All but the smallest businesses today are generally expected to offer employees “big picture” benefits such as health insurance and a retirement plan. Among the risks of doing so is that many popular plan types must comply with the Employee Retirement Income Security Act (ERISA). That means lots of rules and much documentation. No matter […]
What businesses can expect from a DOL benefits plan audit Read More »
If your small business has a retirement plan, and even if it doesn’t, you may see changes and benefits from a new law. The Setting Every Community Up for Retirement Enhancement 2.0 Act (SECURE 2.0) was recently signed into law. Provisions in the law will kick in over several years. SECURE 2.0 is meant to
How the new SECURE 2.0 law may affect your business Read More »
If you’ve been in business for a while, you’ve probably considered many different employee benefits. One option that might have crossed your desk is an employee stock ownership plan (ESOP). Strictly defined, an ESOP is considered a retirement plan for employees. But it can also play a role in succession planning by facilitating the transfer
Evaluating an ESOP from a succession planning perspective Read More »
In recent years, more and more businesses have increased efforts to support the well-being of their employees. This means not only providing health care benefits but also offering other initiatives designed to help workers cope with challenges such as substance dependence, financial planning, legal woes, and mental health issues. Among the options usually considered is
ERISA and EAPs: What’s the deal? Read More »
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