New Electronic Disclosure Rules Proposed by the DOL and its DetailsThe Department of Labor has proposed that retirement plans would need to have a new safe harbor process for the electronic delivery of participant notices. This comes as [...]
Essential Guide to Understanding ERISA Wrap DocumentsMany employers understand the significance of complying with ERISA (Employee Retirement Security Act) plan documents. These documents contain disclosure requirements for various retirement plans, including 401(k). But it’s startling to see some [...]
Here is how ERISA Compliance works.ERISA is a law that governs the operations of different retirement plans in the United States. The law also safeguards welfare benefit plans such as insurance plans for group life, dental, and other [...]
Understanding Plan Documents And ERISA benefits compliance in a blog post.What are Plan Documents?Plan documents are crucial in describing the terms and conditions of any given plan’s model of administration and operation. They are vital requirements for each [...]
Want Form 5500 Answers?The Form 5500 series is a joint development by the DOL, the IRS, and the PBGC. It is a series of returns used to register information on employee benefit plans. Created as a disclosure tool and document, [...]
ERISA Specifications for Employee Benefit Plan AdministrationAdministrative obligations have been imposed by the federal law Employee Retirement Income Security Act (ERISA) on employers having employee benefit programs. Employers who are providing employee welfare benefit programs like a retirement [...]
Summary Plan Descriptions (SPD) And All You Wanted To Know About ThemIt is imperative for the Benefit Plans, which are subject to the Employee Retirement Income Security Act (ERISA), to furnish the workers with an SPD (Summary Plan [...]
What is Form 5500?This is an annual report that your business needs to file with the Department of Labor (DOL) to report information about your 401(k) plan operations, investments, and financial conditions. In general, if you have a [...]
We are past the midway point of the new year, with the job market experiencing a few adjustments concerning benefits. Given the advancement of the digital age and the need for organizations to cut down costs in every [...]
Putting Humanity Into HR ComplianceWhat is HR? Why it is Criticized?Human Resources is a term that came about in the 1960’s which describes the development and management of employees within an organization. Human Resources often is focused upon [...]
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