WEX Inc.

OCTOBER 2, 2024

If you’ve never been asked if you would like to participate in an employee benefits account before, you might be asking yourself, “What are all these acronyms?” Click here for the first blog post in our series on choosing a health plan for the first time. Assess your ability to cover the deductible before choosing this plan.

Employee Benefits 98

Employee Benefits Flexible Spending Account Health Savings Account Life Insurance 98

HR Lineup

OCTOBER 17, 2024

Both certifications include comprehensive modules on compensation and benefits management , making them ideal for HR professionals seeking a broader understanding of total rewards. Key Features: Covers compensation strategies, employee benefits, and performance incentives. Access to SHRM’s global network and resources.

Executive Compensation 244

Executive Compensation Retirement Plan Government Human Resources 244

Employee Benefit News

APRIL 24, 2024

Treating student loan payments as eligible for a 401(k) match will help young employees save for retirement while staying on top of their debt.

401(k) 278

401(k) Retirement Plan Employee Benefits 278

HR Lineup

SEPTEMBER 28, 2024

Benefits Administration: Tracks and manages employee benefits, such as health insurance, retirement plans , and leave policies. ATS Key Features of an HRIS: Centralized Employee Database: Store and manage all employee-related data in one place.

Human Resources 245

Human Resources Payroll Recruitment Retirement Plan 245

Employee Benefit News

APRIL 24, 2024

Treating student loan payments as eligible for a 401(k) match will help young employees save for retirement while staying on top of their debt.

401(k) 267

401(k) Retirement Plan Employee Benefits 267

Achievers

JUNE 6, 2022

What do you think of when employee benefits are mentioned? Traditional offerings like health insurance and retirement plans are likely the first things that come to mind. Building a great benefits program helps your company attract and retain the best talent possible, keeping team members engaged and happy.

Employee Benefits 281

Employee Benefits Family and Medical Leave Act 401(k) Retirement Plan 281

Employee Benefit News

MAY 18, 2023

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Retirement Plan 223

Retirement Plan Employee Benefits 223

Achievers

FEBRUARY 2, 2021

The term “employee benefits” is used regularly, but often with a limited, traditional definition in mind. The traditional concept refers to legally mandated benefits plus a few voluntarily added by employers. What are employee benefits? . Employee benefits are non-salary compensation and perks.

Employee Benefits 238

Employee Benefits Family and Medical Leave Act Employee Recognition Voluntary Benefits 238

Insperity

NOVEMBER 26, 2024

If you want your business to attract top talent in today’s job market and retain employees for the long term, one of the most powerful tools at your company’s disposal is competitive employee benefits. Let’s explore what employees expect so that you can stand out from your industry peers and recruit and keep the best.

Employee Benefits 72

Employee Benefits Family and Medical Leave Act PTO Flexible Spending Account 72

International Foundation of Employee Benefit Plans

JUNE 24, 2024

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.

Retirement Plan 103

Retirement Plan Pension Employee Benefits 103

International Foundation of Employee Benefit Plans

JULY 9, 2024

So far in 2024, the Department of Labor (DOL) has released proposals for plan administrators to populate a missing participant database and automatic portability of retirement plan accruals when employees change jobs.

Retirement Plan 109

Retirement Plan 401(k) Employee Benefits 109

International Foundation of Employee Benefit Plans

MAY 29, 2024

Fiduciaries have many responsibilities that stem from the duties of care, loyalty and prudence, including ensuring the correct benefits are paid to the correct participants and beneficiaries of the plan. Benefits Magazine authors Lisa L. Kaiser, CEBS, and Carey R.

Retirement Plan 104

Retirement Plan Employee Benefits 104

Employee Benefit News

JULY 1, 2024

A survey of employees with retirement plans found that while some are scared to invest, others simply don't know where to start.

Retirement Plan 305

Retirement Plan Employee Benefits 305

HR Lineup

APRIL 11, 2023

One of these benefits is the provision of employee benefits. Employee benefits are non-wage compensations that are provided by employers to their employees, which may include health insurance, retirement plans, and vacation time. Why are Global Benefits Services Important?

