Learn about the change to hardship distributions employers may consider adopting. New legislation did not change what might constitute an individual hardship, but it does make hardship withdrawals easier to obtain for participants.
READ THE ARTICLE
OSHA recently released a memo clarifying how to apply standards when conducting compliance investigations. The federal regulations are still in place and remain unchanged, but the memo raises some concerns about post-accident drug testing.
About three million workers service equipment and face the risk of injury if lockout/tagout is not properly implemented. According to OSHA, compliance with the LOTO standard prevents an estimated 120 fatalities and 50,000 injuries each year.
READ THE ARTICLE
The end of the individual mandate penalty in 2019 does not change an employer’s 1094C/1095C reporting obligations. The information reported on the 1094C/1095C forms relates primarily to the employer mandate, which is not going away.
Earlier this year, Congress passed (and the President signed) the Bipartisan Budget Act which included several provisions affecting qualified retirement plans. As employers look ahead at planning for a new calendar year, let’s take a moment to discuss the change to hardship distributions employers may consider adopting. New legislation did not change what might constitute an individual hardship, but it does make hardship withdrawals easier to obtain for participants.
Perhaps the best analogy for a robo-advisor is the self-driving car: it’s cool and impressive — sometimes even useful — but in many situations the technology can be incompatible or downright dangerous. Robo-advisors can provide useful advice to the small-balance investor who wants to get pointed in the right direction, but if you are beyond this point, proceed with caution.
In our 2018 MarketPulse, we examine trends that are having the greatest impact on how organizations operate — and what they mean for you. These issues are likely to touch almost every employer in some way, and preparing for them now will keep you moving forward into the future. We'll be addressing the invasive impact of the opioid epidemic, skyrocketing costs of prescription drugs, cyber risk, financial well-being programs and other employee benefit strategies.
NEW for 2018. Find supporting materials at AssociatedBRC.com/MarketPulse so you can learn more about these trends and tap into the right solutions to help your organization succeed. And don't miss our new emerging trends section — promising tactics and strategies that are yet to become universally adopted, but that should be on your radar.
Download the PDF: MarketPulse 2018
On June 9, 2017, the Department of Labor finally permitted the long-awaited fiduciary rule to go into effect. Broadly, the rule fulfilled its initial promise: requiring all financial professionals who offer advice related to retirement savings to provided recommendations that are in an investor’s best interest. But many details still need to be reconciled over the next six months.
Download the PDF: Annual MarketPulse
Retirement plan sponsors are only indirectly affected by the fiduciary rule because the rule’s disclosure and compliance obligations fall primarily on the shoulders of investment advisors. But, depending on how the fiduciary rule’s status is resolved, it is possible that plan sponsors may be receiving updates and/or new disclosures from their investment advisors in the future. Plan sponsors should review any updates and disclosures they receive from their investment advisors and consider whether any new information affects their fiduciary duties to the plan participants.
We recognize that employees of all ages make important contributions to any organization. The goal is to help employees have the financial security to allow them to make the choice to retire when the time is right for them and to enjoy their retirement years. This benefits both the employees and the employer. While the benefits for the employees are fairly easily understood, the benefits to the employer may be less obvious.
Send a Message
Find a Location