The Case for the Welfare Plan Fiduciary Committee
McDermott Will & Emery Employee Benefits
OCTOBER 22, 2024
This recent article, published by the […]
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McDermott Will & Emery Employee Benefits
OCTOBER 22, 2024
This recent article, published by the […]
BerniePortal
SEPTEMBER 29, 2021
As employers prepare for open enrollment and begin planning recruitment strategies, it is crucial for teams to recognize how they can best maximize their health plan and benefits packages. For some employers, a multiple employer welfare arrangement (MEWA) can help.
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HR Lineup
APRIL 11, 2023
Employment is a significant part of our lives, and it comes with various benefits and perks. Employee benefits are non-wage compensations that are provided by employers to their employees, which may include health insurance, retirement plans, and vacation time. One of these benefits is the provision of employee benefits.
HR Lineup
MAY 28, 2024
Employee perks, also known as employee benefits or fringe benefits, are additional incentives provided by employers to their employees beyond their regular salaries or wages. Mental Health and Wellness Programs In 2024, mental health and wellness remain at the forefront of employee perks.
Employee Benefits
JANUARY 10, 2024
In the UK, tackling absenteeism in the office requires employers to understand and fulfil their legal obligations regarding the health, safety, and welfare of their employees. The Health and Safety at Work Act 1974 imposes a duty of care on employers to protect their employees from work-related stress.
Employee Benefits
OCTOBER 2, 2023
Employers are legally required to make reasonable workplace adjustments where possible for employees impacted by dementia to the point that it satisfies the disability definition. Employers should offer training for managers and staff on how to support someone with dementia in the workplace.
HR Digest
SEPTEMBER 16, 2023
Inflation is on the rise and so are the prices of everything, from gasoline to housing, with health benefits in the workplace the latest to report worrying numbers. Health benefits for employees are proving to be a huge investment for employers , with total health benefit cost per employee expected to rise 5.4%
McDermott Will & Emery Employee Benefits
DECEMBER 13, 2023
The enactment of the Affordable Care Act in 2010 led to a sharp increase in employers self-funding their group health insurance plans, with the market tripling in size in the decade that followed.
InterWest Insurance Services
DECEMBER 9, 2024
February 18, 2025 12:00 pm 1:00 pm Many employers struggle with how to handle health and welfare benefit eligibility and employee contributions during employee leaves of absence. We will help employers think through the compliance requirements for handling health and welfare benefits during different types of leave (e.g.,
Achievers
DECEMBER 19, 2023
Employee wellbeing is a holistic measure of the physical and emotional welfare of individuals at your workplace. You’re much more likely to want to stay in the job you’re in as well, along with telling others about how great your workplace is, boosting your organization’s employer brand. What is employee wellbeing?
Achievers
JUNE 20, 2017
In fact, the Society for Human Resource Management (SHRM) noted in its 2016 Employee Benefits survey report that 61 percent of HR professionals polled last year described their employees’ financial health as no better than “fair” and 17 percent reported their employees were “not at all financially literate.”. Offer Flexible Work Arrangements.
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.
Empuls
AUGUST 28, 2024
Furthermore, research shows that 73% of employees are significantly more likely to remain with an employer that provides a comprehensive benefits package. Employee benefits providers are organizations that specialize in designing, administering, and managing employee benefits packages on behalf of employers.
Employee Benefits
MAY 20, 2024
Health provider Novus Health has received living pension employer accreditation from the Living Wage Foundation. The employer delivers free audiology, physiotherapy and dermatology services on behalf of the NHS. The employer pays in at least 7%, or £1,630.
McDermott Will & Emery Employee Benefits
NOVEMBER 1, 2023
The Internal Revenue Service recently announced the cost-of-living adjustments to the applicable dollar limits for various employer-sponsored retirement and welfare plans for 2024. Certain health and welfare plan limits have not yet been released.
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.
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.
COMPackage
FEBRUARY 25, 2025
Incentive and welfare program for employee retention, building staffs loyalty reduce resignation rate for important talent, boss holding magnet to pull back resigned or leaving employee. Beyond salaries, offer benefits that align with employees needs, such as health insurance, retirement plans, and wellness programs.
Business Management Daily
JULY 2, 2020
Mental health among workers is essential not only for employee wellness but also for the welfare of your company. Mental health awareness programs in the workplace can help mitigate stress and improve employees’ wellness by identifying issues early, and providing support through things like Employee Assistance Programs.
WEX Inc.
APRIL 2, 2020
As an employer, HR professional or benefits administrator, chances are likely that matters related or as a result of COVID-19 are now at -- or near -- or exclusively -- the top of your daily agenda. Understanding the coronavirus and its impact on Health and Welfare is imperative. Can you offer remote work?
Achievers
APRIL 26, 2024
Wellness initiatives : Implement wellness programs or activities focused on nurses’ physical and mental well-being to show you care about their health. Department of Health, Education, and Welfare, proposed a “Nurse Day” to President Dwight D. Eisenhower.
WEX Inc.
APRIL 15, 2020
During this time of national emergency, benefitexpress remains committed to providing informational resources to help employers respond and remain compliant when handling its organization's most pressing concerns.
McDermott Will & Emery Employee Benefits
MARCH 2, 2023
On January 30, 2023, the Biden administration announced its intention to make final extensions of both the COVID-19 National Emergency (NE) and the COVID-19 Public Health Emergency (PHE) through May 11, 2023, at which point both will end.
HR Digest
JULY 30, 2023
As a business owner, you might feel like you’re navigating a treacherous maze when it comes to employment laws. In this article, we’ll be your guide, shedding light on the key employment laws you need to know. So, grab a cup of coffee, sit back, and let’s dive into the fascinating world of employment laws.
WEX Inc.
