The current standard for approving 401(k) hardship distributions
Employers that offer a 401(k) plan should generally encourage participants to invest as much as they…
Small employers: Don’t forget about the new and improved pension credit
At the very end of 2022, President Biden signed into law the Setting Every Community Up…
Consider a PEO to ease hiring and HR woes
With unemployment hitting record lows, many employers are struggling to fill key positions in their organizations.…
ACA information-reporting deadlines now permanently extended
Late in 2022, the IRS released final regulations addressing extended deadlines for certain information-reporting requirements of…
Communicating with employees is key to keeping them
The current job market is great — for applicants. The federal jobs report released in early…
The three essential elements of taxable wages
Employers are generally responsible — and liable — for applying employment taxes to wage payments. To…
2023 adjusted penalties for health benefits and other employer plans
The U.S. Department of Labor (DOL) recently announced the 2023 annual adjustments to civil monetary penalties…
SECURE 2.0 brings changes to employer-provided retirement plans
On December 29, 2022, President Biden signed the Consolidated Appropriations Act of 2023 into law. This…
Updated guidance on the employee payroll tax deferral
In late January, the IRS updated Notice 2020-65. It provides guidance regarding an executive memorandum signed…
How the new COVID-19 relief law affects retirement benefits
The Consolidated Appropriations Act (CAA) includes a wide variety of provisions that address the ongoing economic…