Employee benefits are always a hot topic, and for good reasons – they constitute a major factor in recruiting and retaining top talent. A recent mandate from the state of New Jersey is sure...
The IRS recently announced that the amount individuals can contribute to their 401(k) plans will increase in 2022. The tax agency has also announced other cost‑of‑living adjustments affecting dollar limitations for pension plans and...
As an employer, you’re no doubt aware of your obligation to submit payroll tax payments to the federal government. However, you may have more control of those payments than you’re aware. In recent guidance,...
In Notice 2021-48, the IRS recently provided guidance on changes made under the American Rescue Plan Act (ARPA) to the funding rules for single-employer defined benefit pension plans. The guidance also addresses the funding-based...
Many employers have asked employees to submit proof of a COVID-19 vaccination before returning to work in an office or other facility. According to the U.S. Equal Employment Opportunity Commission (EEOC), it’s permissible to...
The American Rescue Plan Act (ARPA), signed into law earlier this year, amended and extended the tax credits available to eligible employers that provide paid sick and family leave. This relief is consistent with...
Many employers intend to allow certain employees to continue working remotely and, in fact, some employees are demanding the option to do so.
Among the many issues raised by this development is the impact on...
Vaccines for COVID-19 have been available for months now. As of this writing, about half of adults in the United States are fully vaccinated, and many more than that have had at least one...
A health care plan with fewer than 50 participants that’s administered by a sponsoring employer may have fewer compliance hassles. That’s because it’s excluded from the definition of a “group health plan” under administrative...
Employers that sponsor employee benefit plans under the Employee Retirement Income Security Act (ERISA) face many challenges. Not the least of these is cybersecurity.
In an effort to help, the U.S. Department of Labor’s Employee...