HR Lineup

OCTOBER 20, 2024

In 2024, the HR outsourcing landscape offers a variety of providers with comprehensive solutions tailored to meet the needs of businesses of all sizes. Below are the ten best HR outsourcing services and companies to consider in 2024. Top 10 HR Outsourcing Companies in 2024 1. What is HR Outsourcing?

Payroll 79

Payroll Retirement Plan Workers’ Compensation Health Insurance 79

HR Lineup

OCTOBER 17, 2024

Here are the top 10 compensation courses and certifications you should consider in 2024 to bolster your expertise and career. Both certifications include comprehensive modules on compensation and benefits management , making them ideal for HR professionals seeking a broader understanding of total rewards.

Executive Compensation 77

Executive Compensation Retirement Plan Government Human Resources 77

Empuls

AUGUST 27, 2024

Now more than ever, employee benefit packages are considered important for the unwieldy terrain of today's job market. Only those organizations that understand how to use this most powerful approach to their advantage by including comprehensive benefits in kind do well in the market for acquiring and retaining key brainpower.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits 401(k) Benefits Package 40

Proskauer's Employee Benefits & Executive Compensa

JANUARY 16, 2024

Act of 2022 (“SECURE 2.0”), the IRS issued Notice 2024-02 , which addresses SECURE 2.0 implementation issues and extends the plan amendment deadline. Although Notice 2024-02 offers helpful guidance for employers and plan administrators, it does not include hotly anticipated guidance on SECURE 2.0 Before SECURE 2.0,

401(k) 111

401(k) Taxes Retirement Plan Employment 111

McDermott Will & Emery Employee Benefits

APRIL 9, 2024

If you employ part-time workers and/or engage independent contractors, sit up and take note: 2024 brings significant changes to how you must manage your workforce.

Employee Benefits 105

Employee Benefits 401(k) Employment Management 105

HR Lineup

MAY 28, 2024

As we step into 2024, the landscape of employee benefits and perks is continuously evolving. These programs go beyond the traditional healthcare and retirement plans, incorporating elements that cater to employees’ holistic well-being. What are Employee Perks?

Health and Welfare 77

Health and Welfare Retirement Plan Health Insurance Parental Leave 77

McDermott Will & Emery Employee Benefits

JANUARY 3, 2024

Beginning in 2024, employers and plan sponsors will need to implement new minimum eligibility rules, enacted by the SECURE and SECURE 2.0 Acts, that significantly expand eligibility for long-term, part-time employees to participate in employer-sponsored retirement plans.

Retirement Plan 105

Retirement Plan Employee Benefits Employment 401(k) 105

McDermott Will & Emery Employee Benefits

DECEMBER 20, 2023

The Internal Revenue Service (IRS) recently issued new guidance clarifying key aspects of the broadened retirement plan eligibility rule for long-term, part-time employees under the SECURE 2.0

401(k) 102

401(k) Retirement Plan Employee Benefits Employment 102

McDermott Will & Emery Employee Benefits

APRIL 4, 2024

In late December 2023, the Internal Revenue Service (IRS) issued Notice 2024-2 (the Notice), providing guidance on key provisions of the SECURE 2.0 Provisions appeared first on EMPLOYEE BENEFITS BLOG. Provisions appeared first on EMPLOYEE BENEFITS BLOG. Act of 2022 (SECURE 2.0).

Retirement Plan 80

Retirement Plan Employee Benefits 401(k) 80

Empuls

FEBRUARY 26, 2024

  Workplace dynamics are constantly evolving, the year 2024 promises a revolutionary shift in how organizations approach employee experience. From well-being to flexibility, continuous learning to personalized perks, let's understand the game-changing employee benefits trends that will take lead in the near future.

Employee Benefits 40

Employee Benefits Financial Counseling Healthcare Retirement Plan 40

Employee Benefits

MARCH 1, 2024

The top 10 most-read articles on employeebenefits.co.uk The top 10 most-read articles on employeebenefits.co.uk

Retirement Plan 52

Retirement Plan Pension Salary Payroll 52

Employee Benefits

JUNE 28, 2024

Nearly half (49%) of employers said they believe they are supporting their workforce’s financial wellbeing , while only 28% of employees agree, according to new research by Payroll Integrations. Half (54%) would prefer employers invest more in health insurance, while 43% would like more on retirement plans.

Retirement Plan 88

Retirement Plan Health Savings Account Health Insurance Employment 88

HR Lineup

JUNE 9, 2024

It centralizes employee data and automates various HR tasks, making it easier for HR departments to handle administrative functions and strategic activities. Here, we explore the ten best employee database software in 2024, evaluating their features, benefits, and potential drawbacks to help you make an informed decision.

