Tag: ADP

401K

401(k) Hardship Withdrawal Rules Explained

To ease employees’ concerns about access to their elective deferrals in the event of a financial emergency, an employer may provide for hardship withdrawals in its plan. This can provide some peace of mind during difficult times.

Millennials

How Do You Motivate Millennials? New Research Offers an Answer

Millennials, to many employers, are an enigma. Even though the oldest of them are now in their 30s, they continue to be the generation without a clear definition—you might even say that the defining characteristic of Millennials is in fact that they can’t be put neatly into a box. They’re meaning-makers. They’re experience-seekers. And now, they make […]

IRS Notice Brings Resolution to Safe Harbor Plan Midyear Amendment Problem

by Todd Castleton of Proskauer Rose LLP When retirement plan sponsors adopt a “safe harbor” 401(k) plan design, they are deemed to be compliant with the actual deferral percentage (ADP) and actual contribution percentage (ACP) nondiscrimination testing provisions of the Internal Revenue Code (IRS)—the federal tax Code.

EEO-1

Midsized Businesses Most Concerned about Government Regulation

A new ADP® study reveals that middle market employers’ concerns about government regulations have grown dramatically, superseding their concerns about the Affordable Care Act (ACA) and health care costs for the first time since the study’s inception in 2012.

For Compensation Plan Communication, Try Video

John Hyttinen, Senior Director of Total Rewards at payroll and business services giant ADP, needed to explain a bonus program to all employees. Before he could execute on it, he needed to identify his tactics. He started by determining guiding principles for the communication. While his own ideas would play a role, he really wanted […]

Who’s Using HRIS? Whose Are They Using? Survey Says …

In June 2012, BLR’s HRIS expert, Holly Jones, surveyed BLR customers on their HRIS use. An audio conference download was offered as premium for survey completion. Just under 600 HR Daily Advisor and HR Hero Line readers responded. According to Jones, important findings included: About half of respondents use an HRIS system and about half […]