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.

Retirement 58

Retirement Handbook Compensation Employee Benefits 58

Trusaic

JULY 29, 2021

Originally passed in December 2018, the Act goes into full effect August 31, 2021. The Canada Pay Equity Act aims to address systemic gender-based discrimination, foster equal compensation for work of equal value, and proactively maintain pay equity going forward. Calculation of compensation. Comparison of compensation.

Planning Tools 130

Planning Tools Compensation Discrimination Recruiting Software 130

Astron Solutions

SEPTEMBER 17, 2018

This Astronology® , the third in our three-part series, examines non-profit executive compensation. In considering non-profit executive compensation, employers and Board have two primary legal concerns. The Tax Cuts and Jobs Act of 2018. Any portion of compensation paid to a licensed medical professional (e.g.,

Compensation 45

Compensation Bonuses and Incentives Planning Tools Guidelines 45

Zenefits

OCTOBER 13, 2022

America’s retirement landscape is changing. Pensions are largely disappearing from the private sector, and the future of Social Security is unclear — making it difficult for many employees of small to medium-sized businesses to save for retirement. Choosing a retirement benefits package.

Retirement 36

Retirement Trinet Zenefits Planning Tools 36

PeopleStrategy

NOVEMBER 7, 2017

Verify employee compensation. Verify compensation information for every employee in your organization. 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.

HR Software 145

HR Software HR Planning Hiring Software Planning Tools 145

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. Annual compensation limit. Medical reimbursement. Dependent care. 260 per month. 255 per month. 260 per month.

HR Planning 45

HR Planning Retirement Planning Tools HR Software 45

Astron Solutions

DECEMBER 7, 2021

.” They’re talking about your organization’s CEO, and you can see that there’s some clear dissatisfaction among the employees at your organization when it comes to how they’re compensated versus how much your executives get paid. Specifically, we’ll cover the following: What is Executive Compensation?

Compensation 52

Compensation Bonuses and Incentives Employer Branding Hiring Software 52

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.

Retirement 53

Retirement Planning Tools Handbook Compensation 53

Trusaic

NOVEMBER 6, 2019

Past salaries can often influence what an organization may pay in salary when hiring someone, which can affect job compensation over the long term. An example of this impact is found in a Goldman Sachs study from 2018. The study compared the compensation of a college-educated man and a college-educated woman.

Hiring Software 130

Hiring Software HR Software Analytics Study 130

Trusaic

DECEMBER 7, 2020

In March 2018, the state underwent a significant equal pay overhaul when Governor Jay Inslee signed House Bill 1506 (the EPOA) into law. What compliance obligations do Washington employers have under the EPOA? Regional differences in compensation. What types of compensation or pay are included in the EPOA? .

Wage and Hour Training 130

Wage and Hour Training Compliance Compensation Industry 130

Extensis

DECEMBER 7, 2023

According to the National Association of Professional Employer Organizations (NAPEO), awareness has risen 44% since 2018 , with a record 33% of business owners using a PEO last year. They can help make informed decisions about the types of benefits to offer, such as health insurance, retirement plans, and voluntary offerings. #2:

Planning Tools 105

Planning Tools HR Software Recruiting Software Retirement 105

ACA Times

AUGUST 8, 2017

After numerous delays, the Department of Labor put its final fiduciary rule, which was issued on April 8, 2016, into partial effect on June 9 this year, but with enforcement full implementation on January 1, 2018. We’re committed to helping companies reduce risk, avoid penalties, and achieve 100% ACA compliance.

Retirement 100

Retirement Compliance Compensation Examples 100

HR Morning

APRIL 8, 2016

Compliance date extended. In a nutshell, the bill aims to grant retirement plan participants greater protections by requiring brokers and advisers to act in their clients’ best interest when doling out investment advice. Preserve access to retirement education. Distinguish “order-taking” as a non-fiduciary activity.

