Effective January 1, 2020, your employees must withdraw at least the minimum amount from their employer-sponsored 401(k) and IRAs (Individual Retirement Accounts) by age 72. The required minimum distribution (RMD) age was formerly 70½. The RMD...

Employees know they should save for retirement, but it’s not always easy. Many worry they don’t have enough money to put into retirement savings because they’re having difficulties paying bills. You can help employees save and maximize...

Disability, not death, is much more likely to cause someone to lose their home. If you only offer life insurance as an employee benefit, consider adding disability insurance if you want to provide more complete financial protection for employees...

The National Business Group on Health estimates that the average cost of coverage for an employee and their family will be $15,375. This is obviously bad news for small employers, even though they are not required by the federal employer mandate to...

Most people know that a 401(k) plan is a valuable retirement tool. It’s less well-known that a health savings account (HSA) also is a valuable retirement tool. Not only is an HSA a great way to save for medical expenses while employed, but the...

The U.S. Equal Employment Opportunity Commission (EEOC) reported that in 2018 it resolved 90,558 charges of workplace discrimination and collected $505 million for victims. Retaliation was the most frequently filed charge, followed by sex, disability...

Health care experts believe value-based care could lower costs and improve patient outcomes. The United States spends much more on health care per capita than other wealthy countries — $10,384 versus an average of $5,169, show studies such...

The 2020 presidential election is a year away, yet one issue already is grabbing the public’s attention. Many candidates are promising student loan forgiveness and free college. If you offer an employer-sponsored college savings plan, you’re...

Providing employees the opportunity to purchase dental insurance is not enough. Employee education is an important element when you offer voluntary benefits. A 2019 survey by the National Association of Dental Plans shows that approximately 47...

Nearly all of the dollar limits currently in effect for 2019 will experience minor increases for 2020. The Internal Revenue Service (IRS) and the Social Security Administration have increased the amount employees can save this year in their employer-sponsored...