Monthly Archives: October 2022

Defined Contributions for Employee Benefit Plans

Employers looking for more predictability in their costs, more equity in their contributions and perhaps even more flexibility for their employees are increasingly exploring the idea of Defined Contribution strategies for their employee benefit plans.  Defined Contribution (or DC) plans come in various different forms.  When I started my career […]

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Michigan’s Minimum Wage Mayhem

If you are like most businesses, October is prime time for budget development.  For those employees who earn close to the minimum wage, the question is how much will we need to pay them in 2023? Let’s start with a little history.   Back in 2018, there were two ballot initiatives, […]

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