The Internal Revenue Service (IRS) has issued several changes to its preapproved qualified retirement plan program, in line with its phaseout at the beginning of 2017 of much of the determination letter program for individually designed plans.
From 401(k) plans to vacation policy, this topic gives HR and Compensation professionals specific strategies on how to handle benefit plans. Articles also provide guidance to brokers, advisers and consultants.
The U.S. Department of Labor (DOL) and a third-party administrator that provides employee health benefit plans with access to a network of doctors, hospitals, and other medical providers have reached an agreement in which the administrator has committed to improve its communications with health plans and to return certain fees the plans paid for claims […]
A New Jersey appellate recently heard claims from a former employee who alleged that she felt compelled to resign because of her supervisor’s inappropriate comments and other workplace disputes. Was the employee entitled to unemployment benefits?
Some 44% of workers say they worry about money while at their jobs, and 46% say they spend 2 to 3 hours of their employer’s time each week trying to handle personal financial matters, according to 2016 research from The Prudential Insurance Company of America titled “How Well Protected Are Employees Against Key Financial Risks?”
The term “robo-adviser” is used to describe a wide range of digital advice and technology solutions. But while robos have been touted as the wave of the future, there’s no denying that retirement investors still see value in the expert advice of human advisers. There may be potential benefits for defined contribution (DC) plans to […]
A new study explores the complexity of managing benefits and the value of multiyear planning to better position Human Resources as business strategists to the executive suite.
Did you end last year’s open enrollment with a list of things you wanted to improve? One prominent item on HR’s list of open enrollment enhancements is often the use of video communication. If it’s on your list, read on. In fact, if video isn’t on your list (or even your radar), read on anyway. You may find reasons to add it before we’re through.
Some light was shed on the rules related to cafeteria plan forfeitures when the plan sponsor ceases operations and terminates the plan, in Information Letter 2016-0077, issued earlier this year by the Internal Revenue Service (IRS).
A few months ago, the Internal Revenue Service (IRS) clarified in Information Letter 2016-0082 how Medicare enrollment and health savings account (HSA) eligibility sometimes collide when an employee retires shortly after turning the age of 65. More recently, the IRS provided guidance on another overlap between Medicare and HSAs—a rehire after Medicare enrollment.
The U.S. 8th Circuit Court of Appeals—which covers Arkansas, Iowa, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota—recently affirmed a lower court’s dismissal of a nurse’s lawsuit against her employer and its insurer, in which she claimed that the denial of insurance coverage for her son’s gender reassignment treatment amounted to sex discrimination.