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Retirees Are Re-entering the Workforce: What It Means for Employers

Zenefits

Retirement-aged employees, as well, found themselves heading for the door. The Employee Benefits News website says , “Retirement-aged employees were the first to go when COVID began.” As employers sought to cut costs to cope with the economic fallout from the pandemic, many decided to begin with retirement-aged employees.

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How to Handle Age Discrimination in Hiring and Retention

Zenefits

And while many consider 50 to be the age that tips older employees into the realm of ageism, workers as young as 40 have experienced age discrimination. Before we get into all the details, let’s define ageism, look at some examples, and highlight ways to reduce age discrimination in the office.

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What California Employers Need to Know About the 2022 Retirement Plan Deadline Mandate

Zenefits

To help California employees save for retirement, the state of California passed legislation requiring private sector employers in California to offer a qualified retirement plan. California’s retirement plan mandate: Background. California’s retirement plan mandate: Background. CalSavers: Employer obligations.

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What is 401k Discrimination Testing?

Zenefits

Every year, the Employee Retirement Income Security Act ( ERISA ) requires employers to undergo 401k discrimination testing to ensure plans are not discriminating against lower-income employees. What is a 401k discrimination testing? A common fear for HCEs is that their plan will fail discrimination tests.

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The Role of HR in Business Compliance

Zenefits

You know that there are several business compliance requirements you need to meet. For example, imagine if you put an entire product launch together only to find out that you forgot to consider the Americans with Disabilities Act (ADA) compliance components? Keep an eye on compliance-related issues. Maybe you do. Back to Vote.

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How HR Automation Can Help With Benefits Compliance

Zenefits

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. These agencies may assess penalties on employers whose benefit plans are out of compliance.

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Here’s the Ultimate Tool for Tax Compliance in 2019

Zenefits

I’m not a compliance expert, financial analyst, or tax advisor. I am a 30-year-old entrepreneur navigating the business world, attempting to get ahead in life by building new businesses and hopefully discovering that pot of gold along the way that leaves me happily retired. Sound familiar? are driven by “opportunity” not “need.”