HR Daily Advisor

APRIL 16, 2018

The Internal Revenue Service (IRS) said on April 5 that it may reopen its determination letter program to certain types of individually designed retirement plans, beyond the narrow set of circumstances in which such letters are currently available. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

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Retirement Compliance Resources Examples 43

HR Daily Advisor

NOVEMBER 6, 2018

For 2019, the Internal Revenue Service (IRS) is raising most of the annual threshold and benefit levels that apply to retirement plans, the IRS announced on November 1. Employers and retirement plan administrators can apply the new rates as they prepare their plans for next year and conduct nondiscrimination testing. Retirement P lans.

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Retirement Handbook Compensation Employee Benefits 58

HR Daily Advisor

NOVEMBER 21, 2017

The second half of 2017 brought devastating hurricanes to several areas of the Southern U.S. Congress provided for both retirement plan hardship distribution tax relief and more generous plan loan rules for participants whose primary residences were damaged in one of the storms’ paths. and Puerto Rico.

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Retirement Guidelines Compliance Examples 43

HR Daily Advisor

NOVEMBER 22, 2016

The Internal Revenue Service (IRS) again left most annual threshold and benefit levels unchanged when it announced them for 2017 on October 27, 2016. Employers and retirement plan administrators can apply the new rates as they prepare their plans for next year and conduct nondiscrimination testing. Retirement Plans.

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Retirement Compensation Compliance Employee Benefits 40

HR Daily Advisor

JANUARY 15, 2018

Strong market returns and larger-than-expected employer contributions shored up the funded status of the United States’ largest corporate pension plans modestly at the end of 2017, compared with the end of 2016, according to an analysis released January 2 by consulting firm Willis Towers Watson. trillion at the end of 2017. tax reform.

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Study Analysis Retirement Strategy 43

HR Daily Advisor

OCTOBER 26, 2017

Employers and retirement plan administrators can apply the new rates as they prepare their plans for next year and conduct nondiscrimination testing. Notice 2017-64 outlined the latest changes to cost-of-living adjustments for employee benefit plans. Most of the limits were not changed for 2017. Retirement Plans.

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Retirement Compensation Compliance Employee Benefits 39

HR Daily Advisor

SEPTEMBER 25, 2018

In part 1 of this article we began to explore the effect that the Tax Cuts and Jobs Act of 2017 (TCJA) has on personal tax deduction for business owners. There are common ownership aggregation rules for RPEs that are similar to common ownership aggregation rules for retirement plans used to test for participant coverage and nondiscrimination.

Retirement 43

Retirement Handbook Payroll Report 43

ACA Times

JANUARY 29, 2020

The plaintiffs claim that this is in direct violation of Section 510 of The Employee Retirement Income Security Act of 1974 (ERISA), which prevents employers from intentionally taking actions that might abridge or impair an employee from collecting benefits. To learn how to respond to Letter 226J, click here.

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HR Daily Advisor

SEPTEMBER 24, 2018

Retirement plans always have been an excellent vehicle for creating current tax deductions for businesses. For a business that passes through income to its owners, the business’s retirement plan often is designed to reduce each owner’s personal taxable income by a share of the retirement plan’s contributions.

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Retirement Planning Tools Handbook Compensation 53

Insperity

JUNE 27, 2019

But how knowledgeable are you about HR data privacy compliance and security? Think about every data point you regularly touch regarding employees (Social Security numbers, salaries, health care and retirement plans , background checks, etc.) What state and federal laws govern HR data privacy compliance?

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Compliance Data HR Software Background screening 52

HR Morning

MAY 12, 2017

That’s a subject Kate Saracene, an employment attorney for Nixon Peabody LLP , covered during a recent presentation at the 2017 Mid-Sized Retirement & Healthcare Plan Management Conference in Phoenix, Arizona. Here are some of the highlights of that presentation. This is a mistake employers should be especially wary of.

