HR Daily Advisor

DECEMBER 28, 2016

The Internal Revenue Service (IRS), in its first “Required Amendments (RA) List” on December 13, 2016, informed individually designed employer-sponsored retirement plans about required amendments for 2016 that may be needed to reflect changes and ensure the plans keep their qualified status. 642-A in The 401(k) Handbook.)

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Planning Tools Retirement HR Software Compliance 43

Ceridian

OCTOBER 24, 2016

Let’s be honest: regardless of age, we all sometimes dream about retirement. Unfortunately, for a lot of Americans who aren’t eligible for retirement savings plans through their employer, those dreams are difficult to make a reality. By Julie Palmer, Technical Writing Manager, Ceridian. DOL Final Rule and the ERISA.

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Retirement Ceridian Payroll HR Planning 40

HR Daily Advisor

APRIL 5, 2018

The Internal Revenue Service (IRS) is lowering back to 2017’s level the fee it charges for applications seeking determination letters for terminating retirement plans, the agency announced on March 14. See, IRS 2016 Required Amendments List Gives First Guidance on Changes Needed to Retain Qualification.).

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Retirement Compliance Meeting 40

HR Daily Advisor

NOVEMBER 20, 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. multiemployer defined benefit (DB) plans from December 31, 2016, to June 30, 2017.

Planning Tools 43

Planning Tools Study Retirement HR Software 43

HR Daily Advisor

MARCH 3, 2017

IRS Revenue Procedure 2017-4 also explains how the agency provides taxpayer advice, how it should be requested, and the user fees required when such advice is sought. In a determination letter, the IRS rules on a retirement plan’s qualification after reviewing the employer’s plan and other documents and information.

Planning Tools 40

Planning Tools Retirement HR Software Compliance 40

HR Daily Advisor

JANUARY 15, 2018

The Internal Revenue Service (IRS) gave some larger-asset employer-sponsored retirement plans an unexpected break on Voluntary Correction Program (VCP) user fees in its first Internal Revenue Bulletin (IRB) of 2018, issued January 2. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

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Retirement Compliance Immedis Examples 47

HR Daily Advisor

JANUARY 27, 2017

Effective January 1, 2017, the Internal Revenue Service (IRS) is providing an exemption from a user fee for some small-employer benefit plans seeking a determination letter about their qualified status. Notice 2017-1 amplifies elements of Notice 2002-1 and makes Notice 2011-86 obsolete, the IRS said in the notice. Significant Changes.

Planning Tools 40

Planning Tools Retirement Compliance HR Software 40

HR Daily Advisor

FEBRUARY 1, 2018

The latest edition of a widely watched consulting firm survey of defined contribution (DC) retirement plan trends found that plan sponsors continue to focus intensely on fees, even though these expenses have been pressured lower in recent years by plans’ insistence and the threat of litigation. increase in this category from 2016.

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Survey Planning Tools Trends Retirement 43

HR Daily Advisor

JANUARY 23, 2018

In its role as interpreter and enforcer of both the ADA and GINA, the EEOC has adopted guidelines to help determine whether participation in a wellness program is “voluntary” and therefore in compliance with the ADA and GINA. However, unlike HIPAA, the EEOC also applied the 30% cap to participatory wellness programs.

Wellness 61

Wellness Compliance Workable Discrimination 61

HR Daily Advisor

FEBRUARY 6, 2018

Department of Labor (DOL) has shined on fiduciary duties for retirement plans has heightened awareness among plan sponsors and their third-party administrators (TPAs). Idaho, November 15, 2017), was filed by the Pension Benefit Guaranty Corporation (PBGC) in July 2016, alleging Idaho Hyperbarics Inc. The spotlight that the U.S.

Retirement 43

Retirement Certification Compliance Report 43

HR Daily Advisor

JUNE 28, 2017

United Benefit Advisors (UBA) says that more than one-third (35.1%) of all health plans offered employees a way to help pay their out-of-pocket expenses in 2016, through either a Health Savings Account (HSA) or a Health Reimbursement Arrangement (HRA). in one year, and almost 140% in the 5 years from 2011 to 2016. Health plan type.

Trends 47

Trends Planning Tools Retirement Comparison 47

ForUsAll

MAY 8, 2019

Focused on the unique needs of the small business market, these 401(k) providers strive to make high-quality, low-cost retirement plans accessible to all – not just Fortune 500 companies. Ubiquity Retirement: Reviews, Media Endorsements, and More. So, the all-important question: who are the best 401(k) providers for small business?

Planning Tools 76

Planning Tools HR Software Retirement Guidelines 76

HR Daily Advisor

OCTOBER 10, 2017

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. In December 2016, the U.S.

