Alternatives to the Traditional 401(k) One of the most popular group retirement plans is a 401(k). There are other options — such as PEPs, 403(b) and ESOPs — that might be a better fit for your company. First introduced in 1978, 401(k) plans are now...

What if an Employee Refuses to Get Vaccinated? You can fire employees who refuse to get vaccinated. Yes, you legally can say “you’re fired” (in most cases) if an employee refuses to get the COVID-19 vaccine.With vaccinations now readily available,...

The $1.9 trillion stimulus package known as the American Rescue Plan Act (ARPA) includes major changes to the longstanding federal-income-tax child and dependent care credit. Your employees who have dependent care expenses can get additional tax deductions...

Employee Benefits Headline News – May 26, 2021IRS Waives Taxes on Donated PTO The U.S. Internal Revenue Service (IRS) has special rules for leave-sharing during natural disasters. The IRS considers COVID-19 as a major disaster. It posted a set...

Employee Benefits Headline News – May 5, 2021COBRA and DCAP Recipients Get Help from $1.9 Trillion American Rescue Plan Act The American Rescue Plan Act of 2021 includes significant, temporary COBRA and DCAP changes. The American Rescue Plan...

Lawmakers are looking into legislation to shield employers against unreasonable liability due to the COVID-19 pandemic. While some states have enacted laws shielding business from some liability, guidance varies greatly between jurisdictions regarding...

How President Biden’s executive orders could affect health care coverage and the way we address the pandemic. There are new incentives and opportunities to get health care insurance for workers who lost their jobs and employer-sponsored health...

Your employees can use their 401(k) savings to help with the costs of a qualified birth or adoption. The 2019 Setting Every Community Up for Retirement Enhancement (SECURE) Act gives employers the option of allowing employees to take money out...

In March 2020, the Coronavirus Aid, Relief, and Economic Security (CARES) Act allowed people affected by the coronavirus to withdraw or borrow up to $100,000 from their 401(k), Individual Retirement Arrangement (IRA) or similar account without a 10...

Americans younger than 59½ will have a second chance to take money from their retirement accounts without paying a tax penalty — if they meet a new condition. Employees who don’t have access to an employer-sponsored retirement plan such as...