December 1, 2022

Disclosure Notice to CMS for Medicare Part D-Eligible Individuals

Plan sponsors that provide prescription drug coverage to Medicare-eligible individuals must also disclose to CMS annually whether the coverage is creditable or noncreditable. This disclosure must be made no more than 60 days after the beginning of each plan year.
October 4, 2022

Small business payroll basics: keeping accurate payroll records

Keeping accurate, updated payroll records is essential and should be verified at each stage of the payroll process-paying wages, depositing taxes, and reporting wage and withholding taxes.
September 1, 2022

Affordable Care Act Updates: Pay or Play Penalties Will Increase in 2023

On Aug. 16, 2022, the IRS updated its FAQs on the ACA's employer shared responsibility rules to include updated penalty amounts for 2023. These penalty amounts are adjusted annually.
August 19, 2022

So you missed the 7/31/22 deadline for restating pre-approved 401(k) plans…now what?

To remain in compliance with the tax law, pre-approved plan providers must update their plan documents and obtain approval letters from the IRS every six years. The adopting employers then have a set period of time-about two years-to adopt the updated plan document. The adoption deadline for the latest plan amendment cycle (Cycle 3) was July 31, 2022.
July 11, 2022

Small business payroll basics: What to know and 4 easy steps to help you get it right every time

When someone starts a small business, they do so with aspirations of growth, maybe disrupting the marketplace, creating a legacy to pass down to future generations — not spending hours figuring out payroll. Your employees' paychecks are their lifeblood and couldn't be more important to your business. You need to make sure those checks arrive on time and are exactly right, every time.
April 4, 2022

6 ways to make the hiring process easier

Making hiring easier, these days, is a tall order. It's the most competitive hiring market in decades. As anyone who has had to fill an open position within the past year knows, it's a jungle out there...
March 23, 2022

How HCM analytics can elevate your HR game

Today, it's all about data, whether you're talking about marketing and advertising, businesses of all stripes, the customer experience online [...]
January 11, 2022

Summary of Material Modifications: What is it, and how does it apply?

When a plan is amended or when other information is required to appear in the plan's Summary Plan Description (SPD) changes, ERISA requires that notice of the amendment or change be provided through a Summary of Material Modification (SMM).
December 20, 2021

Payroll pain points, and how you can solve them

If your cumbersome payroll processing is slowing you down, it's time you got a payroll upgrade.
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