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 Guest Article by Kristen Deevy, Managing Director of Strategic Retirement Partners
 
On Feb. 3, 2017, President Trump drafted a memorandum to the DOL, directing that they delay implementation of the Conflict of Interest Rule (The Rule) for at least 180 days. The Rule, which was set to take effect on April 10, 2017, expands ERISA’s definition of “fiduciary” under retirement plans by identifying additional forms of communication that would constitute investment advice and would deem the giver of such advice a fiduciary under ERISA. 
Tuesday, 14 February 2017 13:22

Ready for your ACA Reporting due March 2nd?

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Although there is much speculation about the future of The Affordable Care Act (ACA), it’s still the law of the land for now. For all large employers and small employers that are self-funded, the deadline of March 2nd to distribute 1095-Bs and 1095-Cs to employees is fast approaching. If your organization does not have all the necessary information to complete these forms, it’s time to act fast!
Tuesday, 07 February 2017 11:23

HR Responsibilities When an Employee Death Occurs

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One of the most difficult times for any business is following the death of an employee. Thinking ahead and being prepared for this unfortunate circumstance will help ease the burden.
Wednesday, 18 January 2017 13:56

On Wellness, One Size Fits ONE

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Guest Article by Brad Cooper, CEO of US Corporate Wellness

 

The research is in, and it warrants an exclamation point!  An effective employee wellness program will provide a 125-600% ROI or more through decreased health care, sick time and disability costs, as well as improved recruitment, retention and employee engagement (and that doesn’t take into account the personal enhancements participants experience in their own lives!).  The result of this research has been a two-fold increase in the number of organizations that have launched wellness programs for their employees in recent years.  Only one problem – the first word in the phrase “Effective Employee Wellness Program.”

 

There are many approaches to employee wellness.  Common entry level approaches include holding an internal “biggest loser”-like contest or providing paid memberships at the local health club. 

Tuesday, 10 January 2017 23:43

21st Century Cures Act and Small Employer HRAs

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The 21st Century Cures Act was signed into law on December 13, 2016 by then President Obama. The bulk of the Cures Act covers areas such as medical research and drug and device approvals. This new law also revokes a ban in effect since 2014 on small employer pre-tax funding of individual health insurance premiums. Beginning in 2017, this new act will allow small employers to create “Qualified Small Employer Health Reimbursement Arrangements” or “QSEHRAs.” 

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