Retirement Plan 246

Retirement Plan Health and Welfare Health Insurance Benefit Providers 246

McDermott Will & Emery Employee Benefits

AUGUST 22, 2023

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.

Retirement Plan 98

Retirement Plan Taxes Employee Benefits 98

Best Money Moves

JANUARY 7, 2025

Moreover, employees view their employers as responsible for financial wellness efforts. According to MetLifes Employee Benefit Trends Study 2024 , 92% of employees want more consistent care from their employers. Wellness benefits must support both immediate financial challenges and long-term goals.

Retirement Plan 103

Retirement Plan Healthcare Benefits Recruitment Healthcare 103

Employee Benefit News

NOVEMBER 20, 2023

Goldman Sachs Asset Management utilized behavioral finance to address what makes retirement planning successful.

Retirement Plan 311

Retirement Plan Finance Utilities IT 311

International Foundation of Employee Benefit Plans

MAY 23, 2023

On February 27, 2023, the Internal Revenue Service (IRS) issued a proposed rule to clarify the use of forfeitures in qualified defined contribution (DC) and defined benefit (DB) retirement plans.

Retirement Plan 98

Retirement Plan Employee Benefits 98

McDermott Will & Emery Employee Benefits

DECEMBER 14, 2022

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.

Retirement Plan 98

Retirement Plan Taxes Pension Utilities 98

Proskauer's Employee Benefits & Executive Compensa

JUNE 6, 2022

Or at the very least, predict the timing of a retirement plan audit? Last Friday, the IRS Employee Plans division announced a new pilot program whereby it will notify retirement plan sponsors 90 days in advance that their plan has been selected for upcoming examination.

Retirement Plan 110

Retirement Plan Taxes IT 110

Employee Benefit News

NOVEMBER 28, 2023

Holistic communication can help educate employees on how to make the most of their retirement plans.

Retirement Plan 299

Retirement Plan Education 401(k) Employee Benefits 299

WEX Inc.

JUNE 13, 2023

And baby boomers are actually the highest percentage of retirement-account holders among any group segmented in a 2021 survey by the U.S. This lack of retirement planning by large segments of employees is leading to more stress for them and less productivity at work. First, offer retirement plans.

Retirement Plan 98

Retirement Plan 401(k) IT Healthcare 98

HR Lineup

FEBRUARY 14, 2023

NFP is a leading provider of employee benefits, wellbeing, and insurance solutions. Their mission is to help companies attract, retain and engage their employees through comprehensive and innovative benefits programs. One of the key benefits of working with NFP is the personalized approach they take to employee benefits.

Employee Benefits 130

Employee Benefits Flexible Spending Account Disability Insurance Flexible Spending 130

McDermott Will & Emery Employee Benefits

DECEMBER 12, 2024

With the 2025 plan year right around the corner, this is the ideal time for plan sponsors to ensure that plan operations comply with evolving legislative and regulatory requirements. This client alert highlights important regulatory changes that will impact retirement plans and health and welfare plans in the coming year.

Health and Welfare 52

Health and Welfare Retirement Plan Employee Benefits 401(k) 52

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 3, 2023

On November 1st, the IRS released a number of inflation adjustments for 2024, including to certain limits for qualified retirement plans. The table below provides an overview of the key adjustments for qualified retirement plans. As expected, this year’s adjustments are more modest than last year’s significant increases.

Retirement Plan 101

Retirement Plan Employee Compensation Taxes 401(k) 101

Proskauer's Employee Benefits & Executive Compensa

JANUARY 3, 2023

was signed into law on December 29, 2022 , making it important for plan sponsors and plan administrators to familiarize themselves with the new rules. Correction of Retirement Plan Overpayments. changes how retirement plan overpayments are corrected in two key ways, which are detailed below.

