Most employers should be reviewing payroll budgets and job descriptions to ensure that changes to salaries and job classifications are all in order by the December 1 deadline based on the new overtime exempt salary threshold and other final rule changes to the Fair Labor Standards Act (FLSA). Another area that will be impacted by these changes and needs review now is employee benefits. Review…
It is not unusual for an entrepreneurial family, a group of physicians, or a fast-growing corporation to spin off pieces of a certain segment of a business or to open a completely new business with profits earned from an existing one. Don’t overlook related corporate entity issues in these situations.
Report shows people lack interest or knowledge of retirement plan fee.
U.S. retirees are collecting more in retirement income today from employer-sponsored plans than in the mid-1970s
62% of employees said they do not understand fees, which may indicate a need for employers to educate their workforce