McDermott Will & Emery Employee Benefits

NOVEMBER 10, 2023

On November 9, 2023, the Internal Revenue Service (IRS) announced cost-of-living adjustments to the applicable dollar limits for certain health and welfare plan benefits, including those for health flexible spending arrangements and commuter benefit plans, among other important updates.

Health and Welfare 105

Health and Welfare Employee Benefits Flexible Spending Flexible Spending Account 105

McDermott Will & Emery Employee Benefits

NOVEMBER 5, 2024

The Internal Revenue Service (IRS) has announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2025. Most of the dollar limits that are subject to adjustment for cost-of-living increases will increase for 2025.

Government 52

Government Employee Benefits Employment Health and Welfare 52

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

McDermott Will & Emery Employee Benefits

OCTOBER 21, 2022

The Internal Revenue Service (IRS) and the Social Security Administration announced the cost-of-living adjustments to the applicable dollar limits on various employer-sponsored retirement and welfare plans and the Social Security wage base for 2023.

Employee Benefits 98

Employee Benefits Flexible Spending Account Employment Health Savings Account 98

McDermott Will & Emery Employee Benefits

AUGUST 13, 2024

Recent lawsuits filed against the group health plans of two large US employers underscore the importance of implementing formal welfare benefit plan governance structures that include fiduciary committees comparable to the governance structures employer sponsors of retirement plans routinely adopt.

Health and Welfare 52

Health and Welfare Retirement Plan Government Employment 52

Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 12, 2024

The revised versions of these documents clarify that they apply not just to pension plans, but to health and welfare plans as well. This includes reviewing and improving upon the systems and practices of the plan sponsor and administrator as well as diligently monitoring the systems and practices of any plan vendors.

Health and Welfare 40

Health and Welfare Pension Insurance Employee Benefits 40

McDermott Will & Emery Employee Benefits

JANUARY 11, 2023

We recently reported on an FAQ issued December 23, 2022 (FAQ About Affordable Care Act and Consolidated Appropriations Act, 2021 Implementation Part 56) by the US Departments of Labor, Health and Human Services and the Treasury (collectively, the Departments).

Employee Benefits 98

Employee Benefits Health and Welfare Executive Compensation Retirement Plan 98

Benefit Resource Inc.

AUGUST 2, 2023

While the immediate cost-saving benefits may seem tempting, slashing employee benefits can have detrimental long-term effects on the workforce and the organization. The Importance of Benefits in the Big Picture Employee benefits play a crucial role in shaping the overall well-being and success of an organization.

Employee Benefits 52

Employee Benefits Health and Welfare Employee Loyalty Comprehensive Benefits 52

Best Money Moves

MAY 27, 2020

Coronavirus: early retirement withdrawals and savings by generation. New research examines how the COVID-19 pandemic has impacted retirement planning. New research shows COVID-19 has also had a significant impact on long-term financial planning. . How to Help Employees Save More for Retirement.

Health and Welfare 69

Health and Welfare Retirement Plan Insurance Employment 69

Empuls

OCTOBER 6, 2023

Calculating employee benefits is crucial in creating competitive compensation packages that attract and retain top talent. As employee satisfaction has taken center stage in business success, employers are more willing to offer comprehensive employee benefits.

Employee Benefits 40

Employee Benefits Health and Welfare Retirement Plan 401(k) 40

Snell & Wilmer Benefits

JANUARY 7, 2022

In Field Assistance Bulletin 2021-03 (12/31/21) (FAB), the Department of Labor (DOL) issued guidance and temporary enforcement policy to address the new 408(b)(2) disclosure requirements that apply to certain service providers to group health plans. The new disclosure rules applies to both small and large group health plans (i.e.,

Retirement Plan 40

Retirement Plan Health Insurance Consulting 40

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 20, 2023

This announcement follows the IRS’s release of the inflation adjustments for retirement plans last month. The IRS did not increase the annual contribution limit for dependent care flexible spending accounts because that limit is not indexed to inflation. The new limits are set forth below.

