While some employees aren’t saving enough for retirement, some save too much in their plans and pay the price in penalties. Current State of Saving More than one-third of the U.S. population is unprepared for retirement, according to a...

6 Ways to Help Deal with Labor Shortages As the economy recovers from the pandemic there are more jobs than workers. At least more jobs than workers willing to take the jobs that are available. In fact, there are 3.5 million fewer people in the workforce...

The answer is yes, which is why it’s important to practice good cyber risk management. Cyber thieves love employee personnel records. With the information they steal from Social Security numbers, birth dates, work history, bank account information...

Handling FMLA leave can get complicated. The Family Medical Leave Act (FMLA), enacted by Congress in 1993 to protect jobs, allows employees to take time off work for two reasons: Injury or illnessTo care for a family member who has been injured...

The Biden Administration’s decision to extend unemployment benefits in response to the COVID-19 pandemic may significantly increase employers’ unemployment benefit tax costs for years to come. Employers fund unemployment benefits through...

Even as the country is regaining a sense of normalcy following the pandemic, the federal government has strengthened group health plans obligations for COVID-19 coverage. The Departments of Labor (DOL), Health and Human Services (HHS) and the Treasury...

Employers who sponsor 401(k) plans must ensure they are in compliance. The SECURE Act changes some employer responsibilities, but unfortunately not all of the necessary guidelines have been released by the Department of Labor or Internal Revenue...

Alternatives to the Traditional 401(k) One of the most popular group retirement plans is a 401(k). There are other options — such as PEPs, 403(b) and ESOPs — that might be a better fit for your company. First introduced in 1978, 401(k) plans are now...

What if an Employee Refuses to Get Vaccinated? You can fire employees who refuse to get vaccinated. Yes, you legally can say “you’re fired” (in most cases) if an employee refuses to get the COVID-19 vaccine.With vaccinations now readily available,...

The $1.9 trillion stimulus package known as the American Rescue Plan Act (ARPA) includes major changes to the longstanding federal-income-tax child and dependent care credit. Your employees who have dependent care expenses can get additional tax deductions...