Retirement Plan 106

Retirement Plan Taxes Utilities Employment 106

Empuls

AUGUST 28, 2024

This not only highlights the importance of employee benefits in fostering loyalty and satisfaction but also underscores the potential risks for companies that fail to prioritize this aspect of their compensation strategy. What are employee benefits providers? This reduces the administrative burden on HR departments.

Benefit Providers 40

Benefit Providers Employee Benefits 401(k) Retirement Plan 40

Higginbotham

OCTOBER 29, 2024

Navigating employee benefits can be complex for employers, especially when balancing cost control with providing comprehensive offerings to workers. This is where a benefits broker can become indispensable. Talk to an Employee Benefits Broker What is a benefits broker?

Employee Benefits 52

Employee Benefits Insurance Carriers Disability Insurance Benefits Package 52

International Foundation of Employee Benefit Plans

JANUARY 17, 2024

Department of […] The post How the DOL’s Proposed Fiduciary Rule Would Affect Retirement Plans appeared first on Word on Benefits. Fiduciary investment advice rules have had a long history filled with ups, downs and mixed support. On October 31, 2023, the U.S.

Retirement Plan 101

Retirement Plan Employee Benefits 101

WEX Inc.

JULY 24, 2023

Fortunately, there’s an often overlooked way to help employees build wealth and prepare for retirement. Why HSAs for retirement planning? These accounts provide another way for your employees to diversify their efforts to prepare for retirement. Click below to get your free HSA retirement white paper.

Retirement Plan 98

Retirement Plan 401(k) Health Savings Account Taxes 98

HR Lineup

OCTOBER 18, 2023

Benefits Administration Software, often referred to as “Benefits Admin Software” or “BAS,” is a specialized technology solution designed to streamline and simplify the management of employee benefits programs. Top 10 Benefits Administration Software of 2023 1.

Software 246

Software Retirement Plan Health Insurance Payroll 246

McDermott Will & Emery Employee Benefits

SEPTEMBER 21, 2022

The post Save It for a Rainy Day: Recent Amendment Extensions for Qualified Retirement Plans, 403(b) Plans and Individual Retirement Accounts appeared first on EMPLOYEE BENEFITS BLOG.

Retirement Plan 98

Retirement Plan IT Employee Benefits Executive Compensation 98

International Foundation of Employee Benefit Plans

JANUARY 13, 2023

Plan sponsors and administrators are encouraged to reference these comprehensive calendars to stay on track in 2023. Health and Retirement Plans Subject to ERISA (Includes Multiemployer Plans) Health and Welfare.

Health and Welfare 104

Health and Welfare Employee Benefits Retirement Plan 401(k) 104

International Foundation of Employee Benefit Plans

MAY 25, 2023

The Treasury Department and the Internal Revenue Service (IRS) temporarily allowed, in light of COVID-19 pandemic restrictions, electronic alternatives to physical presence requirements for retirement plan participants’ elections that required spousal consent.

Retirement Plan 98

Retirement Plan Electronics Employee Benefits 98

International Foundation of Employee Benefit Plans

DECEMBER 27, 2024

Its become easier for plan participants to take distributions from their defined contribution (DC) retirement plan account balances, but plan sponsors still have a fiduciary duty to ensure that the need for these distributions is real.

Retirement Plan 109

Retirement Plan 401(k) Employee Benefits IT 109

Best Money Moves

DECEMBER 7, 2021

Financial Wellness: The must-have employee benefit in 2022. If you aren’t incorporating financial wellness into your 2022 benefits strategy, your employees are missing out. The COVID-19 pandemic has had a long-lasting impact on your employees’ financial health. But not all of your employees are financially stable.

Employee Benefits 122

Employee Benefits Retirement Plan Finance Benefits Package 122

Employee Benefit News

JULY 29, 2024

From health insurance to retirement plans, a new survey revealed that women want stability before flexibility.

Retirement Plan 220

Retirement Plan Health Insurance Insurance Employee Retention 220