Expert insights. Personalized for you.
Benefits compliance means adhering to the federal, state, and local laws your mandatory and voluntary benefits are subject to. These agencies may assess penalties on employers whose benefit plans are out of compliance. State workers’ compensation laws. Benefits Compliance MORE
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. One change in the rule both brokers and advisers and employers will likely appreciate: an extension of the compliance deadline until Jan. Preserve access to retirement education. These are well-established standards in the law, simplifying compliance. MORE
A defined contribution benefit plan option to help stabilize retirement and reduce risk. Will I be able to retire? More than 85 percent of Americans believe the nation is facing a retirement crisis 1 and 72 percent of surveyed employers feel only some employees will be ready for retirement. Retirement Annuity Accounts. A complement to current retirement plans. Compensation and Rewards defined benefit defined contribution insurance pension RAAs Retiremen MORE
When it comes to retirement plans, the number one reason companies change their investment manager or recordkeeper is high fees. Not to mention, indirect compensation is often not disclosed, or disclosed in a complex and confusing manner, so as to prevent sponsors from conducting a transparent comparison of service providers and investment options. Custodian: The Custodian is the institution that holds the retirement assets. MORE
Offering an appealing and generous compensation package is an important part of your employee value proposition. To stand out from other organizations, what should your compensation package include and how do you go about assembling one? Contents What is a compensation package? MORE
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 is the most impactful change to the way non-profit organizations will plan their executive compensation programs going into 2019. Any portion of compensation paid to a licensed medical professional (e.g., MORE
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. W-4 Changes In 2020: What You Need to Know |Speakers: Paycor Compliance Team. Metric: Actual Total Compensation vs. Budget. MORE
It follows that employers who sponsor retirement savings plans for their eligible U.S. employees’ retirement savings. Like Social Security in the United States, some countries have a government pension system that will provide retirement income to residents in retirement. employer-sponsored retirement plans, it may be prudent in many countries to supplement workplace retirement savings through private retirement savings efforts. retirement plan. MORE
Having a healthy, competitive employee compensation program can improve existing employee morale and also make attracting top talent a breeze. Compensation data that’s in line with your competition can give your hiring managers important information they’ll need when making a job offer to a candidate (this applies to raises and bonuses as well). So, how’s your compensation management program looking? What is Compensation Management? Compliance and Compensation. MORE
Periodic risk assessments, updated policies and procedures, and ongoing training are critical to HIPAA compliance, said Kathryn Bakich, senior vice president at Segal Consulting. The HHS enforcement actions that result in publicized monetary settlements “almost always reflect some kind of cutting-edge problem,” said Bakich, head of Segal’s national health compliance practice and co-author of BLR’s Employer’s Guide to HIPAA Privacy Requirements. MORE
In yesterday’s Advisor , business consultant Bridget Miller wrote about some of the options out there for employer-provided retirement plans; today, Miller provides some more retirement choices for employers to consider. Individual Retirement Accounts, or IRAs, are commonly associated with individuals rather than businesses. HR.BLR.com is your one-stop solution for all your HR compliance and training needs. Compensation BLR HR IRA SIMPLE MORE
Offering your employees a retirement plan doesn’t have to be a burden on your budget. The federal government offers tax benefits to help make retirement plans more affordable for small businesses. Here are a couple of ways you can save some money by sponsoring a retirement plan. To qualify for the tax credit, you must have had 100 or fewer employees whom you paid at least $5,000 in the preceding year, and at least one employee must be non-highly compensated. MORE
The compensation management process lays the foundation for a company culture that recognizes and rewards strong performance. To achieve these goals, compensation management must encompass the following elements. 5 Legal Compliance. MORE
Employers and retirement plan administrators can apply the new rates as they prepare their plans for next year and conduct nondiscrimination testing. Decisions about raising thresholds important to retirement plan administration for each tax year are based on changes in the Consumer Price Index that meet the statutory thresholds for annual adjustment by the IRS. The compensation amount under Section 1.61 Retirement Plans. MORE
Here’s a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. Helping employees repay student loans: A recent IRS private letter ruling (PLR 201833012) validates one employer’s attempt to use contributions to its 401(k) plan to help employees save for retirement while repaying student loans. 2019 Compliance Update: The following limits are in place for 2019. IRC 401(a)(17) Compensation Limit. MORE
