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How incentive theory drives motivation and behavior in the workplace

Achievers

In this blog, we’ll explore how incentive theory shapes workplace strategies and the impact it has on employee engagement and performance. Whether it’s a financial perk, professional growth opportunity , or simple recognition, incentives help create a culture where employees feel valued and motivated to contribute their best.

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2025 employee benefits trends: What employers need to know

WEX Inc.

Additionally, health savings accounts (HSAs) continue to gain attention as a powerful tool for retirement planning, offering tax advantages and the ability to save for future healthcare costs. Employers should prepare for potential changes in healthcare policy, retirement plans, and wage laws.

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Forfeitures: Changing the Rules of the Game for Retirement Plans

McDermott Will & Emery Employee Benefits

The US Department of the Treasury and the Internal Revenue Service recently issued proposed regulations on the use of forfeitures by tax-qualified retirement plans. The proposed changes provide welcome clarity for plan sponsors but may require revisions to plan administration and legal plan documents.

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When Are Cryptocurrencies Appropriate Investments for Retirement Plans and IRAs?

McDermott Will & Emery Employee Benefits

The US Department of Labor (DOL) recently issued guidance for the first time on the investment of retirement plan assets in cryptocurrencies. The post When Are Cryptocurrencies Appropriate Investments for Retirement Plans and IRAs? appeared first on EMPLOYEE BENEFITS BLOG. Compliance Assistance Release No.

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Reminder: New Tax Forms for Retirement Plan Payment Withholding Effective January 1, 2023

McDermott Will & Emery Employee Benefits

Retirement plan sponsors need to utilize updated Form W-4P (for periodic pension and annuity payments) and new Form W-4R (for nonperiodic payments and eligible rollover distributions) for income tax withholding elections beginning January 1, 2023.

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4 considerations when choosing employee benefits for the first time

WEX Inc.

In the second blog post in our three-part series to educate first-time participants, we walk through a few factors you should consider when choosing among employee benefits accounts for the first time. Click here for the first blog post in our series on choosing a health plan for the first time.

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Homework and Deadlines Matter: New IRS Pre-Audit Compliance Program for Retirement Plans

McDermott Will & Emery Employee Benefits

Retirement plan sponsors should be aware of a new Internal Revenue Service (IRS) pilot program, which permits plan sponsors to conduct a pre-examination “check-up” of retirement plan administration before the IRS begins a plan examination.