Limited Plan Audits Are History: What 401k Plan Sponsors Should Know
The Employee Retirement Income Security Act of 1974 (ERISA) requires 401k plans with 100 or more eligible participants to file an audit ...
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12 DOL Best Practices for 401k Plan Cybersecurity Measures
The U.S. Department of Labor (DOL) recently issued cybersecurity guidance for 401k plan sponsors, recordkeepers, other vendors, participants, and ...
No Surprises Act: New Final Rule and Guidance
On August 19, 2022, the Department of Health and Human Services, Department of Labor, and Department of Treasury (collectively, the Departments) issued ...
The IRS’s New Pre-Audit Retirement Plan Compliance Pilot Program
On June 3, 2022, the Internal Revenue Service (IRS) announced a new pre-audit compliance pilot program (Program) for retirement plans, including 401ks.1 ...
Illinois Expands Unpaid Bereavement Leave
On June 9, 2022, Illinois Governor JB Pritzker signed the Family Bereavement Leave Act (FBLA) (SB 3120) into law which amends the existing ...
Roundup of New Paid Sick Leave: New Mexico, Bloomington, Minnesota, & West Hollywood, California
This article rounds up recent updates to state paid sick leave programs in New Mexico, Bloomington, Minnesota, and West Hollywood, ...
[Updated] 5 Things You Should Know About California’s Retirement Plan Mandate
California small businesses or nonprofits with at least five employees must now offer a retirement plan to all adult employees, ...
San Francisco’s New Paid Public Health Emergency Leave Goes into Effect October 1, 2022
In July of this year, San Francisco voters approved Proposition G, the Public Health Emergency Leave (PHEL) Ordinance (“Ordinance”), which ...
Inflation Reduction Act of 2022: Group Health Plan Impact
On August 16, 2022, President Biden signed into law the Inflation Reduction Act of 2022 (the Act) impacting a broad range of issues ...
5 Total People Investment Insights for Your Next Board Meeting
Maintaining oversight despite an often-fragmented HR ecosystem, trying to keep a distributed workforce engaged, and ensuring your rewards programs are ...