Software 86

Software Payroll Human Resources Overtime 86

McDermott Will & Emery Employee Benefits

OCTOBER 1, 2024

Last month, the Internal Revenue Service (IRS) released long-awaited guidance on matching contributions for qualified student loan payments under § 401(k) of the Internal Revenue Code and other similar retirement plans.

401(k) 52

401(k) Retirement Plan Employee Benefits 52

Benefits Notes

AUGUST 9, 2022

On August 3, 2022, the IRS published Notice 2022-33, which extends the deadlines for amending retirement plans and IRAs to reflect certain changes to the law made by the SECURE Act; the Bipartisan American Miners Act; and section 2203 (allowing waiver of 2020 required minimum distributions) of the CARES Act. December 31, 2025.

Retirement Plan 97

Retirement Plan Pension Employee Benefits IT 97

Employee Benefits

DECEMBER 20, 2023

The current economic environment is causing disruption to the retirement plans of many. It is important that those retiring in 2024 understand their options, make informed decisions, and avoid making mistakes with their hard-earned savings. Pension Wise offer free appointments to talk about someone’s pension options.

Pension 52

Pension Taxes Retirement Plan Education 52

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 20, 2023

On November 9th, the IRS announced additional inflation adjustments for 2024, including to the annual contribution and carryover limits for healthcare flexible spending accounts and the monthly limit for qualified transportation fringe benefits. The new limits are set forth below.

Transportation 59

Transportation Flexible Spending Account Flexible Spending Retirement Plan 59

Employee Benefits

SEPTEMBER 20, 2024

More than half (55%) of employees said a retirement plan is more important than ever as 49% of workers aged 50 and older have already started phasing into retirement, according to research by global advisory and broking firm Willis Towers Watson (WTW).

Pension 102

Pension Retirement Plan Consulting Employment 102

Insperity

OCTOBER 10, 2023

To do this, the law makes broad changes to the foundation of retirement preparation in the U.S.: employer-sponsored 401(k) plans. All company retirement plans started in 2023 and thereafter must have an automatic enrollment and escalation provision – also known as “ you’re in unless you’re out.” The SECURE 2.0

401(k) 113

401(k) Retirement Plan Taxes Benefits Package 113

Benefits Notes

AUGUST 29, 2023

Act of 2022 (“SECURE 2.0”) required that effective as of January 1, 2024 , participants in 401(k) plans, 403(b) plans, or governmental 457(b) plans, who were age 50 or older and whose Social Security wages for the previous year exceed $145,000 (indexed), only be permitted to make catch-up contributions under such plans on a Roth (after-tax) basis.

401(k) 52

401(k) Retirement Plan Executive Compensation Taxes 52

Benefits Notes

DECEMBER 28, 2022

Congress made several changes to retirement plans as part of the Consolidated Appropriations Act of 2023 , which recently passed both the House and Senate. The final bill contains several provisions affecting retirement plans under Division T of the bill titled “Secure 2.0 Act of 2022.” Increase in Cash-out Limit.

401(k) 52

401(k) Retirement Plan Taxes Salary 52

Employee Benefits

AUGUST 21, 2024

Alan Sanderson, who leads the building society’s financial coaching and wellbeing programme, both internally and externally, says: “We looked at the pension scheme but also retirement planning in general, and the different ways [employees] can save.” We’re also seeing higher levels of colleague engagement.”

Pension 59

Pension Retirement Plan Insurance Recruitment 59

Snell & Wilmer Benefits

JULY 31, 2023

brought significant changes to retirement planning and distributions, including updating the Required Minimum Distribution (RMD) requirements. As background, RMDs are the minimum amounts that individuals who attain their “required beginning date” must withdraw from their retirement accounts each year.

401(k) 52

401(k) Retirement Plan Taxes Management 52

McDermott Will & Emery Employee Benefits

NOVEMBER 7, 2024

On October 3, 2024, the Internal Revenue Service (IRS) released Notice 2024-73, which provides guidance on the application of nondiscrimination rules under Internal Revenue Code § 403(b) for long-term, part-time employees.

401(k) 52

401(k) Retirement Plan Employee Benefits 52

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

The Consolidated Appropriations Act of 2023 (“CAA 2023”), signed into law on December 29, introduced sweeping reforms to the employee benefits landscape. cut scheduled for 2024. Not only do the CAA 2023’s “SECURE 2.0” Beginning in 2023, Medicare anticipated cutting its provider reimbursement rates by about 4.5%.

