Employers now have a bit more clarity when it comes to determining how to calculate the maximum amount of a participant’s 401(k) loan if they have taken out prior loans during the same plan year. (more…)
Payroll
Your state may soon be allowed to require employers to automatically enroll workers in savings plan if they don’t offer retirement benefits – if this bill passes. (more…)
What do employment attorneys see as the common thread that lands well-meaning employers in court time and time again? Costly mistakes by their front-line managers. (more…)
The U.S. Census Bureau holds an economic census during every year ending in 2 or 7, and that means 2017 is an economic census year. (more…)
While most employees are living paycheck to paycheck, there are reasons why funds will sometimes sit in your company’s bank account long after payday – and now, state laws about reporting unclaimed property are changing. (more…)
Despite the widespread use of complex and sophisticated systems, it looks like most payroll departments are still making some critical mistakes -- and those mistakes are making employees very, very unhappy. (more…)
For many finance managers, especially newer ones, performance-based conversations are uncomfortable. But these conversations are a critical part of the job and saying the wrong thing during these conversations can demoralize employees – especially if those staffers are already struggling. …
Occasionally, employers try some sneaky tactics to avoid paying employees the overtime they’re entitled to. This is the most egregious case of this kind of skullduggery we’ve ever come across. (more…)
Now may be a good time to get your Payroll folks to take a closer look at your retirement plan's hardship distribution procedures to see if they gibe with the feds' standards. (more…)
Finance deals in numbers all day. But how often are you generating numbers to find out how efficient your finance team is? (more…)
With the definition of earnings changing from one law to the next, it’s a relief to know that new information on the Consumer Credit Protection Act (CCPA) provides a few answers for your Payroll staff. (more…)
Finance chiefs should huddle with HR and put those staffers on alert. Reason: Cybercriminals are targeting HR professionals with a tax-season scam that's already hurt a number of employers. (more…)