Retirement 40

Retirement Planning Tools Compensation Compliance 40

Zenefits

JANUARY 11, 2019

There are several differences between highly compensated employees (HCEs) and non-highly compensated employees (NHCEs). It’s important for HR professionals to understand the definition of a highly compensated employee for tax reasons, benefits, and legal purposes. How much can highly compensated employees contribute to a 401(k)?

Compensation 31

Compensation Zenefits Retirement Compliance 31

Paycor

MARCH 1, 2019

More than 18,000 people registered for Paycor’s two-day online Rise Web Summit, held in February, where industry experts offered advice on all things HR, from employee engagement to hot button compliance issues. The Art of Compliance. If you’re in HR, you’re no stranger to compliance. Common Pitfalls of Benefits Compliance.

Hiring Software 40

Hiring Software Planning Tools Recruiting Software HR Software 40

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. They also raised the total annual compensation requirement for highly compensated employees from $100,000/ year to $107,432/ year.

Compliance 40

Compliance Wage and Hour Training HR Software Hiring Software 40

PlanSource

AUGUST 22, 2018

We opened Eclipse 2018 in true style with our signature ‘Shots of Success’ event. Jamie Higdon, Director of Compensation Benefits | Learning Care Group. Solution: Total compensation statements. You can learn more about total compensation statements in this free webinar. The Challenge: Retirement Savings Contributions.

HR Software 58

HR Software Hiring Software Planning Tools Recruiting Software 58

Engagedly

NOVEMBER 16, 2023

Bureau of Labor Statistics states that healthcare jobs will grow by 13% from 2018 to 2028. Furthermore, the Bureau’s projections indicate a yearly demand for 203,200 RNs through 2031, accounting for retirements and workforce departures. How can HR stay up to date with changing regulations and compliance requirements?

HR Software 52

HR Software Hiring Software Recruiting Software Retention and Turnover 52

Paycor

OCTOBER 11, 2019

As of November 2018, your employees’ contribution limits for their 401(k) increased to $19,000 from $18,500. 2018 & 2019 401(k) Match Limits. Employee compensation limit. Highly compensated employee salary threshold. What Are Highly Compensated and Key Employees? How to Help Ensure 401(k) Compliance.

Payroll 45

Payroll Retirement Compensation Discrimination 45

Visier

SEPTEMBER 26, 2018

A wage gap also increases the likelihood that women will be living in poverty, both during their work years and in retirement. Compensation practices can significantly contribute to workplace gender inequality.

Sexual Harassment 188

Sexual Harassment Visier Harassment Hiring Software 188

Extensis

APRIL 4, 2022

Avasant, a leading management consulting firm, recently published a report called “Global Hire-to-Retire Business Process Transformation 2021-22 RadarView ” which unearths how PEO is evolving to meet the challenges of today’s labor market. Growing compliance concerns. Employee experience. Ongoing pandemic woes.

Planning Tools 75

Planning Tools Recruiting Software HR Software Hiring Software 75

ForUsAll

MARCH 22, 2021

Too many Californians are saving too little for retirement. Baby boomers, the first generation to expect to retire without a pension, are nearly five times more likely to declare bankruptcy than the prior generation.* The State of California is trying to help solve this retirement crisis with CalSavers. Carlos had over $125,000.

Hiring Software 52

Hiring Software Retirement Planning Tools Payroll 52

ForUsAll

DECEMBER 10, 2018

That means lots of people now have the opportunity to save even more for their retirement - something we love. The total 401(k) retirement contribution limit (employee elective deferrals + employer contributions) has been raised from $55,000 to $56,000. What Changed - Compensation Thresholds. (Or, almost everyone).

Retirement 74

Retirement Planning Tools Payroll HR Software 74

Zenefits

JULY 6, 2022

When looking to differentiate their compensation packages and attract top talent, many HR managers and business owners are asking themselves a question that would have been laughed at 5 years ago: Should your 401(k) plan offer cryptocurrency investments? Since 2018, there has been a 237% increase in individuals owning Bitcoin.

