One of the most popular benefits continues to be 401(k) plans. According to the latest SHRM annual employee benefits survey, 93 percent of organizations offer traditional 401(k)s or defined retirement savings plans, up from 90 percent the previous year. But while they’re a sought-after perk for employees, administering the plans can be a challenge for
Cybersecurity is a growing concern among businesses of all sizes, especially when even large companies like Equifax and Target are hit by data breaches. Tony Frye, Complete Payroll Solutions’ IT Director, answers common questions about ensuring the security of workers’ personal information.
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
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 new FLSA ruling has many businesses needing to reclassify employee status to accommodate the new minimum salary level eligible for overtime pay. And, if this weren’t enough, companies are now finding it even more challenging explaining to an exempt employee that their position is going to be reclassified.