Compliance 46

Compliance Retirement Employment Law Groups 46

HR Daily Advisor

JANUARY 16, 2017

The council—which comprises 15 representative members, including for plan sponsors, participants, and service providers who are appointed by the secretary of labor—issued a report on this threat to plans and participants in November 2016 in the form of a PowerPoint presentation. They should consider extending that process to retirement plans.

Assessment Software 40

Assessment Software Planning Tools Data HR Software 40

HRWatchdog

FEBRUARY 20, 2019

The background information below is excerpted from the CalChamber 2019 Business Issues and Legislative Guide article written by CalChamber Policy Advocate Marti Fisher before her retirement at the beginning of this year. Formal rulemaking was to follow. CalChamber Position.

Background screening 43

Background screening Workable Policies Compliance 43

HR Daily Advisor

OCTOBER 27, 2017

As reported, the PBGC’s EWP drew attention earlier in 2017 (see, PBGC Removes Change in Credit Quality as Possible Trigger for Early Warning Program Review ) when the agency clarified guidance issued in late 2016 that led many in the pension plan community to believe the program had been expanded.

Retirement 43

Retirement Metrics Trends Groups 43

HR Daily Advisor

NOVEMBER 9, 2016

Do we measure her hours worked in the measurement period for coverage in 2017 or do we focus solely on the fact that she is now a full time employee and eligible for coverage? We have an employee who retired on August 31, 2016. 1H and 2C and then the dollar amount of the insurance premium the retired employee will pay?

Retirement 46

Retirement Employment Law Compliance Immedis 46

Paycor

MAY 15, 2017

Consider all of those pesky compliance challenges we’ve been experiencing. What does recruitment look like in 2017? HR can use data to figure out why people are leaving, as well as predict employees who may be retiring and start a search to fill the roles. are “actively disengaged” (Gallup, 2016)? Keeping employees happy.

Hiring Software 40

Hiring Software Talent Experience Recruiting Software Assessment Software 40

HR Daily Advisor

DECEMBER 9, 2016

Did you know that the American Association of Retired Persons (AARP) has initiated a lawsuit against the Equal Employment Opportunity Commission (EEOC)? The Employee Retirement Income Security Act (ERISA) also has provisions that prohibit discrimination related to health status. Let’s take a look at what led up to this lawsuit.

Wellness 40

Wellness Discrimination Retirement Compliance 40

HR Daily Advisor

FEBRUARY 28, 2018

A disability plan participant’s state-law privacy lawsuit against the plan’s claims administrator was dismissed by a federal district court, which found it was preempted by the Employee Retirement Income Security Act (ERISA). On June 3, 2016, [Heather] acknowledged in writing receipt of the June 2, 2016, letter. 17-444 (W.D.

HR Planning 43

HR Planning Background screening Planning Tools HR Software 43

Zenefits

JUNE 1, 2022

When this is applied, it is added to the recipients’ existing monthly retirement and/or social security payments. However, they are calculated at a different (usually lower) rate than that of those on retirement income. Active government employees may receive COLAs as well.

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Bonuses and Incentives Payroll Retirement Metrics 36

HR Daily Advisor

AUGUST 3, 2017

The Chamber encouraged HHS to provide a safe harbor from the SBC requirement for employers that already provide the SPD and other summary materials required by the Employee Retirement Income Security Act (ERISA). Slaughter , JD, is a Senior Legal Editor for BLR’s Thompson HR products, focusing on benefits compliance.

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Groups Retirement Discrimination Compliance 43

HR Morning

FEBRUARY 13, 2019

The workplace is becoming more multi-generational, as millennials start to dominate and older workers delay retirement. Offering the right employee benefits is one of the “Top 10 HR challenges of 2019,” according to a recent report from HR compliance firm XpertHR. .

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Planning Tools Assessment Software HR Software AON 84

HR Daily Advisor

FEBRUARY 28, 2017

20, 2017), illustrates the potential liability exposure for employers and other plan sponsors that do not have strong safeguards in place, such as encryption for laptops with sensitive information. “The 1540 (2016). Slaughter , JD, is a Senior Legal Editor for BLR’s Thompson HR products, focusing on benefits compliance.

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Background screening Conference Data Report 40

Thrive Global

AUGUST 4, 2021

As a side project in 2016–2017, I worked with the innovative startups and non-profits to disrupt human trafficking. I did this when deciding to retire from corporate America and start my entrepreneurship journey at 40, the support and guidance from people I respect and admire allowed me to face my fears and lead.

