Tag: retirement

retirement

ARA Seeks Expansion of IRS Self-Correction Program for Retirement Plans

The Internal Revenue Service (IRS) should modify its Employee Plans Compliance Resolution System (EPCRS) to expand its use by retirement plans seeking to self-correct errors, according to the American Retirement Association (ARA). Doing so would reduce the burden of newly increased Voluntary Correction Program (VCP) fees (see, IRS Adjusts Voluntary Correction Program User Fees Starting […]

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retirement

IRS May Expand Determination Letters for Some Retirement Plans

The Internal Revenue Service (IRS) said on April 5 that it may reopen its determination letter program to certain types of individually designed retirement plans, beyond the narrow set of circumstances in which such letters are currently available.

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benefits

Talent Retention: Nearly 25% of Workers Say Their Employer Does Not Offer ANY Benefits

Nearly 25% of full-time employees in the U.S. do not receive benefits, such as health insurance, retirement savings plan, or paid vacation, from their employers, according to a new survey by Clutch, a B2B research firm. These findings suggest that by not offering a benefits package, businesses risk losing out on top talent during the […]

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5 Ways to Boost Your Workers’ Financial Health

If your workers are like other Americans, they’re worried about their financial health. As Andrew S. Zito notes on the Employee Benefit News website, a recent Bankrate survey found that many Americans can’t come up with $500 for an emergency. Moreover, a survey by PriceWaterhouseCoopers suggests employers could be losing money due to productivity declines […]

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