Be prepared for 401(k) casualty loss hardship distribution requests
As weather-related events continue to occur with great frequency and severity across the country, it’s possible that one of your 401(k) participants might request a hardship distribution to pay for home repairs. Employers that sponsor 401(k) plans … [Continue reading]
IRS extends administrative relief for 401(k) plans
As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the pandemic remain in place long-term. One of them might be relief from a sometimes-inconvenient requirement … [Continue reading]
2021 – 6/24 – Tax status of newly married couples
Surprise, surprise: HR initiatives depend on people
To keep up with the ever-changing nature and demands of the 21st Century workplace, employers need to regularly identify, evaluate and occasionally roll out well-executed HR initiatives. Examples range from projects as ambitious as implementing a … [Continue reading]
Are your company’s job descriptions pulling their weight?
At many businesses, job descriptions have it easy. They were “hired” (that is, written) many years ago. They haven’t had to change or do anything, really, besides get copied and pasted into a want ad occasionally. They’re not really good at what they … [Continue reading]
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