JUNE 21, 2019
In today's multi-generational workforce, health and wellness benefits are weighted equally with salary expectations. This has driven many employers to focus on providing solid health benefits not only to improve employee retention and engagement, but to attract top talent, as well. Reporting Disclosures. ERISA, COBRA & FMLA.
Insperity
MARCH 25, 2021
If you’re considering entering into an agreement with a professional employer organization (PEO) , chances are you have questions about how PEO pricing works. What is your employer overhead? Employer overhead (in excess of compensation) typically costs between 1.25% and 1.4% What kind of help do you value most?
HR Digest
SEPTEMBER 14, 2023
Many aspire to work at companies like Google, not just due to the pay they offer but because there seems to be no dearth of provisions for engaging employee and employer relationships. The focus on employee welfare started post-World War II when retirement and pension plans appeared as the biggest forms of employer care.
McNees
JANUARY 13, 2023
trillion dollar spending bill, contains provisions which modify the laws applicable to welfare benefit plans and retirement benefit plans. Below is a high-level list of the provisions of the Act which are effective in 2023 and which may affect your plan: Welfare Benefit Plans. The Act, a $1.7 Webinar.
Employee Benefits
APRIL 17, 2024
Employers need to ensure there is a culture where people can discuss financial concerns. Yet there are concerns this could have a negative impact on their mental health , adding to the stress they are already under. Instead, he has developed pay models which he believes work better for both employers and employees. “We
Professionals Alternative
JULY 24, 2023
It refers to the physical, mental, and emotional health of employees, and encompasses their overall satisfaction and engagement with their work. The Role of Employee Health in Overall Well-being Employee health is a fundamental component of overall well-being.
McDermott Will & Emery Employee Benefits
AUGUST 4, 2022
As of July 26, 2022, there are 3,591 confirmed cases of monkeypox in the United States, according to US Centers for Disease Control and Prevention (CDC) data, and the World Health Organization (WHO) Director-General has declared the multi-country monkeypox outbreak a Public Health Emergency of International Concern (PHEIC).
McDermott Will & Emery Employee Benefits
FEBRUARY 10, 2022
The Biden administration’s January guidance that group health plans and insurers cover the costs of at-home COVID-19 tests has rattled insurers and employers. The post Issues Mount as Health Plans Offer At-Home COVID-19 Tests appeared first on EMPLOYEE BENEFITS BLOG.
McDermott Will & Emery Employee Benefits
FEBRUARY 14, 2022
Even though the US Supreme Court blocked the US Occupational Safety and Health Administration’s (OSHA) vaccinate-or-test mandate for most employers, there is still confusion around who covers the cost for employee COVID-19 tests. In this Law360 article, McDermott’s Dawn Peacock outlines what employers need to know.
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.
Proskauer's Employee Benefits & Executive Compensa
AUGUST 26, 2022
While it is too soon to know whether the Fifth Circuit’s decision is an anomaly or a harbinger of greater judicial oversight of advisory opinions, employer plan sponsors, especially those in the Fifth Circuit, will want to pay close attention to future developments in this area.
McDermott Will & Emery Employee Benefits
FEBRUARY 24, 2022
US employers have grown increasingly interested in identifying incentives that increase COVID-19 vaccination among employees. The post Agencies Clarify How Employers Can Charge COVID-19 Vaccine Premium Incentives appeared first on EMPLOYEE BENEFITS BLOG.
Employee Benefits
JUNE 26, 2024
Employers have not only recognised the importance of employee wellbeing and mental health, but have begun to put it at the top of their people priorities list. This extends to mental health and taking reasonable steps to prevent and manage work-related stress. Clear policies and adequate training are a must.
Employee Benefits
MAY 23, 2023
Underfloor heating specialist firm Gaia Underfloor Heating has provided its workforce with training to promote mental health and staff wellbeing. Steven Rooney, director of Gaia Underfloor Heating, said: “Mind offers fantastic guidance and help for anyone with mental health problems.
Workplace Insight
OCTOBER 10, 2023
Conditions at home change rapidly, as does the safety and welfare of the employee. According to the Health and Safety Executive, 36.8 million working days were lost due to work-related ill health and non-fatal workplace injuries in 2021/22. This duty extends to physical, mental, and cognitive health and safety.
The Workcomp Writer
JUNE 3, 2022
Quoting Larson’s Workers’ Compensation Law , an Ohio appellate court affirmed a decision by the state’s Industrial Commission that had refused to consider various fringe benefits in the form of health and welfare benefits, as well as the employer’s contribution to several pension funds as “wages” or “earnings” under Ohio Rev.
Employee Benefits
MARCH 10, 2023
In a working world where there is a greater understanding of the importance of employee wellbeing and as more employees begin to work remotely, it is vital that employers are offering the right benefits to their colleagues. This can include free health insurance or a company car. What are flexible benefits?
McDermott Will & Emery Employee Benefits
AUGUST 10, 2023
In light of recent Internal Revenue Service (IRS) guidance, employers should carefully examine any supplemental health plan, program or arrangement (which may or may not claim to leverage fixed indemnity insurance) that promises substantial payroll tax savings.
WEX Inc.
APRIL 2, 2020
COVID-19 for employers webinar. As an employer, HR professional or benefits administrator, chances are likely that matters related or as a result of COVID-19 are now at -- or near -- or exclusively -- the top of your daily agenda. Understanding the coronavirus and its impact on Health and Welfare is imperative.
cipHR
JUNE 10, 2021
For employers, fewer restrictions now mean offices can open back up and employees can go back to working from the office. A recent survey carried out by CIPHR found that 75% of workers said that they are somewhat or very concerned for their welfare with regards to Covid-19 if they are required to return to the workplace in some capacity.
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