It’s the time of year when employers are thinking of creative ways to thank employees and provide a bit of holiday cheer. The gift you choose, however, could have tax consequences for employees, which may not be a welcome prize from their perspective.
As you’re scrolling through your e-mail, you notice a LinkedIn notification that one of your top performers has added a new job. Before you send out the bat signal to the recruitment team, you should read this article.
Yesterday we began to explore some of the changes that the Bipartisan Budget Act of 2018 has made to the Tax Cuts and Jobs Act, and what it all means. Today we will continue to explore the topic, including the definition of compensation and hardship distributions.
With unemployment hovering near record lows, employers are finding it tough to fill some positions. They’re starting to change tactics, often looking at previously ignored groups of jobseekers or changing how they attract applicants altogether. Let’s take a look.
The executive benefits and perquisites landscape may make you recall lessons from high school geology. Movement is often slow, but can result in dramatic shifts. As the competitive landscape adjusts to economic and societal forces, so do the ways companies seek to attract and retain their key executives. To find out whether (or how) benefits […]
Nearly all of us have at least heard of Employee Stock Ownership Plans—also known as ESOPs—but far fewer are sure exactly how they work and why organizations would want to offer them.
Employees will be able to contribute up to $2,650 to a health flexible spending account (FSA) in 2017, a $50 increase from the 2017 amount, the Internal Revenue Service (IRS) announced in Revenue Procedure 2017-58.
It isn’t the sexiest benefit on the menu, but life insurance might be the most heroic. Unfortunately, its value is often unappreciated until tragedy strikes.
The maximum wage base for Social Security tax will be $128,400 in 2018, up from $127,200 in 2017, the U.S. Social Security Administration (SSA) announced. (Note: The original 2018 wage base announced on October 13 was $128,700; this amount was revised by the SSA in late November.)
In this article, we’ll look at some of the key benefits 401(k)s provide to both employees and employers, as well as some important practical considerations. Many thanks to Arris Murphy, J.D., Contributing Editor to BLR’s The 401(k) Handbook, from which the material for this piece originated.