It has never been more important to keep up with the recent trends surrounding employee benefits. After all, employee benefits are not as simple as a 401(k) plan and a healthcare plan anymore. Businesses are expanding their employee benefits and offering more resources every year. For the companies that want to improve employee retention and […]
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 recent regulations on association health plans (AHPs) would make it easier for employers to provide cost-effective health coverage in a variety of situations, according to comments from a major plan sponsor organization. Other stakeholders, however, worry that AHP expansion might open the door to widespread fraud.
The Internal Revenue Service (IRS) intends to issue opinion and advisory letters for some preapproved defined benefit (DB) pension plans restated for changes in plan qualification requirements, the IRS announced March 9.
A pair of recent studies suggest that high-deductible health plans (HDHPs) paired with health savings accounts (HSAs) will not displace more traditional plan designs to the extent once predicted.
U.S. Department of Labor (DOL) monetary recoveries on behalf of benefit programs and participants by its Employee Benefits Security Administration (EBSA) unit topped $1 billion for fiscal year 2017, 42 % greater than the $777.5 million recovered in FY 2016, statistics from the department showed.
The family contribution limit for a health savings account (HSA) for 2018 was reduced from $6,900 to $6,850 by the Internal Revenue Service (IRS), along with adjustments made to other IRS thresholds to reflect the recent tax legislation.
If you’ve ever lived in a small town or are over the age of 30, you’ll likely remember a time when your options for entertainment or products at the grocery store were limited. In today’s world, it’s all about bespoke, or personalization. No two people are alike and customizable preferences have become a way of […]
An employee was netted in a sex sting after he arranged for an escort while he was off duty. Instead of finding love, he found himself suspended from his job—and eventually terminated. Was the employee entitled to unemployment benefits?
The enactment of the Tax Cuts and Jobs Act (TCJA) on December 22, 2017, brought the most sweeping overhaul of the Internal Revenue Code (IRC) since 1986. Most of the changes took effect January 1, 2018. In part one of this article, we discussed the TCJA’s impact on employer provided fringe benefits, in regard to […]
Male sterilization and male contraceptives are not considered “preventive care” for health savings account (HSA) purposes, the Internal Revenue Service (IRS) confirmed in Notice 2018-12. However, the March 5 notice also provided transition relief for applicable fully insured plans at least through the end of 2019.