A pooled employer plan is a defined contribution plan, like a 401(k), that multiple employers can participate in. A PEP outsources many fiduciary responsibilities along with plan management and administrative functions to a third-party pooled plan provider. PEPs were introduced via the SECURE Act of 2019....
On April 23, 2024, the Federal Trade Commission (FTC) announced a new rule that essentially bans do not compete clauses. The FTC banning non competes means that companies will no longer be able to use non-compete clauses to stop workers from quitting and getting new...
As more and more states enact various levels of cannabis protections for employees, it becomes even more important for religious employers to consider and clearly articulate their stance on substance use. While many may assume that most religious employers would hold a similar viewpoint regarding...
The Fair Labor Standards Act (FLSA) was originally created in 1938. Since that time, the FLSA and Department of Labor (DOL) regulations have governed the provision of overtime in the United States. In April 2024, the FLSA received a major update for the first time in years. The...
Managing payroll is often regarded as an overwhelming and daunting task. From tracking the unique tax codes for each of your employees and the seemingly countless deduction options to determining whether each employee is an hourly or salaried worker, there are many details to be...
The Internal Revenue Service reminds businesses that starting in tax year 2023 changes under the SECURE 2.0 Act may affect the amounts they need to report on their Forms W-2. The SECURE 2.0 Act allows for additional features in various employer retirement plans to encourage use...
In a typical year, the Equal Employment Opportunity Commission (EEOC) secures over $400 million for EEO victims. As a small business owner, being involved in an EEOC case can quickly get expensive. If you become the target of an EEO complaint, an average case can easily cost...
Juneteenth National Independence Day became the 12th legal public holiday, celebrating the emancipation of the last enslaved African Americans. On that day in 1865, Union soldiers led by Gen. Gordon Granger arrived in the coastal city of Galveston, Texas to deliver General Order No. 3,...
Question: My employees regularly forget to clock in and out for their breaks and meal periods. I've told them countless times, and they just forget to do it. What can I do? Answered by the HR Experts: There are a few steps you can take to...
Question: Some of our employees have been careless on the job and broken company property. Can we deduct the cost of replacing the broken items from their paychecks? Answered by the HR Experts: Probably not. Many states have imposed significant limitations on what kinds of things...