Form 5500 is used by employers or pension or welfare benefit plan administrators to satisfy annual reporting requirements under ERISA and the Internal Revenue Code. The form requires information about the qualification of the plan, its financial condition, investments and operations. And if it’s not filed on time, the fines can add up: The IRS
With the new year upon us, companies of all sizes need to prepare for difficult challenges in 2019. Among the most pressing issues employers face in the coming year are: 1. Healthcare Costs: In a survey of top employer concerns for 2019 conducted by Associated Industries of Massachusetts (AIM), 74% of employers noted the cost
In the last month of 2018, Complete Payroll Solutions was very happy to add four new members to our team: Jonathan Spring, Client Relations Specialist: Jonathan joined Complete Payroll Solutions as a client relations specialist, working collaboratively with organizations to assist them with payroll processing and related issues. Previously, he worked in the retirement plan administration
The dynamic nature of employment laws and regulations makes it critical to stay on top of changes each year to stay in compliance. Learn five ways to make sure your employee handbook is up-to-date in our blog post, including a downloadable list of must-haves.
Depending on where your business is located, winter weather can pose a variety of workplace challenges. And one of the biggest is knowing how to handle closures due to snow storms. To help you prepare for inclement weather this season, here are five things to keep in mind when it comes to deciding to close
Flexible Spending Accounts (FSAs) can be a valuable way for employees to set aside pre-tax dollars to pay for certain out-of-pocket healthcare expenses. But unlike Health Savings Accounts (HSAs), the unused funds generally don’t roll over from year to year unless your plan’s design allows for a carryover of up to $500. To help your
It’s never too early for young employees to start saving for retirement. But rising healthcare costs, inflation, and increased longevity can make it challenging to know just what an individual will require to retire comfortably. Employers can help younger workers prepare for retirement planning through employer-sponsored plans such as 401(k)s and Health Savings Accounts (HSAs).
Should your company be using paycards for payroll? Employees are increasingly requesting payroll debit cards. Learn 10 reasons why in our latest blog post.
The Complete Payroll Solutions team added four new employees added in November. Join us in welcoming them to the company!
Complete Payroll Solutions shares answers to common questions around voluntary termination in this blog post.