Open enrollment can be a hectic time of year for HR pros and the employees you help. Add open enrollment jargon to the mix, and you can ensure confusion will flourish. Clarifying Open Enrollment Jargon So we're equipping our readers…
Benefits
The DOL has begun to roll out its Retirement Savings Lost and Found. It'll be populated with information from plan sponsors and administrators. The Secure 2.0 Act required the DOL to get the database up and running by the end…
As open enrollment season looms, HR departments need to prepare to help employees with questions and give them the information they need to make the best decisions about their benefits. In fact, according to data from MetLife’s Employee Benefit Trends…
More than 80% of your employees don't understand benefits. And that's an issue as open enrollment season bears down. They need to understand what they have, what they need and what they could have. That means HR pros and their…
You're likely knee-deep in open enrollment now. So it's the perfect time to ... ... start planning for next year. Why now? Because employees make mistakes that can affect their well-being and wallets when it comes to benefits. In fact,…
Many paycheck-advance products, such as earned-wage access, are consumer loans, the Consumer Financial Protection Bureau (CFPB) recently stated. Under a recently released proposed interpretive rule, the CFPB also announced the Truth in Lending Act and Regulation Z would apply to…
Businesses face a unique set of challenges during open enrollment season, and it's driven by shifting worker expectations. You probably feel like it's more difficult to build competitive benefits packages each year. Employees now view benefits as part of their…
Could the dearth of workplace menopause benefits be to blame for the stalled representation of women in the senior executive ranks? It seems likely, given data shows that women are opting out of work - often citing menopause-related challenges -…
Time to update your systems: SSA has announced the 2025 Social Security taxable wage base. Next year’s number will increase to $176,100 – that’s $7,500 more than the current amount of $168,600. So, the official projection released earlier this year…
Open enrollment means one thing for HR pros: Your inbox and voicemail will be full of questions, and employees will be knocking on your door to get their questions answered. They’re confused before it even starts. And they need your…
Recent grads carrying student loan debt may not think retirement plan participation is doable for them. But if you offer a student loan payment matching program, that's good news for their wallets and your plan participation rate. Thanks to the…
Insurance and benefits are a complex and ever-changing landscape. It's important to review your coverage regularly to ensure you're getting the best value for your money, but it’s also important to make sure you are remaining a competitive employer. Most…
Today’s economic conditions have placed most working Americans in a tight spot unlike anything since the Great Depression. And it’s made savings – especially long-term savings like retirement – less and less of a priority, putting many in a retirement…
Employees expect and need more from the organizations they work at to stay engaged, satisfied and present. However, most organizations don’t have a magical budget that scales with employees’ wants. Instead, it’s on business leaders to come up with effective…
With open enrollment season not far off, you may be considering enhancements to your organization's benefits strategy to make your offerings more appealing to current and prospective employees. Amy Spurling, the founder and CEO of perk management software company Compt,…
Word to the wise: If your company’s ready to embrace the unlimited PTO trend, you’ll want to make sure you get it right. A court decision from California provides important guidance. A nonprofit claimed it provided that perk, so…