Planning Tools 36

Planning Tools Retirement Onboarding Software HR Software 36

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. These fees are meant to pay for the marketing of mutual funds and to compensate the salespeople who bring new investors in.

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. These fees are meant to pay for the marketing of mutual funds and to compensate the salespeople who bring new investors in.

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. These fees are meant to pay for the marketing of mutual funds and to compensate the salespeople who bring new investors in.

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. These fees are meant to pay for the marketing of mutual funds and to compensate the salespeople who bring new investors in.

Retirement 52

Retirement Comparison Guidelines Compliance 52

ACA Times

APRIL 6, 2020

Payroll costs include all applicable wages for individual US based employees, capped at $100,000 in compensation for each individual employee per annum prorated for the loan period, paid leave, severance, insurance premiums, retirement benefits, as well as state payroll taxes. The maximum loan amount shall be 2.5

Payroll 100

Payroll Retirement Groups Compliance 100

HR Daily Advisor

JULY 6, 2017

The Internal Revenue Service’s (IRS) delay until 2018 of implementation of updated mortality tables for pensions gives defined benefit (DB) plan sponsors some extra time to prepare for significant changes tied to increased participant longevity. Depleting funds means it will be harder to compensate for shortfalls with investment returns.

Retirement 58

Retirement Compliance Compensation Policies 58

HRExecutive

APRIL 7, 2016

of Labor , which is designed to address conflicts of interest among financial advisers, will require HR departments to review their arrangements with vendors that provide retirement-plan services, say experts. Much of the compliance duties for the new rule will be handled by vendors and record keepers, says Kaplan.

Retirement 40

Retirement Compliance Compensation Employee Benefits 40

HR Daily Advisor

MAY 29, 2018

This includes complying with the Internal Revenue Code, the Employee Retirement Income Security Act (ERISA), and the regulations under both. Forming a team — with representatives from each department that touches the retirement plan — is a prudent way to stay abreast of plan developments while documenting any changes or updates as they occur.

HR Planning 43

HR Planning Retirement Background screening Comparison 43

HR Daily Advisor

JUNE 4, 2018

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. Tomorrow we will look at part 2 of this article, including compensation definition and hardship distributions. Special Tax Notices.

Retirement 61

Retirement Handbook Compliance Compensation 61

Heyyy HR!

NOVEMBER 29, 2023

Some examples of HR disciplines include recruitment, payroll, compliance, engagement, and diversity and inclusion. As you start exploring the field of human resources, you will find that it primarily focuses on investing in employees, ensuring their safety, and managing all aspects of staffing from hiring to compensation and development.

HR Planning 78

HR Planning Resources Hiring Software Compliance Training 78

HR Daily Advisor

JUNE 28, 2018

There has been increasing interest in CB plans among plan sponsors because they are subject to DB plan compliance rules. 2018-21 earlier this year (see related May column ), which permitted providers of preapproved DB plan documents to include a choice of an interest crediting rate based on the actual rate of return in a CB plan.

Compliance 40

Compliance Retirement Payroll Handbook 40

HR Daily Advisor

SEPTEMBER 7, 2018

The Internal Revenue Service (IRS) has extended for an additional year the temporary nondiscrimination relief it offers closed defined benefit (DB) retirement plans. Notice 2018-69 , issued on August 24, provides relief extension to plans with plan years beginning before 2020 that meet the requirements set in original 2014 guidance.

Retirement 40

Retirement Discrimination Compliance Compensation 40

ClearCompany HRM

DECEMBER 27, 2017

In addition to the holiday parties and secret santa gift exchanges, the end of the year also brings organizational compliance processes as your HR department gets ready to wrap things up. Are you up to date on your HR compliance terms? However, payment for these holidays is not required at a federal level.

Compliance 287

Compliance HR Software Planning Tools Compensation 287