Your Compliance Edge

HR News Alerts

IRS: 'Saver's Credit' Helps Workers Save for Retirement

Posted on November 16, 2017 05:45 PM

The IRS is reminding workers that contributions to employer-sponsored IRAs, 401(k) plans, 403(b) plans, or similar workplace retirement programs must be made by year's end to qualify for the Retirement Savings Contributions Credit.

Categories: Human Resources, Retirement Planning

Social Security Administration Announces 2.0% Benefit Increase for 2018

Posted on October 20, 2017 07:41 PM

The Social Security Administration has announced that monthly Social Security and Supplemental Security Income (SSI) benefits will increase 2.0% in 2018.

Categories: Employee Benefits, Fringe Benefits, Retirement Planning

IRS Announces Retirement Plan Limits for 2018

Posted on October 19, 2017 04:32 PM

The IRS has announced cost-of-living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018.

Categories: Employee Benefits, Retirement Planning

DOL and IRS Issue Relief for Hurricane Irma Victims

Posted on September 14, 2017 03:13 PM

The U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) have issued several forms of relief to victims of Hurricane Irma. 

Categories: Employee Benefits, Human Resources, Retirement Planning

DOL and IRS Issue Relief for Hurricane Harvey Victims

Posted on August 31, 2017 03:53 PM

The U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) have issued several forms of relief to victims of Hurricane Harvey.

Categories: COBRA, Retirement Planning

U.S. Supreme Court Rules on ERISA's 'Church Plan' Exemption for Pension Plans

Posted on June 6, 2017 03:45 PM

The U.S. Supreme Court has ruled in Advocate Health Care Network v. Stapleton that defined benefit pension plans established by so-called "principal-purpose organizations" are "church plans" exempted from the requirements of the Employee Retirement Income Security Act (ERISA), regardless of whether a church originally established the plan. For purposes of the church plan definition, a "principal-purpose organization" is an organization controlled by or associated with a church or a convention or association of churches whose principal purpose or function is the administration or funding of a plan or program for the provision of retirement benefits or welfare benefits, or both, for the employees of a church or a convention or association of churches.

Categories: Employee Benefits, Retirement Planning

The Fiduciary Rule: What Employers Need to Know

Posted on June 6, 2017 03:15 PM

The U.S. Department of Labor (DOL)'s Fiduciary Rule is expected to take effect June 9, 2017, subject to the DOL's temporary enforcement policy. The Fiduciary Rule generally treats persons who provide investment advice or recommendations for a fee or other compensation as fiduciaries in a wider array of advice relationships. However, under the Fiduciary Rule's exemptions, certain employees will continue not to be treated as investment advice fiduciaries.

Categories: Employee Benefits, Retirement Planning

Oregon Approves Rules for State Retirement Savings Program

Posted on April 26, 2017 08:46 PM

Oregon has approved rules for the state Retirement Savings Program (the "Program"), a state-sponsored retirement savings plan for employees.

Categories: Reporting and Recordkeeping, Retirement Planning, State Employment Laws

DOL Finalizes 60-Day Delay of Fiduciary Rule

Posted on April 7, 2017 02:16 PM

The U.S. Department of Labor (DOL) has issued a final rule delaying the applicability date of the Fiduciary Rule, from April 10, 2017, to June 9, 2017.

Categories: Retirement Planning

DOL Announces Temporary Enforcement Policy on Fiduciary Rule

Posted on March 17, 2017 04:13 PM

The U.S. Department of Labor (DOL) has announced a temporary policy regarding its enforcement of the "Fiduciary Rule."

Categories: Employee Benefits, Retirement Planning