Tag: benefits

financial wellness

How Helping Employees Get Financially Well Pays Off for Everyone

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?”

Sabbaticals to Attract and Retain Talent

Extended time off to pursue career and personal growth is a concept borrowed from academia, where sabbaticals remain highly popular. Yet, fewer companies now offer sabbaticals, at a time when surveys find “growth opportunity” is a priority for employees and job seekers.

Will Robo-Advisers Invade Your Defined Contribution Plan?

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 […]

To Do: Help Open Enrollment Get Noticed with Video

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.

IRS

Cafeteria Plan Forfeitures Explained By IRS

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).

hsa

IRS Addresses Another HSA-Medicare Issue

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.