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The Essential Features of Benefits Administration Software

Netchex HR Blog

Benefits administration involves lots of moving parts. Your employees need options to be able to sign up for the benefits they prefer (especially when there’s an employee contribution), and your company needs to ensure accuracy, efficiency, and compliance.

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What is ERISA?

HR Daily Advisor

ERISA stands for the Employee Retirement Income Security Act of 1974. In short, this is the federal law that creates standards for retirement, health, and pension plans. Even though such plans are typically set up privately, employers that opt to offer them have an obligation to meet the requirements under ERISA when implementing their plans. The Act advises when employees must be allowed to join the plan.

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Penalties for Benefits Noncompliance

Zenefits

Inflation is not only fueling price increases; it’s also requiring employers to pay more in penalties for not complying with benefits laws under the Employee Retirement and Income Security Act of 1974 (ERISA). The U.S. History of benefits compliance.

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HR acronyms and abbreviations you need to know

Bob

The many abbreviations and acronyms used by HR professionals can make it hard for people to understand and navigate HR conversations and challenges. This comprehensive list of the most common HR acronyms and human resources abbreviations can help you find your way. DB: Defined Benefit.

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“Establish a security program”, With Jason Remillard and Stuart Lerner

Thrive Global

Encrypt everything so that in the event your data is stolen, it can’t be read. Since users are the weakest link in the information security chain, phishing tests are extremely important. I played many sports growing up and learned the importance of teamwork at an early age.