Your guide from hire to retire.
Are You Evaluating Employees or Developing Them? While leaders inevitably complain about having to do reviews, they also say that they want to develop their employees. How do those two concepts coexist? Think of it like this: Reviews are foundational. If you don’t have good base information, you can’t develop […]
Spousal Incentive Opt-Out HRA Plans What is a Spousal Incentive Opt-Out HRA Plan? While many organizations have a taxable cash opt-out or waiver incentive that is offered to employees who are covered by health insurance coverage elsewhere, a spousal incentive opt-out HRA (sometimes called a spousal HRA, etc.) provides an […]
employer Guide: navigating aca compliance as an applicable large employer In today’s dynamic employment landscape, staying compliant with healthcare regulations is crucial for employers. The Affordable Care Act (ACA), signed into law in 2010, brought significant changes to the healthcare system, including requirements for employers to offer health insurance to […]
Tuesday, April 23, the Department of Labor announced the new rule for a minimum salary threshold for exempt employees. Effective July 1st, 2024, the annual salary threshold for exempt employees will increase to $43,888. This is an increase of $8,320 from its current level of $35,568. Why is this important? […]
Do you own a business? Do you want to pass wealth to your business and/or your family? Do you want to ensure that your business and/or wealth passes to multiple generations? While the future is uncertain, it is important to plan. When our clients create estate and succession plans, they […]
When we talk to our customers’ employees, we often hear two different things: 1. They would like to see changes. 2. There’s too much change. We all love to hate change, but we also get bored without it. How can that be? Picture this; we don’t like potholes, but we […]
Over the last couple of years, we have had more and more conversations around how to increase employee participation in 401(k) plans from an employer standpoint. As a plan sponsor, HR professional, and/or business executive, it’s important to educate employees on the benefits offered and provide the right tools and […]
Are you looking for a Financial Advisor in Kalamazoo? Finding the right financial advisor to partner with you and your family is crucial in helping you work towards your goals. Whether you’re planning for retirement, managing investments, seeking advice on holistic financial planning or all of the above, a skilled […]
While I always encourage folks to read my blogs, if you employ independent contractors, then this is a must read. It’s also an example of “what’s old is new again.” On March 11th, 2024, the Department of Labor (DOL) will be reverting to the previous rule for determining an individual’s […]
Top 3 reasons you need (and want) a summary plan description (spd) Employee benefits are a critical component of talent retention, and providing clear information about these benefits is a legal requirement for employers. The Summary Plan Description (SPD) serves as a crucial document in this communication process. In 2024, […]