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How to Avoid a 401(k) Plan Audit

How to Avoid a 401(k) Plan Audit

Wednesday, May 25, 2016

In 2015, the Employee Benefits Security Administration (EBSA), through its enforcement of the Employee Retirement Income Security Act (ERISA), recovered $696.3 million for direct payment to plans, participants and beneficiaries. They closed 2,441 civil investigations, 275 criminal investigations and 201,000 inquiries through the informal complaint resolution process.

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Proposed EEOC Pay Reporting Rules

Proposed EEOC Pay Reporting Rules

Wednesday, May 11, 2016

Each year the Equal Employment Opportunity Commission (EEOC) collects data on the race, ethnicity, sex and job category of private sector employees. The data is then provided to the Office of Federal Contract Compliance Programs (OFCCP) at the Department of Labor.Employers with 100 or more employees—or those with fewer than 100 if the company is owned or affiliated with another company for a total of 100 or more employees—submit the data to the EEOC using Standard Form 100, also known as EEO-1. Federal contractors with 50 or more employees are also required to report employment data to the EEOC.

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Health Tops Retirement in Financial Resolutions

Health Tops Retirement in Financial Resolutions

Tuesday, April 5, 2016

Life expectancy is increasing, Social Security benefits are shrinking, and a recent study shows that 54 percent of Americans have too little saved to ensure an adequate income stream after they collect their last paycheck. Given these facts, you’d expect more of your workers’ New Year’s resolutions to focus on retirement—but that’s not the case.

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Are You Providing the Benefits Your Female Workforce Wants?

Are You Providing the Benefits Your Female Workforce Wants?

Tuesday, March 22, 2016

The number of women working in American businesses is continually increasing. According to data from the Bureau of Labor Statistics (BLS), the U.S. workforce was only 38 percent female in 1970. The most recent numbers show women now make up 47 percent. Whatever your company’s industry, they likely account for a sizable portion of your staff as well. And while keeping all of your employees engaged in their jobs is necessary to reduce costly turnover, retaining your female workers may require slightly different tactics.

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Creating a Competitive Benefit Plan

Creating a Competitive Benefit Plan

Monday, January 25, 2016

A successful business and a competitive employee benefits package go hand in hand; you’ll rarely find one without the other. Not only do generous perks attract more job candidates to your company, they also help you minimize employee turnover, improve morale and increase productivity. But don’t stop at paid time off and a 401(k) plan. Consider these voluntary employee benefits you should add today.

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