Here's a common rollover scenario: An individual leaves one employer for another. The previous employer offered a 401(k) plan. The individual rolls over the money in his or her 401(k) into an individual retirement account (IRA) sponsored by the new…
Benefits
Maine's Paid Family and Medical Leave (PFML) program began paying benefits on May 1, 2026. The state DOL runs the program with Aflac as claims administrator; payroll contributions have run since January 2025. PFML Contribution Math and W-2 Reporting For…
A new proposed rule from the Department of Labor’s Employee Benefits Security Administration outlines how 401(k) fiduciaries must assess alternative assets like private equity, private credit and real estate under ERISA’s prudence standard. The proposal includes a six-factor safe harbor…
EBSA FY 2025 Enforcement Snapshot $1.4B recovered for workers and plans 878 civil investigations closed 253 criminal investigations closed $512.5M restored to former employees Federal regulators recovered $1.4 billion for workers and benefit plans in FY 2025, according to a…
Finance rarely sees jury duty or bereavement as risk. They're payroll line items. Until courts link them to USERRA military leave – and eight-figure payouts. Case in point: The proposed $18.5 million settlement in Huntsman v. Southwest Airlines shows how…
Employers will see clearer control over pharmacy benefit costs and their impact on the income statement, with Finance and HR sharing more explicit oversight. The new California PBM law, Senate Bill 41, requires full rebate pass-through, prohibits spread pricing and…
With benefits costs climbing and new laws like SECURE 2.0 adding complexity, viewing employee benefits as a simple fixed cost is an outdated model. For finance leaders, the key is to start tracking benefits ROI (return on investment), not just…
Reassessing HSA employer contributions can increase participation while capturing meaningful payroll tax savings. Employer contributions to HSAs are exempt from Social Security and Medicare payroll taxes, saving roughly 7.65% on every dollar contributed. These tax advantages translate into real financial…
Financial wellness programs often sound expensive or complex, but the truth is that one simple step -- helping employees better understand their pay -- can move the needle quickly. From boosting retirement plan participation to reducing payroll errors, pay literacy…
Heads up, Finance pros: HR might be coming to you soon for input and approval on new OBBBA benefits changes. Much of the media coverage of the One Big Beautiful Bill Act (OBBBA) has focused on overtime pay and tax…
As employers finalize their 2026 budgets, rising healthcare costs are forcing tougher decisions in financial planning and employee benefits. Medical and prescription drug expenses are projected to increase by 8.4% next year, with pharmaceutical costs climbing even higher, according to…
Instant payouts are replacing traditional paychecks for millions of workers, according to a new PYMENTS Intelligence Report titled “Instant Payouts: The New Paycheck for a Real-Time Economy.” Consumers increasingly rely on transactional payments for income and earnings, with adoption rising…