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Compliance Retirement Conference Report 50

Paycor

OCTOBER 17, 2019

Industry experts like Jennifer McClure offered actionable insights and advice on all things HR, from self-care for the HR pro to in-the-news compliance issues. Maintaining compliance for the organization. W-4 Changes In 2020: What You Need to Know |Speakers: Paycor Compliance Team. Recruiting Compliance – EEOC.

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Compliance Wage and Hour Training HR Software Hiring Software 40

Advos

DECEMBER 30, 2016

to help small businesses create employee retirement accounts. Don’t Miss A Funding Announcement in 2017. Series A to help firms manage compliance. Don’t Miss A Funding Announcement in 2017. Senior benefits platform Renew.com raises $3 million to help retiring baby boomers. Talent Rover Raises $2.2M

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Recruiting Software HR Software Video Recruiting Staffing Software 91

PeopleStrategy

NOVEMBER 7, 2017

Some health and life insurance plans and retirement plans require companies to report enrollment figures and balances at the end of the year. Support compliance with regulatory updates. This involves checking that your HR technology will continue to support compliance documentation and reporting under these changes.

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HR Software HR Planning Hiring Software Planning Tools 145

Effortless HR

JUNE 13, 2017

Tucson, AZ (June 13, 2017) – EffortlessHR™ has expanded its partnership with Enquiron ® to deliver the EffortlessHR Compliance Center, a custom-tailored employer solution with a focus on HR and employment law. EffortlessHR allows a client’s staff to manage HR information based on specific company needs.

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Compliance HR Software Human Capital Management Employment Law 41

ACA Times

APRIL 17, 2020

Technical Correction to Qualified Improvement Property Deduction (CARES Act §2307): This provision makes a technical correction to the amount of an allowed Improvement Property deduction and makes it retroactive to the passage of the TCJA in 2017. Businesses can now fully deduct the cost of certain property improvements.

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Retirement Payroll Groups Compliance 100

Zenefits

APRIL 10, 2019

Today we look at new legislation before the Senate Finance Committee aimed at helping small businesses restructure debt, state-sponsored retirement plans for SMBs, new tools from Amazon to help small business sellers, and simple ways managers can turn around toxic workplaces. Help is on the way. Happy Wednesday! The Number: 58 million.

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Planning Tools Retirement Zenefits Compliance Training 28

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

ForUsAll

APRIL 1, 2019

You and your employees pay them a lot of money out of your retirement accounts, so you want to be sure your advisor is providing as much value as possible. In 2017 alone, almost 30,000 plan sponsors failed their NDTs and had to make corrective distributions. People spend about a quarter of their lives in retirement. Conclusion.

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Retirement Planning Tools Course Succession Planning 85

Tandem HR

OCTOBER 23, 2017

The Internal Revenue Service released the 2018 annual contribution limits related to Flexible Spending Accounts (FSA), Health Savings Accounts (HSA) and all Qualified Retirement Plans. Qualified Retirement Plans. Medical reimbursement. Dependent care. 260 per month. 255 per month. 260 per month. 255 per month. Individual.

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HR Planning Retirement Planning Tools HR Software 45

HR Daily Advisor

MARCH 21, 2018

As of 2017, that likelihood dropped to 16% in the same group of employers, according to a new Willis Towers Watson (WTW) retrospective report on large DB plans. Employers have made the transition to account-based retirement plans in a variety of ways, WTW said in the report. DNY59 / E+ / Getty Images. Shift in Offerings. Key Findings.

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Planning Tools Hiring Software Retirement Hiring 47

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

Zenefits

DECEMBER 20, 2019

In a previous article about state-mandated retirement plans , we discussed America’s burgeoning retirement crisis, which is no exaggeration. As noted in an article published by the LA Times , “The retirement crisis is real and frightening.”. OregonSaves is one such program. What is OregonSaves?

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Retirement Payroll Compliance Hiring 46

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. Jane Meacham is the editor of BLR’s retirement plan compliance publications. In Revenue Procedure (Rev.

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Retirement Compliance Meeting 40

HR Daily Advisor

MAY 31, 2018

However, the non-enforcement guidance in DOL Field Assistance Bulletin (FAB) 2018-02 issued May 7 left many retirement plan fiduciaries and practitioners more confused than ever as the agency’s years-in-the-making fiduciary rule was officially vacated the same day by a federal appellate court. On May 7, the 5th U.S.

