans.
Bracing for the Boomer Bomb: How Senior Care Will Impact Your Workplace
Stories of companies introducing and expanding maternity and paternity leave plans have been well documented in the media. Whether a byproduct of the talent wars or recognition that there is, indeed, a business case for family-friendly benefits, these new supports are a net positive for new parent employees. But care is not reserved solely for […]
Flexibility: What Job Candidates Want and How Employers Can Provide It
Nearly 40 percent of job candidates say that schedule flexibility is one of the top three factors they consider when making career decisions, while two-thirds of candidates believe they don’t need to sitting at a desk to get their work done, according to new research from RPO provider ManpowerGroup Solutions.
Caregiving Ranks High in Importance for Wellness Benefits
Caregiving ranks among the top 10 employee health and wellness benefits priorities for most employers, says a new survey by Northeast Business Group on Health (NEBGH) in collaboration with AARP. Furthermore, among employers who say caregiving is not a top priority, most are aware of the issue but unable to address it. More than three-quarters […]
Health Benefits During FMLA Leave: Who Pays?
For many HR professionals, Family and Medical Leave Act (FMLA) administration is near—or at—the top of the list of most-hated-things-about-the-job. And given that the law is confusing and burdensome and nitpicky, it’s no wonder.