Department of Labor in August significantly increased its penalties for retirement plan sponsors who get caught making compliance errors before they correct them on their own. Compensation & Benefits HR Insights HR Management Legal - Compliance & Policies Retirement legal issuesThe U.S. MORE
The CARES Act aims to boost the economy with provisions that impact: unemployment insurance, business loans, employer-sponsored health insurance, retirement savings, and employer-provided education assistance. Compensation rules under this act do apply and include teleworkers. MORE
What is Executive Compensation? . Executive compensation programs are influenced by a variety of factors today. As a compensation manager, your primary concern should be the alignment of pay and performance. Compensation Strategy Allocation . Other retirement plans. MORE
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. Take a look at the 25 HR compliance terms you need to know as a manager: Affirmative Action Plan (AAP): A written set of specific, results-oriented procedures to be followed. Are you up to date on your HR compliance terms? MORE
This is just a sample of feedback from attendees at Paycor’s 2020 HR & Compliance Web Summit! Josh recognized six key areas of focus for HR professionals: recruiting, people management, benefits, compliance, labor costs and managing the employee experience. MORE
Saving for retirement should be simple. Put some of the blame on retirement’s complex terminology. Guideline believes that saving for retirement should be easy for everyone. Consider this glossary your secret decoder ring to all-things-retirement. MORE
When it comes to retirement planning, the options can sometimes seem overwhelming. Individuals may be able to participate in employer-sponsored plans, and they may also have their own separate retirement savings. Today and tomorrow, business consultant and HR Daily Advisor contributor Bridget Miller provides the basics on the various retirement benefit plans that employers may offer to employees. A defined benefit plan pays a set amount upon retirement. MORE
Retirement plan compliance priorities for Fiscal Year 2018 released September 28 by the Internal Revenue Service (IRS) indicated the agency’s Employee Plans (EP) unit will emphasize analyzing plan failure trends, refine outreach, and other communications about noncompliance, and enhance its knowledge management program. In an era of doing more with less, the IRS has shifted and consolidated several of its units to continue overseeing plan compliance. “To MORE
If you are looking for the right retirement plan for your small business – congratulations! The four most popular types of small business retirement plans are: Solo 401(k). Even if your small business has as few as 25 employees, a 401(k) may be the best retirement plan option for your dynamic, growing enterprise. Introducing Four Small Business Retirement Plans. The four plan options are all designed for tax-deferred growth of retirement savings. MORE
It’s essential that Compensation Management tools keep pace with market needs. On Tuesday, May 9 at 2 PM ET, Ceridian is partnering with The Wilson Group to discuss current Trends, Tools and Techniques Impacting Compensation Management. The Wilson Group is a consulting firm that helps companies devise strategies to assess, develop, and implement performance systems and total compensation plans. Compensation and performance trends over time. MORE
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 plans are highly regulated and owners must take care to be certain the plans comply with all of the rules. MORE
There’s no such thing as a one-size-fits-all approach to retirement. Below, we’ll dive into how the different plans compare—and how small businesses should approach choosing the right retirement plan. When you think of employer-sponsored retirement benefits, chances are that traditional 401(k) plans come to mind. Savings Incentive Match Plan for Employees Individual Retirement Accounts, or SIMPLE IRAs. Like other retirement plans, employee contributions are capped. MORE
Are you new to the Executive Compensation management field? Do you want to ensure that you have the fundamental knowledge necessary to establish Executive Compensation plans that will help to attract, motivate and retain the talent necessary to achieve your corporate objectives? MORE
Employers and retirement plan administrators can apply the new rates as they prepare their plans for next year and conduct nondiscrimination testing. Decisions about raising thresholds important to retirement plan administration for each tax year are based on changes in the Consumer Price Index; most did not meet the statutory thresholds for adjustment by the IRS for 2017. The compensation amount under Section 1.61 Retirement Plans. MORE
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. In addition, the annual compensation limit under Sections 401(a)(17), 404(l), 408(k)(3)(C), and 408(k)(6)(D)(ii) is rising to $280,000 from $275,000 in 2018. MORE
Compensation structures continue to evolve, and they usually do so to help organizations keep current with both market and workforce trends. Some may wonder what compensation structures are. Loosely, “compensation structure” refers to the various ways that companies can organize their pay practices. How have compensation structures developed? At a time when the workforce was motivated by pensions, retirement, and forming work families, broadbands fit. MORE
