Health Savings Accounts (HSAs) have become popular employer-sponsored fringe benefits. How popular? 51% of private industry workers in 2023 had access to the high-deductible health plans (HDHPs) that must be
If your organization sponsors a qualified retirement plan for employees, the new calendar year will likely bring inflation-based adjustments to more than one limit or threshold associated with your plan.
Imagine you just discovered your organization lost a substantial amount of money to fraud. You’d most likely be overcome with various emotions, including dismay and anger. However, as terrible as
In April of this year, the U.S. Department of Labor (DOL) announced it was rolling out a new final rule on eligibility for overtime pay. The announcement triggered mixed reactions
Annually, the IRS makes inflation-based cost-of-living adjustments (COLAs) to dollar limits applicable to many employer-sponsored fringe benefits for the upcoming year. In November, the tax agency published its COLAs in
As the year winds down, many employers have wrapped up open enrollment and are preparing to administer their 2025 benefits packages. One thing your organization should always keep an eye
As 2024 winds to a close, employers need to strategize about various issues for the next calendar year. One of these issues is compensation — specifically, how to handle pay
On November 5, 2024, Missouri voters passed Proposition A, a measure that raises the state minimum wage and mandates paid sick leave for many businesses. Here’s a breakdown of the
Qualified retirement plans have become fundamental elements of most employers’ benefits packages. The stakes of running these plans have gotten very high because so many people now rely on them
On November 1, the U.S. Bureau of Labor Statistics (BLS) published its Employment Situation Summary for October 2024. This report, commonly known as “the jobs report,” indicated a cooling hiring market,
