Erring on the high side when choosing a 401(k) savings default-contribution rate won’t likely discourage employees from participating in the plan, new research suggests. Plan sponsors’ experiences back up this finding. Setting default rates between 7 percent and 10 percent did not result in lower enrollment when compared to a 6 percent control rate.
Push 401(k) Default Savings Rates Higher, Researchers and Plan Sponsors Agree
Milwaukee Area Employment Law Attorney: 200 South Executive Drive, Suite 101 Brookfield, WI 53005 Phone: 262-241-8444
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Nontraditional Wellness Benefits Improved Firm’s Engagement and Retention
Janet L. Heins|News, Prescription Drug Plans, Relationship Management, Wellness Benefits, Benefits, Compensation, Equal Pay, Pay
From standing desks to five-minutes of meditation and taking team walks, nontraditional wellness benefits can help employees to manage...
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Family Caregiving Trendsetters Share Their Tips
Janet L. Heins|Dependent Care Benefits, News, Relationship Management, Work-Life Benefits, Benefits, Compensation, Equal Pay, Pay
With simple accommodations, many employers are making America’s workplaces better for employees who are caring for elderly parents and...
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Prior Salary Can’t Justify Gender Pay Disparity, Appeals Court Rules
Janet L. Heins|9th Circuit, News, Pay Equity, Relationship Management, Benefits, Compensation, Equal Pay, Pay
A job applicant’s prior salary can’t be used to justify wage differences between male and female employees, the 9th...
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For 2018, Expect Steeper Health Plan Premium Increases
Janet L. Heins|Critical Evaluation, Health Care Costs, News, Prescription Drug Plans, Benefits, Compensation, Equal Pay, Pay
The average premium hike for employer-sponsored health plans next year is expected to be the highest since 2011. But...
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How to Improve the Engagement and Retention of Young Hourly Workers
Janet L. Heins|Compensation, Employee Relations, News, Benefits, Compensation, Equal Pay, Pay
What would you do if the majority of your entry-level, hourly workforce was planning to leave in less than...
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$775,000 Settlement Approved for Failure to Compensate for Preshift Work
Janet L. Heins|Compensation Compliance, Decision-Making, News, Benefits, Compensation, Equal Pay, Pay
A federal court has approved a $775,000 settlement in a class-action lawsuit brought against Farmers Insurance for its alleged...
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IT Hiring Expected to Grow in 2018
Janet L. Heins|Compensation, Critical Evaluation, Labor Market Data, News, Talent Acquisition Metrics and Analytics, Workforce Planning, Benefits, Compensation, Equal Pay, Pay
Organizations in the U.S. plan to add more full-time information technology (IT) staff to their payrolls in the first...
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IRS Sets New Fees for Correcting Retirement Plan Errors
Janet L. Heins|Benefits Compliance, Critical Evaluation, Defined Contribution Plans, News, Benefits, Compensation, Equal Pay, Pay
For 2018, the IRS altered the fees it charges retirement plan sponsors when they use the Voluntary Correction Program...
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H.E.L.P. – Heins Employment Law Practice Employee Rights Attorneys
200 South Executive Drive, Suite 101
Brookfield, WI 53005
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