The compensation management process lays the foundation for a company culture that recognizes and rewards strong performance. To achieve these goals, compensation management must encompass the following elements. Compensation and benefits professionals use salary ranges to benchmark jobs within their industry to create structures for paying their employees. 5 Legal Compliance. MORE
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. What’s the definition of a highly compensated employee in 2019? How much can highly compensated employees contribute to a 401(k)? The post What’s the Definition of a Highly Compensated Employee? MORE
Retirement. Yes, 401(k) and retirement plans are considered benefits. Workers’ compensation. Workers’ compensation coverage is typically required of businesses, though there are some exceptions. Employment law compliance. Employment law compliance is complicated. MORE
This year’s continuing focus on the pandemic and growing concerns over business disruptions means your company needs to make sure its HR policies and procedures cover all areas of HR Compliance thoroughly. HR Compliance Checklist. HR Compliance Posters. Company Compliance. MORE
Organizations often worry about facing legal problems related to statutory compliances. With increasing non-compliance risks, it becomes necessary for the companies in India to have statutory compliance in HR in India. What is statutory compliance? MORE
Compensation Compensation & Benefits Defined Benefit Plan Dental Benefits Healthcare HR Insights HR Management Legal, Compliance & Policies Retirement Talent Management Voluntary Benefits FeaturedI have been having a debate with myself. It’s becoming both annoying and non-productive. So I thought I would invite you all into the dialogue. MORE
Digital HR Tech
FEBRUARY 10, 2021
Offering an appealing and generous compensation package is an important part of your employee value proposition. To stand out from other organizations, what should your compensation package include and how do you go about assembling one? Contents What is a compensation package?
TLNT: The Business of HR
JANUARY 12, 2017
Department of Labor in August significantly increased its penalties for retirement plan sponsors who get caught making compliance errors before they correct them on their own. Compensation & Benefits HR Insights HR Management Legal - Compliance & Policies Retirement legal issuesThe U.S.
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Decusoft
APRIL 1, 2021
What is Executive Compensation? . Executive compensation programs are influenced by a variety of factors today. As a compensation manager, your primary concern should be the alignment of pay and performance. Compensation Strategy Allocation . Other retirement plans.
Decusoft
APRIL 6, 2021
Are you new to the Executive Compensation management field? Do you want to ensure that you have the fundamental knowledge necessary to establish Executive Compensation plans that will help to attract, motivate and retain the talent necessary to achieve your corporate objectives?
Speaker: Bonnie Treichel, Senior Consultant & CCO, Multnomah Group
The world of work is changing. Today it is easier than ever to have employees in multiple cities across several states. Multistate offices used to be reserved for very large employers, but with today’s technology, even smaller employers can embrace this game changer. For employers, the multistate workforce allows the opportunity to cast a broader net to attract the best and brightest talent to the workplace. At the same time, it comes with challenges, including compliance with a variety of rules and regulations across different states and municipalities – some of which may conflict with federal law – and failure to comply could be quite costly.
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. Take a look at the 25 HR compliance terms you need to know as a manager: Affirmative Action Plan (AAP): A written set of specific, results-oriented procedures to be followed. Are you up to date on your HR compliance terms?
HR Times
APRIL 6, 2016
A defined contribution benefit plan option to help stabilize retirement and reduce risk. Will I be able to retire? More than 85 percent of Americans believe the nation is facing a retirement crisis 1 and 72 percent of surveyed employers feel only some employees will be ready for retirement. Retirement Annuity Accounts. A complement to current retirement plans. Compensation and Rewards defined benefit defined contribution insurance pension RAAs Retiremen
HR Digest
JULY 20, 2020
This year’s continuing focus on the pandemic and growing concerns over business disruptions means your company needs to make sure its HR policies and procedures cover all areas of HR Compliance thoroughly. HR Compliance Checklist. HR Compliance Posters. Company Compliance.
HRsoft
OCTOBER 19, 2020
The compensation management process lays the foundation for a company culture that recognizes and rewards strong performance. To achieve these goals, compensation management must encompass the following elements. 5 Legal Compliance.
HRsoft
MAY 16, 2019
The compensation management process lays the foundation for a company culture that recognizes and rewards strong performance. To achieve these goals, compensation management must encompass the following elements. Compensation and benefits professionals use salary ranges to benchmark jobs within their industry to create structures for paying their employees. 5 Legal Compliance.
