Could You Be Supporting a Hidden Retiree Health Plan?
A retiree health plan is when ex-employees are provided for or allowed to purchase health care through their former employer. Sponsoring a hidden retiree health plan happens more often than you might think. Having even an informal policy of extending […]
2019 Health and Welfare Plans Compliance Calendar/Checklist
Significant Due Dates – Calendar Plan Year & Calendar Employer Tax Year* January 2019 31 Last day to report on Form W-2 to employees the cost of applicable employer sponsored coverage under a group health plan February 2019 28 Paper […]
Terminating an Overfunded Pension Plan? Who Gets the Excess?
If an overfunded single employer pension (defined benefit) plan is terminating and its participants and beneficiaries are on track to receive full benefits, the plan sponsor will likely ask if the excess is theirs. In other words, will the surplus […]
More Pension Lump Sum Cashout De-risking Activity Expected in 2019
Pension plan sponsors looking for significant cash savings and de-risking opportunities have another favorable environment to pull the participants’ lump sum cashout lever this year. But that lever includes several options and considerations. In 2019, the interest rate environment is […]
Retirement Savings Opportunities for High Earning Owners and Professionals
Overview: For successful small businesses, a 401(k) plan combined with a cash balance plan can provide opportunities to: Build wealth and retirement savings for the owners/ professionals with much greater contributions than through a 401(k) plan alone Save on federal, […]
The IRS Determination Letter Program Reopens (A Little) for More Business
If you sponsor a recently merged qualified retirement plan or an individually designed statutory hybrid plan, you may not be shut out from the IRS Determination Letter Program any longer. As you already know, a favorable determination letter on the […]
Market Volatility Shows Importance of Pension Plan Termination Planning
Equity markets have rallied in early 2019 and the losses from December 2018 have all but been erased. Interest rates haven’t recovered to the November, 2018 high, but the funded status for most pension plans has rebounded. Findley’s April 2019 […]
Do you need a pay strategy?
Have you ever wandered through dense, unfamiliar woods? You weave around trees, hop over streams, and climb over other obstacles until you no longer know where you are or how you got there. Confused, maybe even a bit afraid, your […]
Using Compensation Management as a Tool to Recruit and Retain Top Talent
The U.S. had experienced a dramatic power shift in the workplace. It was a long, slow recovery, but the job market has turned a corner, presenting job seekers with multiple employment options. The month of February saw 7.1 million job […]
Before You Say “Wellness Doesn’t Work,” Consider Best Practices
Does participation in a company’s wellness program lead to improved health behaviors and outcomes? A recent study provides insight, while leaving some questions unanswered. Earlier this week, the Journal of the American Medical Association (JAMA) published the findings from a […]