Interview Software 36

Interview Software Planning Tools Compliance Training Industry 36

Ceridian

JUNE 8, 2017

We’re seeing momentum build around several areas of employment law, and during a recent webcast , I spoke about three: Paid Leave, Retirement Programs (“Auto-IRAs”) and fair scheduling. Sign up for the free webcast: Top Compliance Issues Every Employer Should Know. State Retirement (Auto-IRA). Paid Leave.

Employment Law 76

Employment Law Trends Retirement Hiring Software 76

Semos Cloud

JULY 31, 2020

According to statistics, 85% of all employees in US have received paid vacation days in 2017 , averaging with 10 days of payed time off. . Retirement plan . Retirement plan is a great employee perk to offer , especially since a lot of specialists you will be looking for are in their late 30ies and 40ies.

Employee Appreciation 98

Employee Appreciation Wage and Hour Training HR Software Employee Recognition 98

HR Daily Advisor

JANUARY 8, 2018

The Pension Benefit Guarantee Corporation (PBGC) in late 2017 launched another way for terminated defined contribution (DC) retirement plans to locate missing participants and make it more likely that they receive their benefits. DNY59 / E+ / Getty Images. What PBGC Will Pay Out. Benefits from New Rule.

Retirement 43

Retirement Compliance Compliance Training Examples 43

HR Daily Advisor

OCTOBER 6, 2017

defined benefit (DB) retirement plan sponsors, according to a recent poll conducted by insurer MetLife. The poll’s results lead MetLife to predict 2017 will be “another very robust year of [pension risk transfer] market activity.”. Probe their expectations for 2017’s level of transfer activity. DNY59 / E+ / Getty Images.

Retirement 43

Retirement Groups Compliance Data 43

HR Daily Advisor

AUGUST 16, 2017

The Internal Revenue Service (IRS) has issued several changes to its preapproved qualified retirement plan program, in line with its phaseout at the beginning of 2017 of much of the determination letter program for individually designed plans. It was published July 17 in Internal Revenue Bulletin 2017-29.

Retirement 43

Retirement Compliance Wellness ATS 43

HR Daily Advisor

OCTOBER 19, 2017

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. DNY59 / E+ / Getty Images.

Retirement 43

Retirement Compliance Compensation Industry 43

HR Daily Advisor

JUNE 15, 2017

Single-premium pension buyout sales as part of the “derisking” of defined benefit (DB) retirement plans for the first quarter rose 31% from the same period in 2016, totaling $1.4 billion—the highest first-quarter results in 15 years, according to the LIMRA Secure Retirement Institute. billion for all of 2016.

Data 43

Data Retirement ATS Groups 43

HR Daily Advisor

DECEMBER 12, 2017

Many qualified profit-sharing and 401(k) retirement plans allow participants to take loans from their account balance. Office of Chief Counsel Memorandum 201736022 (August 30, 2017)). office, where he leads the Qualified Retirement Plans team. All three of those payments must be cured by March 30, 2018.

Planning Tools 46

Planning Tools Payroll Analysis Retirement 46

HR Daily Advisor

APRIL 4, 2018

Defined benefit (DB) retirement plan sponsors with restated preapproved plan documents that were part of the latest Internal Revenue Service (IRS) 6-year remedial amendment cycle can benefit from some of the lessons learned by other sponsors that have completed the defined contribution (DC) cycle. 2017-41, and the next round of changes.

Compliance Training 40

Compliance Training Retirement Handbook Compliance 40

G2 Crowd

DECEMBER 1, 2017

If you don’t believe the reviews, you may believe the $3 billion the company earned in 2016 alone. in an Insperity review from September 7, 2017. What clients are saying: “They are a little more expensive than other payroll services, but they are worth it.” — G2 Crowd user in an Intuit Payroll Services review from April 26, 2017.

Hiring Software 26

Hiring Software HR Software Payroll Recruiting Software 26

G2 Crowd

DECEMBER 1, 2017

If you don’t believe the reviews, you may believe the $3 billion the company earned in 2016 alone. in an Insperity review from September 7, 2017. What clients are saying: “They are a little more expensive than other payroll services, but they are worth it.” — G2 Crowd user in an Intuit Payroll Services review from April 26, 2017.

Hiring Software 20

Hiring Software HR Software Payroll Recruiting Software 20

Ceridian

DECEMBER 8, 2017

As we wrap up 2017, it is time to reflect on the year’s major compliance issues in the human capital management world. Below is a summary of the important compliance issues along with highlights of where changes took place over the course of the year. As of 2017, five U.S. Fair Scheduling Laws. million U.S.

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Background screening Compliance Human Capital Management HR Planning 78