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DOL Final Rule Allows Online Disclosure of 401(k) Plans

Zenefits

The final rule gives 401(k) plans a new, alternative way of satisfying the disclosure requirements authorized by the Employee Retirement Income Security Act (ERISA) of 1974. This final rule — which takes effect on July 27, 2020 — applies to ERISA-covered retirement plans, including 401(k) plans. Covered individuals.

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DOL Proposes Eased Restrictions On Open Multiple-Employer Plans for Small Businesses

HR Daily Advisor

Department of Labor (DOL) on October 22 released its proposal easing restrictions on open multiple-employer plans (MEPs) to encourage more small businesses to offer defined contribution (DC) retirement plans to their employees. The Notice of Proposed Rulemaking (NPRM) was published on October 23 (83 Fed. IRS Reviewing ‘One Bad Apple’ Rule.

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HR TechStack – Performance Tracking

Workstride

There is a lot of software & cloud based apps for modern workforce, at WhoKnows we have handpicked 68 most popular, widely used & recognized vendors in the market. With Workforce Ready, you get enterprise-class power at a price you can afford. All-in-One – Social HR Software for everything from Hire to Retire.

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IRS Exempts Some SMBs from User Fee for Determination Letter Applications

HR Daily Advisor

Notice 2017-1 amplifies elements of Notice 2002-1 and makes Notice 2011-86 obsolete, the IRS said in the notice. The IRS has said it will still issue determination letters after review under some circumstances, such as for newly established plans, terminating plans, and those seeking to confirm compliance with new laws.

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Update Your Disability Benefits Claims and Appeals Procedures Before 2018 Deadline

HR Daily Advisor

The Employee Retirement Income Security Act (ERISA), a federal law that applies to many benefits offered to employees, requires that an employee benefits plan establish and maintain procedures that govern how a participant files a claim for benefits and how disputes over benefits are handled. Ekaterina79 / iStock / Getty Images Plus.

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Don’t Let Your Data or Participants Get Lost in Space

HR Daily Advisor

They should consider extending that process to retirement plans. Even if you have your own cyber risk assessment policy in place, it might be worth comparing it with the DHS assessment, developed at the Carnegie Mellon University Software Engineering Institute. She also has achieved the enrolled retirement plan agent designation.

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Alyssa G. Martin of Weaver: “Why I’d like to inspire a movement to increase the diversity among those serving on public company boards of directors”

Thrive Global

Previously the partner-in-charge of risk advisory services for the firm, Alyssa now leverages her rich experience to assist public and large private companies in managing risk, establishing governance and strategy, preventing fraud, ensuring compliance and improving operations. Thank you so much for joining us Alyssa.