Deductions 98

Deductions Deductible Health Savings Account Retirement Plan 98

Best Money Moves

JULY 30, 2024

In a recent PeopleKeep survey, 81 percent of respondents felt that an employer’s benefits package was a deciding factor when accepting a new job. In fact, according to MetLife’s 2024 Employee Benefit Trends Study, 93 percent of employees consider workplace wellbeing as important as salary.

Benefits Package 59

Benefits Package Retirement Plan Education Utilities 59

Employee Benefits

FEBRUARY 12, 2024

Women need to work and save for an extra 19 years on average to retire with the same amount of money in their pension savings as a man, according to Now: Pensions and Pensions Policy Institute ‘s January 2024 gender pension gap report. appeared first on Employee Benefits.

Pension 104

Pension Parental Leave Employment Education 104

Snell & Wilmer Benefits

AUGUST 28, 2023

On August 25, 2023, the IRS issued Notice 2023-62 , which gives retirement plan sponsors a two-year administrative transition period to implement the SECURE 2.0 requirement that certain catch-up contributions to 401(k) and similar defined contribution plans be made on an after-tax Roth basis. More specifically, SECURE 2.0

401(k) 52

401(k) Retirement Plan Taxes Employee Benefits 52

InterWest Insurance Services

NOVEMBER 25, 2022

You’ll want to make note of the changes when discussing your employee benefits during annual open enrollment. The changes, which the IRS releases in November each year, will affect contribution limits for HSAs, FSAs and 401(k) and other retirement accounts. The catch: These funds must be spent by March 15, 2024.

401(k) 84

401(k) Deductible Deductions Flexible Spending Account 84

Empuls

JUNE 21, 2024

The research also revealed that up to 77% of workers with access to employer-sponsored benefits, chose to participate in the program, increasing the take-up rate.   A thoughtfully crafted retirement plan can positively impact employee morale.   Let's quantify the significance of retirement rewards. 

401(k) 40

401(k) Retirement Plan Pension roth 401(k) 40

McDermott Will & Emery Employee Benefits

OCTOBER 15, 2024

On August 19, 2024, the Internal Revenue Service issued Notice 2024-63 (the Notice), providing guidance regarding the implementation of Section 110 of the SECURE 2.0 Act of 2022, which permits employers with a 401(k) plan or 403(b) plan to provide matching contributions to employees based on employee student loan payments.

401(k) 52

401(k) Employment Retirement Plan Employee Benefits 52

Best Money Moves

AUGUST 6, 2024

Many employees cannot afford a $1000 emergency Having enough money for a rainy day is a key pillar of financial resiliency. In case of an emergency like car maintenance or an unexpected bill, a rainy day fund can help employees avoid debt from unexpected expenses.

Retirement Plan 105

Retirement Plan Benefits Package Medical Banking 105

Snell & Wilmer Benefits

JUNE 23, 2023

Currently, employers can (but are not required to) permit retirement plan participants who are age 50 or older to make catch-up contributions that exceed the otherwise applicable Section 402(g) limit (which is $22,500 for 2023). As of January 1, 2024, SECURE 2.0 The 2023 catch-up contribution limit is $7,500.

Retirement Plan 52

Retirement Plan Taxes Payroll Employment 52

Flimp Communications

NOVEMBER 8, 2024

As of fall 2024, there are a few signs the country is slowly but surely emerging from a harrowing economic ordeal. Over half of employers (54%) now offer financial wellness tools ; an additional 30% plan to offer financial wellness tools. But these are macro trends. And so far, financial wellness seems to be paying off.

Education 52

Education Finance Retirement Plan Banking 52

McDermott Will & Emery Employee Benefits

JULY 5, 2023

Act requires participants who earned more than $145,000 in FICA wages in the prior year from their current employer to make all catch-up contributions on a Roth basis beginning in 2024. Payroll Challenges Plague Roth Catch-Up Contribution Implementation appeared first on EMPLOYEE BENEFITS BLOG. The SECURE 2.0

Payroll 98

Payroll Deductible Deductions Employee Benefits 98

McDermott Will & Emery Employee Benefits

JULY 7, 2023

Act requires catch-up contributions made by certain high-wage earners to be made on a Roth basis beginning in 2024. Congress Clarifies Catch-Up Contributions Are Here to Stay appeared first on EMPLOYEE BENEFITS BLOG. Section 603 of the SECURE 2.0 Not surprisingly, that isn’t quite […] The post Just Catching Up?

Employee Benefits 97

Employee Benefits Retirement Plan IT 97

Proskauer's Employee Benefits & Executive Compensa

AUGUST 3, 2022

For calendar year plans that meant amendments had to be made by December 31, 2022. Collectively-bargained and governmental plans had until the last day of the plan year beginning on or after January 1, 2024.

Retirement Plan 105

Retirement Plan Government IT 105