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Retirement Compliance Policies Groups 43

HR Daily Advisor

JUNE 28, 2018

The DOL rule largely became effective in June 2017 (see May 2017 story ), but was first vacated by a 2-1 panel vote by the same court in March (see story ) for exceeding the DOL’s rulemaking authority. The federal court’s official vacatur order had been expected by most in the retirement plan community. SEC Proposal.

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Retirement Compliance Employee Benefits Policies 40

Zenefits

JULY 6, 2022

However, when it comes to workplace retirement plans, many employers are skeptical about whether or not a cryptocurrency investment option is appropriate. But amidst the Great Resignation , some employers are eager to take the chance and offer something different for retirement savings. Should you add crypto to your retirement plan?

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Planning Tools Retirement Onboarding Software HR Software 36

HR Daily Advisor

JULY 26, 2018

Treasury Department on July 20 issued final regulations amending the definitions of qualified nonelective contribution (QNEC) and qualified matching contribution (QMAC) for employer-sponsored retirement plans to resolve questions about whether participant forfeitures can be used to fund QNECs and QMACs. First Proposed in January 2017.

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Retirement Compensation Comparison Immedis 40

Compensation Today

SEPTEMBER 6, 2017

We’ve put together a list of all the best HR conferences for 2017 and 2018 that will reward you with the most bang for your buck. HR West 2017. What’s Covered: This conference covers topics such as legislation and compliance, onboarding techniques, and engagement and retention. ATD 2017 International Conference and Exposition.

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HR Planning Conference HR Software Recruiting Software 50

HR Daily Advisor

AUGUST 24, 2018

PLR 201833012 confirmed that, under certain circumstances, plan sponsors may be able to link employer contributions made on behalf of a 401(k) plan participant to the amount of student loan repayment made by the employee outside the retirement plan. Jane Meacham is the editor of BLR’s retirement plan compliance publications.

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Retirement Compliance Compensation Talent Experience 43

HR Daily Advisor

AUGUST 2, 2018

Plan sponsors regularly handle situations that arise from a deceased participant’s failure to designate a beneficiary for his or her employer-sponsored retirement account. The PLR highlights two important points, according to Employee Retirement Income Security Act (ERISA) attorney Paul D. Source: Jodi Jacobson / iStock / Getty.

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Retirement Compliance Compensation ATS 43

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. NiroDesign / iStock / Getty Images Plus.

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Survey Planning Tools Trends Retirement 43

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?

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Planning Tools HR Software Retirement Guidelines 76

Guideline

JANUARY 10, 2020

Enrolling in a 401(k) is a great way to save for retirement. From the investment managers moving your money around, to the back offices handling compliance and recordkeeping, everyone wants a cut. Expense ratios may read like tiny percentages, but they can have a big impact on your retirement savings over time.

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Retirement Comparison Guidelines Compliance 52

Guideline

JANUARY 10, 2020

Enrolling in a 401(k) is a great way to save for retirement. From the investment managers moving your money around, to the back offices handling compliance and recordkeeping, everyone wants a cut. Expense ratios may read like tiny percentages, but they can have a big impact on your retirement savings over time.

Retirement 52

Retirement Comparison Guidelines Compliance 52

Guideline

JANUARY 10, 2020

Enrolling in a 401(k) is a great way to save for retirement. From the investment managers moving your money around, to the back offices handling compliance and recordkeeping, everyone wants a cut. Expense ratios may read like tiny percentages, but they can have a big impact on your retirement savings over time.

Retirement 52

Retirement Comparison Guidelines Compliance 52

Guideline

JANUARY 10, 2020

Enrolling in a 401(k) is a great way to save for retirement. From the investment managers moving your money around, to the back offices handling compliance and recordkeeping, everyone wants a cut. Expense ratios may read like tiny percentages, but they can have a big impact on your retirement savings over time.

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Retirement Comparison Guidelines Compliance 52