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Plan Sponsors: Have You Received Fee Disclosure From Service Providers?
The new Department of Labor rule that went in to effect on July 1, 2012 is intended to increase transparency and to assist plan fiduciaries with understanding and evaluating plan fees and expenses...
View ArticleSavings Tips for New Employees
1. Find the money and get started Take a look at what you’re earning and how much you’re spending. Put together a budget, and find some money to put into savings. Some ideas are: • Take your lunch,...
View Article10 Ways to Prepare for Retirement
Financial security in retirement doesn’t just happen. It takes planning and commitment and, yes, money. Here are some facts: Fewer than half of Americans have calculated how much they need to save for...
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Target Date Retirement Funds- An Overview
Investing for retirement can be complex. When deciding where to invest, you may need to make a variety of decisions, including how to balance the risk of losing money with the desire to increase your...
View ArticleEmployee Compensation: Employer Cost Averages $30.80 per Hour in September
Employer costs for employee compensation averaged $30.80 per hour worked in September 2012, the U.S. Bureau of Labor Statistics reported. Wages and salaries averaged $21.32 per hour worked and...
View Article10 Common Causes of Errors in Pension Calculation
• All relevant compensation, such as commissions, overtime, and bonuses, if these were included in the plan, was not included in calculating pension benefits. • The calculation was not based on all...
View ArticleSave For Retirement and Earn IRS Special Tax Credit
According to the Internal Revenue Service IRS, low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2012 and the years ahead. The saver’s credit...
View ArticleIRS Raises 401(k) and Profit-Sharing Plan Contribution Limits
The IRS has raised the annual limit on contributions to 401(k) plans to $17,500 from $17,000. For both traditional and Roth IRAs, the annual contribution limit rises to $5,500 from $5,000. According to...
View ArticlePBGC Sues the Renco Group for $97 Million in Pension Liabilities
The Pension Benefit Guaranty Corporation has filed a lawsuit seeking $97 million from The Renco Group Inc. and its affiliates for attempting to evade their pension obligations. The New York-based...
View ArticleEmployers Spend $28.89 per Hour for Employee Compensation in Dec. 2012
Compensation data for December 2012 shows that private industry employers spent an average of $28.89 per hour worked for total employee compensation, the U.S. Bureau of Labor Statistics reported. Wages...
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Retirement Savings Options for Self-Employed and Small Businesses
Payroll Deduction IRAs Even if an employer does not want to adopt a retirement plan, the employer can allow its employees to contribute to an IRA through payroll deductions, providing a simple and...
View ArticleGovernor Brewer Signs Medicaid Expansion Plan
Joined by a bipartisan coalition of lawmakers, business leaders, health care executives and others, Governor Brewer sign into law historic legislation enacting the Medicaid Restoration Plan. Given the...
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New Standards for Digital Radiography in Black Lung Claims Issued
Interested stakeholders are requested to comment on a direct final rule and a companion proposed rule adopting updated standards for administering and interpreting digital radio-graphs for the Federal...
View ArticleMinimum Wage Myth Buster
Myth: Raising the minimum wage will benefit only teenagers. Not true: The typical minimum wage worker is not a high-school student earning weekend pocket money. In fact, less than 20 percent of those...
View ArticleNew Study Uncovers the Source of Employee Engagement
With organizational changes and economic challenges facing companies today, employee engagement is on the decline. A recent study by Dale Carnegie Training reveals that 29% of employees are fully...
View ArticleForty-Nine Percent of Workers Do Not Negotiate Job Offers- CareerBuilder
A failure to negotiate job offers means many workers are leaving money on the table. A new CareerBuilder survey finds that even though 45 percent of employers are willing – and expect – to negotiate...
View ArticleTips for Simplified Business Holiday Gift Giving and Improving Client Retention
September may seem too early to think of client holiday gift giving, but it is the ideal time for stress free planning and ordering. “Clients do not know you value and appreciate their business unless...
View ArticleNew Report Examines CEO Realizable Pay, an Emerging Concept in Executive...
Equilar, the leader in executive compensation bench-marking and governance research, released a study analyzing CEO Realizable Pay in the S&P 500. The Realizable Pay calculation continues to grow...
View ArticleTying Energy Efficiency to Compensation and Performance Reviews
Last year, commercial and industrial buildings used roughly 50% of the energy in the U.S. economy at a cost of over $400 billion. These buildings and operations can be made much more efficient using a...
View ArticleIRS announces COLA for 2014 Pension Plan Limitations
The Internal Revenue Service announced cost‑of‑living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2014. Some pension limitations such as...
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