Electronic Delivery Could Save Billions

Electronic Delivery Could Save Billions

On May 21, 2020 The US Department of Labor and Employee Benefits Security Administration (EBSA) announced the publication of a final rule that will allow employers to communicate the required retirement plan disclosures and other plan information electronically.  READ...
Understanding the CARES ACT

Understanding the CARES ACT

ON FRIDAY, MARCH 27, 2020, THE CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY ACT (CARES ACT), A MASSIVE RELIEF BILL FOR THOSE SUFFERING AS A RESULT OF THE CORONAVIRUS PANDEMIC < WAS SIGNED INTO LAW. Besides the generalized financial relief afforded to individuals,...
The CARES Act is Enacted into Law

The CARES Act is Enacted into Law

The CARES Act is Enacted into Law: The coronavirus (COVID-19) emergency is presenting unique challenges for employers across the country and their employees. Employers are facing closures of offices and businesses, resulting in employees being laid off/furloughed to...
WHY CAN’T I KEEP ALL THE CANDY?

WHY CAN’T I KEEP ALL THE CANDY?

ADP/ACP testing teaches us to share My daughter’s teacher performed an interesting experiment.  The teacher handed out bite size candy to all the students and told them to not eat them just yet.  Some received more than others, and, in this exercise, it was random who...
What a difference a day makes

What a difference a day makes

A few months ago, I bought a car. I thought it would be fun to get an upgrade and get all the new fancy features that a newer car would bring me. The backup camera, Bluetooth, leather seats, the works! But as most people do, I needed a loan to buy this car. So I went...
5 Common Plan Compensation Mistakes

5 Common Plan Compensation Mistakes

Calculating compensation is one of the most common errors plan sponsors have when providing data to us.  We can’t administer your plan properly unless we have accurate compensation information.  Below is a list of five most common mistakes: 1. Using Box 1 or Box 5...

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