Guideline
AUGUST 25, 2020
Saving for retirement should be simple. Put some of the blame on retirement’s complex terminology. Guideline believes that saving for retirement should be easy for everyone. Consider this glossary your secret decoder ring to all-things-retirement.
|
Guideline
OCTOBER 14, 2019
There’s no such thing as a one-size-fits-all approach to retirement. Below, we’ll dive into how the different plans compare—and how small businesses should approach choosing the right retirement plan. When you think of employer-sponsored retirement benefits, chances are that traditional 401(k) plans come to mind. Savings Incentive Match Plan for Employees Individual Retirement Accounts, or SIMPLE IRAs. Like other retirement plans, employee contributions are capped.
HR Daily Advisor
APRIL 22, 2015
When it comes to retirement planning, the options can sometimes seem overwhelming. Individuals may be able to participate in employer-sponsored plans, and they may also have their own separate retirement savings. Today and tomorrow, business consultant and HR Daily Advisor contributor Bridget Miller provides the basics on the various retirement benefit plans that employers may offer to employees. A defined benefit plan pays a set amount upon retirement.
Compensation Today
MAY 8, 2017
Compensation structures continue to evolve, and they usually do so to help organizations keep current with both market and workforce trends. Some may wonder what compensation structures are. Loosely, “compensation structure” refers to the various ways that companies can organize their pay practices. How have compensation structures developed? At a time when the workforce was motivated by pensions, retirement, and forming work families, broadbands fit.
Keka HR Blog
DECEMBER 28, 2020
Organizations often worry about facing legal problems related to statutory compliances. With increasing non-compliance risks, it becomes necessary for the companies in India to have statutory compliance in HR in India. What is statutory compliance?
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 is the most impactful change to the way non-profit organizations will plan their executive compensation programs going into 2019. Any portion of compensation paid to a licensed medical professional (e.g.,
HR Daily Advisor
NOVEMBER 22, 2016
Employers and retirement plan administrators can apply the new rates as they prepare their plans for next year and conduct nondiscrimination testing. Decisions about raising thresholds important to retirement plan administration for each tax year are based on changes in the Consumer Price Index; most did not meet the statutory thresholds for adjustment by the IRS for 2017. The compensation amount under Section 1.61 Retirement Plans.
Zenefits
MARCH 8, 2021
Benefits compliance means adhering to the federal, state, and local laws your mandatory and voluntary benefits are subject to. These agencies may assess penalties on employers whose benefit plans are out of compliance. State workers’ compensation laws. Benefits Compliance
HR Daily Advisor
SEPTEMBER 11, 2017
It follows that employers who sponsor retirement savings plans for their eligible U.S. employees’ retirement savings. Like Social Security in the United States, some countries have a government pension system that will provide retirement income to residents in retirement. employer-sponsored retirement plans, it may be prudent in many countries to supplement workplace retirement savings through private retirement savings efforts. retirement plan.
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. One change in the rule both brokers and advisers and employers will likely appreciate: an extension of the compliance deadline until Jan. Preserve access to retirement education. These are well-established standards in the law, simplifying compliance.
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. In addition, the annual compensation limit under Sections 401(a)(17), 404(l), 408(k)(3)(C), and 408(k)(6)(D)(ii) is rising to $280,000 from $275,000 in 2018.
Namely
APRIL 26, 2018
When it comes to retirement plans, the number one reason companies change their investment manager or recordkeeper is high fees. Not to mention, indirect compensation is often not disclosed, or disclosed in a complex and confusing manner, so as to prevent sponsors from conducting a transparent comparison of service providers and investment options. Custodian: The Custodian is the institution that holds the retirement assets.
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. Decisions about raising thresholds important to retirement plan administration for each tax year are based on changes in the Consumer Price Index that meet the statutory thresholds for annual adjustment by the IRS. The compensation amount under Section 1.61 Retirement Plans.
Ceridian
MAY 2, 2017
It’s essential that Compensation Management tools keep pace with market needs. On Tuesday, May 9 at 2 PM ET, Ceridian is partnering with The Wilson Group to discuss current Trends, Tools and Techniques Impacting Compensation Management. The Wilson Group is a consulting firm that helps companies devise strategies to assess, develop, and implement performance systems and total compensation plans. Compensation and performance trends over time.
