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Form 720 and PCORI fee FAQs | PeopleKeep

PeopleKeep

Employers offering a self-insured medical reimbursement health plan, such as health reimbursement arrangements (HRAs), must pay this fee by July 31 each year (or August 1 if the date falls on a weekend) via Form 720 1. If you’re a small business owner, you may have heard of the acronym PCORI and the fees that come with it.

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4 ways to help all employees prepare for retirement

Best Money Moves

Employers are worried, too — 75% of employers fear that employees don’t have enough retirement savings , according to a TIAA survey and another 64% worry that employees may outlive their savings. Here’s how companies can help their employees prepare for retirement. . Focusing on other financial goals. Unable to afford long-term care.

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Top 10 California Laws, Regs for 2024: Part II

InterWest Insurance Services

No more non-competes Under two new laws, non-compete agreements with employees are expressly illegal starting in 2024 and if an employer requires one be signed, it could provide grounds for a lawsuit by the worker. SB 699 — This legislation bars employers from enforcing a non-compete agreement that is void under California law.

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Programmer Sociology: Key Factors Affecting Loyalty and Motivation of IT Companies’ Employees in The World and Eastern Europe

Hppy

According to the forecast by the Bureau of Labor Statistics, employment in the field of IT and computer technology in the United States for the period 2019-2029 will increase by an average of 11%. Thanks to this, more than half a million new jobs will be created, which is much higher than in other industries.

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June HR News Worth Review

Higginbotham

Employer Takeaway. Most employers have already been contacted by their carrier or third-party administrator (TPA) and will rely on their insurance carriers or TPAs to provide the MRFs. Still, these employers remain legally liable for compliance under the TiC Final Rules. Calculating the PCORI Fee Payment.

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June HR Update

Higginbotham

As a result, these fees will continue to apply for the 2020-2029 fiscal years. Employer Takeaway Using Part II, Number 133 of Form 720, issuers and plan sponsors are required to report the average number of lives covered under the plan separately for specified health insurance policies and applicable self-insured health plans.

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How to Win the War on Talent in the Financial Services and Banking Industry

Achievers

The number one thing employers in the banking and financial services industry can do to win the war on talent is to improve employee engagement throughout the company. Today’s employees rank trust and transparency high on the list of things they want from their employers. Financial workers want recognition.

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