Transportation 59

Transportation Flexible Spending Account Flexible Spending Retirement Plan 59

Snell & Wilmer Benefits

MARCH 9, 2022

As reported in our January 7, 2022 SW Benefits Blog “ The DOL Asks and Answers Questions About the New Welfare Plan Fee Disclosure Rules ,” group health plans must now comply with the ERISA Section 408(b)(2) disclosure requirements. United States Department of Health and Human Services, et al.,

Health and Welfare 40

Health and Welfare Medical Retirement Plan Consulting 40

HR Digest

NOVEMBER 20, 2023

Review Fringe Benefits Many companies are often overly focused on monetary compensation and miss out on other supportive benefits their employees might enjoy. Employee benefit plans can offer additional monetary support such as retirement planning assistance, 401(k) plans , student loan assistance, dental insurance, etc.,

Recruitment 110

Recruitment IT 401(k) Health and Welfare 110

Higginbotham

FEBRUARY 14, 2023

White House Announces End of COVID-19 Emergency Periods – How This Will Impact Health Plans The Biden Administration has announced its plan to end the COVID-19 national emergency and public health emergency (PHE) on May 11, 2023.

Health and Welfare 52

Health and Welfare Human Resources Retirement Plan Deductible 52

Insperity

FEBRUARY 26, 2019

Knowing your payroll, employee benefits and other HR-related priorities are properly in place, and your business is compliant with all applicable laws, brings peace of mind that’s nothing short of transformative. How is an employee onboarded? A PEO can be instrumental in conducting human capital due diligence.

Health and Welfare 65

Health and Welfare Human Resources Payroll Retirement Plan 65

McDermott Will & Emery Employee Benefits

APRIL 6, 2022

The post Inflation and ERISA Penalties: Hand in Hand for 2022 appeared first on EMPLOYEE BENEFITS BLOG. The increased penalties generally apply to reporting and disclosure failures if the penalty is assessed after January 15, 2022, and if the violation occurred after […].

Employee Benefits 98

Employee Benefits Health and Welfare Executive Compensation Retirement Plan 98

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 12, 2024

Departments of Labor and Treasury issued a Joint Notice requiring the extension of certain benefit plan deadlines for individuals affected by Hurricanes Helene and Milton and Tropical Storm Helene. [1] 1] The deadline extensions echo relief issued during the COVID-19 pandemic, but apply to a more limited group of individuals.

Health and Welfare 40

Health and Welfare Electronics Pension Health Insurance 40

Empuls

DECEMBER 17, 2024

Companies are constantly seeking ways to stand out, and one of the most effective strategies is offering cool employee benefits. These benefits enhance the overall work experience and foster employee loyalty and satisfaction. Why offer cool benefits?

Parental Leave 40

Parental Leave Family and Medical Leave Act Health and Welfare PTO 40

McDermott Will & Emery Employee Benefits

JANUARY 9, 2025

Many countries finalized new regulations and released new guidance in 2024 that will impact global equity plans. This client alert highlights key updates from Canada, the European Union, the United Kingdom, Brazil, and other jurisdictions, and recommends steps companies should take to address them. Access the article.

Employment 52

Employment Equity Compensation Health and Welfare Executive Compensation 52

UpstartHR

FEBRUARY 11, 2021

CORE FUNCTIONS: Ability to consult, collaborate, and integrate into teams remotely; Facilitate human resources processes; Answer employee requests and questions; Collaborate with clients to execute human resources strategies to enable business objectives and support future business growth; Identifies and analyzes trends related to recurring issues (..)

Consulting 59

Consulting Human Resources Health and Welfare Recruitment 59

Empuls

MAY 29, 2023

Employee satisfaction is linked with workplace productivity and output. This is the reason why most of the companies go above and beyond to provide better welfare programs and other things that help them in taking care of their employees.

Employee Retention 40

Employee Retention Health and Welfare Finance Salary 40

Vantage Circle

SEPTEMBER 23, 2023

In today's tough job market, businesses need to attract and keep the best employees to succeed. In 2023, employee benefits are important for businesses. Welcome to “Employee Benefits Guide for 2023: What Employers Need to Know.” Why Are Employee Benefits Important?

Family and Medical Leave Act 59

Family and Medical Leave Act Employee Benefits 401(k) Employment 59