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The Multiemployer Retirement Plan Landscape: DB Takeaways

International Foundation of Employee Benefit Plans

According to recent data from Horizon Actuarial Services, LLC and the International Foundation of Employee Benefit Plans, the fifteen-year period between 2006 and 2020 was turbulent for multiemployer defined benefit (DB) pension plans.

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5 Best Compensation Tools 2022 in HRM

HR Lineup

The compensation tools in HRM below have proven beneficial to all types of businesses since most of them help in calculating employee benefits and compensation, making the entire process seamless. Random Walk Ventures LLC is responsible for the original creation of the planner in 2006. Merces Consulting Group.

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DOL Proposes Self-Correction Option and Other Changes to Voluntary Fiduciary Correction Program

Proskauer's Employee Benefits & Executive Compensa

Department of Labor (the “DOL”) proposed changes to its Voluntary Fiduciary Correction Program (the “VFCP”) in November for the first time since 2006. The most significant change is the addition of a self-correction option for delinquent deposits of participant contributions and loan repayments.

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Help Employees Understand the HSA Value Proposition

Corporate Synergies

It’s easy to understand why employees might confuse an HSA with a flexible spending account (FSA) or a health reimbursement arrangement (HRA), which both put limits on spending and/or contributions and may not roll over from year to year. million accounts in 2006 to over 22 million at the end of 2017.

401(k) 40
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Employee Focused Retirement Plans

HR Professionals Magazine

As an HR professional, you might read that title and think, “Duh – aren’t all retirement plans focused on employees?” Over the last 30 years, Defined Contribution Plans, or 401(k), plans have become a popular employer benefit option for saving for retirement. Well, yes and no. ELIGIBILITY.

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Laws And Regulations Every HR Professional Should Know In 2023

Empuls

Some jurisdictions now require certain types of preventative care to be included in employer-sponsored plans. In terms of retirement benefits, new regulations have been introduced that mandate more transparent communication about the investment options available in retirement plans and also the employer match percentages.