The Form 5500 is due seven months after the end of the plan year. Under ERISA, the 2019 maximum penalty for failing to file the form has increased from $2,140 to $2,194 per day. Let's take a look at the basic requirements.
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In the competition for talent, industry experts anticipate there will be a 24% increase in the number of companies offering student loan debt repayment programs as an employee benefit this year. Will your organization take advantage?
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Thirty-five percent of women have experienced sexual harassment in the workplace, and even though 98% of employers have sexual harassment policies in place, only 32% of women believe that inappropriate behavior is addressed quickly.
Ransomware cripples municipal operations, popular restaurant brands report data breach, unsecured database exposes information of millions of Americans, and more.
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Our annual MarketPulse trend study surveys the areas of employee benefits and business insurance. In this publication, we discuss strategies to control cost drivers in healthcare, best practices for retirement planning, how employee engagement is the key to healthcare consumerism, threats facing small and large businesses and the risks associated with social media use.
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You may be surprised to learn that, according to the Department of Labor, violence is among the top five of all causes of injury in the workplace. When it comes to workplace violence, preparedness and effective leadership can decrease risk and actually increase employee engagement.
It is important to recognize that violence can come from outside the organization or from within. While all employers need to thoroughly assess their potential risks in both areas, I’ll focus on violence between employees.
None of us would intentionally do anything unsafe, would we? And where a few simple but mildly inconveniencing steps can ensure our safety, who amongst us wouldn’t take an extra minute or two to do the right thing?
For instance, when using a walk-behind lawn mower, I’m confident we all make sure to “wear sturdy footware, gloves, a hardhat and safety goggles or safety glasses with side-shields,” along with long pants and a longsleeved shirt to avoid any exposed skin, right? After all, we are told that such precautions are necessary (the quote comes from an actual owner’s manual), and they’re only mildly inconvenient.
The prompt reporting of an on-the-job injury to your workers’ compensation insurance company is essential to the effective resolution of claims and to managing workers’ compensation premiums. Not only does prompt reporting allow for the immediate investigation of a claim, but it also:
Enterprise risk management (ERM) is a holistic approach to understanding and managing risk throughout an organization.
To develop an effective ERM program, organizations must first identify their risks, assess their current situation and come up with solutions. Those solutions must then be integrated throughout the organization, because controlling risks in one department won't protect the business if another area is vulnerable.
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