Becoming a Great Place to Work: It is Not About the Money
“It is easy to understand why companies have focused on… pay, parking, cafeteria discounts, etc.” when trying to attract, retain and motivate workers, stated Gallup in introducing its research on its Management Journal website. Why? Because it’s usually fairly easy to tinker with those variables. The problem is, “these factors do not really make a difference to the best,…
Go It Alone with a 401(k) Plan
If your business is essentially a one-person operation, there’s an option to help you save more money for retirement: The Solo 401(k) plan. Ordinarily, traditional defined contribution retirement plans allow annual contributions that are limited to either 25% of salary if you’re employed by your own S or C corporation or 20% of self-employment income if you operate…
Tuition Reimbursement: How to Prevent Fraud
Investing in employee education and training is crucial to the long-term success of most companies. In order to remain competitive, many employers offer tuition reimbursement programs to attract and retain talented employees. The programs also provide tax benefits. The vast majority of employees that participate in tuition reimbursement programs do so to comply with their companies’…
Small Employers: Should You Jump on the MEP Bandwagon?
Today, approximately 38 million private-sector employees in the United States lack access to a retirement savings plan through their employers. However, momentum is buildingin Washington, D.C., to remedy this situation by helping small employers take advantage of multiple employer defined contribution plans (MEPs). Could a MEP work for you and your workers? If the federal government…
Protect Your Company Retirement Plan from an IRS Attack
When your company sponsors a qualified retirement plan, you must comply with complex rules established by the IRS and the Department of Labor. Ignore the rules and your firm could face costly penalties from federal regulators — and plan participants might sue you for mishandling trust assets. This is no time to be a do-it-yourselfer. You…
Uncle Sam Wants to WARN Employers About a Layoff Law
If your business finds that it must lay off a large number of employees, make sure you are in compliance with a federal law that requires some employers to provide advance notification. This little-known law is called the Federal Worker Adjustment Retraining and Notification Act (WARN). Under the law, employers who are covered must give 60…
Prepare for the Changes Ahead with Employee Benefit Plan Audits and Avoid Common Mistakes
GRF’s experts in employee benefit and pension plan audits will provide participants with an overview of recent and proposed changes, as well as best practices to avoid common issues and errors. Slide Deck Click Here Recording Speakers Jackie Cardello, CPA | Nonprofit Audit Partner, Director of Employee Benefit Plan Audit and Firm Managing Partner Jennifer Arminger,…
Consider a 403(b) Retirement Option for Your Staff
Employer-sponsored plans play an increasingly significant role in retirement planning as individuals worry about the future of Social Security and their ability to finance the kind of retirement they envision. They also help employers attract and retain better employees, cutting the costs of having to find and train new hires. For certain tax-exempt institutions, one…
Understand Employee Benefit Plan Audits and Prepare Your Organization for the Changes Ahead
This webinar provides an overview of Employee Benefit Plan audits as well as the recent (and proposed) changes affecting retirement plans. Participants will come away with a clear understanding of what triggers the audit, who is considered a “participant”, audit requirements, and the 80/120 rule. Click here to view the slides.