Risk is discussed in many contexts in the retirement plan industry. It comes up as a sales tactic; as good counsel from trusted advisors preaching procedural prudence; or, often, in the form of intimidating industry vernacular like fiduciary liability, fidelity bond or the big, bad Department of Labor. This DOL paranoia is an underlying motivation […]
It’s a common benefit to offer, and one that can add up quickly. It’s an employer paying out accumulated unused sick, vacation or any other form of financial incentive to their employees at retirement. The figures add up. In New York, an attorney in the city’s law department received a $211,779 payout after stockpiling 120 […]
Health savings accounts are rising in popularity as more employers turn to high-deductible health plans as a means of saving themselves and their employees money on healthcare. Fidelity Investments says that in 2017, 112 new employers began offering health savings accounts to employees and that the company saw a 50% increase in the number of […]
“My plan only has $3 million in it. How much ERISA exposure could we have?” This question from a client who wondered whether it was worth the cost of putting in written plan policies and controls got me to thinking about why this misconception is so common. Small plan violations can result in very large […]
New Connecticut pay equity law On May 22, 2018, Connecticut Gov. Dannel P. Malloy signed Public Act No. 18-8, “An Act Concerning Pay Equity,” into law. The new Connecticut law follows a recent trend by states to enact laws prohibiting employers from seeking salary history from prospective employees. Connecticut now joins California, Delaware, Massachusetts (see below), […]
Any employer who has been on the receiving end of a lawsuit filed by the EEOC or a similar state agency is aware that a standard requirement of settling this type of case is entering into a “consent decree.” A consent decree is a public record (which the agency will publicize on its website) that […]
Financial services must tie these three factors together – customer experience, best practices and reliability/responsiveness – to have an effective web presence. They can’t go hard into one particular area and ignore the others. They have to understand what’s available versus their competitors, what consumers think of their sites versus competitors’ and how their sites are performing.
In your life, you may have many times facing financial issues. It’s good if you know how to handle it by yourself and have enough time to take care of it. In other cases, it’s time you get a financial consulting service. And the article below will show you those cases.
Life goes on. It’s not worth spending time worrying about your finance. Be active in solving the problems. Financial stress will no longer affect you.
The typical argument in favor of the United States’ unique system of health care often centers on the freedom consumers have to choose the benefits that best meet their needs. In reality, however, few Americans are truly health care shoppers. Most get insurance through their employer, and even if the employer offers an array of […]