Chances are your retirement plan is already employing the use of automatic enrollment. Among non-government plans, the use of automatic enrollment remains at around seven in ten plans (71.4%). Unsurprisingly, most plans with auto enrollment offer it to new hires (94.5%). However, a solid quarter (25.4%) have auto-enrolled existing employees either as a one-time sweep…
An old business adage says, “Sales is a numbers game.” In other words, the more potential buyers you face, the better your chances of making sales. This isn’t completely true, of course; success also depends on execution. Nonetheless, when a company builds a pipeline to funnel prospects to its sales team, it will increase the…
It’s a matter of work vs. fun, right? No, the difference, at least from a tax perspective, is that you can fully deduct business expenses from income. Under the new tax law you can’t deduct any hobby expenses. No single factor is determinative, but you’re probably operating a business if: You have a profit motive.…
New Rule Changes Disability Claim Processing Requirements Effective for disability benefit claims filed after April 1, 2018, a new rule from the U.S. Department of Labor (DOL) requires ERISA-covered employee benefit plans offering disability benefits to provide additional procedural protections to claimants. The new rule ensures that protections for disability claimants parallel protections under the…
Certain Events Trigger 30 or 60-Day Special Enrollment Periods Under HIPAA, certain events that happen to employees or their dependents trigger a right to “special enroll” in a group health plan. Special enrollment allows individuals who previously declined health coverage to enroll in coverage outside of a plan’s open enrollment period. An employee and his…
IRS.gov Offers Many Easy-to-Use Online Tools With the April 17 federal income tax deadline fast approaching, the Internal Revenue Service (IRS) is reminding taxpayers that they can find most answers to their tax questions by taking advantage of the wide variety of easy-to-use online tools available on IRS.gov. The IRS’s many online tools allow taxpayers…
Law Effective July 1, 2018 A new law in Virginia expands certain National Guard employment protections (i.e., leave, reemployment, and nondiscrimination) to any person who is a member of the National Guard of another state who is employed or seeking employment in Virginia. Expanded Protections The new law extends National Guard employment rights (concerning leaves…