TLNT: The Business of HR
JANUARY 14, 2016
Compensation Compensation & Benefits Defined Benefit Plan Dental Benefits Healthcare HR Insights HR Management Legal, Compliance & Policies Retirement Talent Management Voluntary Benefits FeaturedI have been having a debate with myself. It’s becoming both annoying and non-productive. So I thought I would invite you all into the dialogue.
HR Daily Advisor
NOVEMBER 2, 2017
Retirement plan compliance priorities for Fiscal Year 2018 released September 28 by the Internal Revenue Service (IRS) indicated the agency’s Employee Plans (EP) unit will emphasize analyzing plan failure trends, refine outreach, and other communications about noncompliance, and enhance its knowledge management program. In an era of doing more with less, the IRS has shifted and consolidated several of its units to continue overseeing plan compliance. “To
HR Daily Advisor
JULY 18, 2017
Periodic risk assessments, updated policies and procedures, and ongoing training are critical to HIPAA compliance, said Kathryn Bakich, senior vice president at Segal Consulting. The HHS enforcement actions that result in publicized monetary settlements “almost always reflect some kind of cutting-edge problem,” said Bakich, head of Segal’s national health compliance practice and co-author of BLR’s Employer’s Guide to HIPAA Privacy Requirements.
Tandem HR
JUNE 25, 2020
Retirement. Yes, 401(k) and retirement plans are considered benefits. Workers’ compensation. Workers’ compensation coverage is typically required of businesses, though there are some exceptions. Employment law compliance. Employment law compliance is complicated.
ForUsAll
AUGUST 10, 2018
If you are looking for the right retirement plan for your small business – congratulations! The four most popular types of small business retirement plans are: Solo 401(k). Even if your small business has as few as 25 employees, a 401(k) may be the best retirement plan option for your dynamic, growing enterprise. Introducing Four Small Business Retirement Plans. The four plan options are all designed for tax-deferred growth of retirement savings.
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 plans are highly regulated and owners must take care to be certain the plans comply with all of the rules.
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. W-4 Changes In 2020: What You Need to Know |Speakers: Paycor Compliance Team. Metric: Actual Total Compensation vs. Budget.
Bersin
FEBRUARY 25, 2019
Here’s a quick roundup of recent legislative and regulatory developments relating to employee benefits and compensation. Helping employees repay student loans: A recent IRS private letter ruling (PLR 201833012) validates one employer’s attempt to use contributions to its 401(k) plan to help employees save for retirement while repaying student loans. 2019 Compliance Update: The following limits are in place for 2019. IRC 401(a)(17) Compensation Limit.
Paycor
MARCH 23, 2020
This is just a sample of feedback from attendees at Paycor’s 2020 HR & Compliance Web Summit! Josh recognized six key areas of focus for HR professionals: recruiting, people management, benefits, compliance, labor costs and managing the employee experience.
Paycor
OCTOBER 22, 2019
Having a healthy, competitive employee compensation program can improve existing employee morale and also make attracting top talent a breeze. Compensation data that’s in line with your competition can give your hiring managers important information they’ll need when making a job offer to a candidate (this applies to raises and bonuses as well). So, how’s your compensation management program looking? What is Compensation Management? Compliance and Compensation.
Insperity
DECEMBER 12, 2012
Offering your employees a retirement plan doesn’t have to be a burden on your budget. The federal government offers tax benefits to help make retirement plans more affordable for small businesses. Here are a couple of ways you can save some money by sponsoring a retirement plan. To qualify for the tax credit, you must have had 100 or fewer employees whom you paid at least $5,000 in the preceding year, and at least one employee must be non-highly compensated.
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. What’s the definition of a highly compensated employee in 2019? How much can highly compensated employees contribute to a 401(k)? The post What’s the Definition of a Highly Compensated Employee?
HR Daily Advisor
APRIL 23, 2015
In yesterday’s Advisor , business consultant Bridget Miller wrote about some of the options out there for employer-provided retirement plans; today, Miller provides some more retirement choices for employers to consider. Individual Retirement Accounts, or IRAs, are commonly associated with individuals rather than businesses. HR.BLR.com is your one-stop solution for all your HR compliance and training needs. Compensation BLR HR IRA SIMPLE
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