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Study: Retirement Plan Fees’ Decline Slowed in 2017

HR Daily Advisor

Retirement plan recordkeeping, trust, and custody fees—in a steep decline for years under pressure from sponsors, participants, federal regulations, and litigation—remained flat for the first time since 2010, according to a new survey. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

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Employee Rights in Bangladesh

Global People Strategist

The 2006 Bangladesh Labor Act states that an establishment may make its own rules as long as it follows the regulations specified in the Act, and as long as they are run past the Chief Inspector. The 2006 Labor Act of Bangladesh states daily and weekly working hour limits that each employer should follow. Conditions of Employment.

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Laws And Regulations Every HR Professional Should Know In 2023

Empuls

Staying up-to-date with these changes is imperative for two principal reasons: ensuring legal compliance and fostering a work environment that is safe, respectful, and conducive to productivity. Non-compliance can result in significant fines and also tarnish a company's reputation.

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Plan Sponsors Must Now Analyze 401(k) Plan Administration (Part 1)

HR Daily Advisor

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. This article details three key areas that should be examined now. Special Tax Notices.

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How HR Can Tackle Diversity Using the Rooney Rule

Visier

The results were impressive – minority head coaching hires in the NFL increased from 6% to 22% in 2006 – and as the White House strives to show, the implications of the rule can be far-reaching. As baby boomers head into retirement, companies will face a huge shortage of skilled workers to replace them.

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Multiemployer Pension Plan Funding Nears Peak Since 2008 Crash, Study Says

HR Daily Advisor

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. Jane Meacham is the editor of BLR’s retirement plan compliance publications. Gap Continues to Widen.

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IRS Delay in Implementing New Mortality Tables Affects Pension Liability Valuation

HR Daily Advisor

At the same time, the reality of increased longevity and longer-term retirements may lead some employees to work beyond a pension plan’s “normal retirement age,” offsetting somewhat the increased liabilities brought about by the latest mortality assumptions. Uses for Mortality Tables.