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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Dollar General can’t dodge $275K verdict for firing diabetic employee
Janet L. Heins|Blog, News, Benefits, Compensation, Equal Pay, Pay
By Brandi O. Brown, J.D. Dollar General failed to convince a federal district court in Tennessee that a jury...
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Small Employers Cut Health Care Costs Using Stand-Alone HRAs
Janet L. Heins|Health Care Costs, Health Reimbursement Accounts (HRAs), News, Relationship Management, Benefits, Compensation, Equal Pay, Pay
More than 70 percent of small businesses using a new type of health reimbursement arrangement (HRA) that became available...
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Responding to the Tax Act's Executive Compensation Changes
Janet L. Heins|Critical Evaluation, Executive Compensation, News, Tax Compliance, Benefits, Compensation, Equal Pay, Pay
The 2017 tax act made significant changes to the taxation of executive compensation arrangements for both publicly held corporations...
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How Will Health Industry Mergers Affect Employer Drug Plans?
Janet L. Heins|Consultation, News, Prescription Drug Plans, Vendor Management, Benefits, Compensation, Equal Pay, Pay
The announcement of a planned acquisition of Express Scripts, one of the largest pharmacy benefit managers (PBMs) in the...
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Common Pay Stub Errors California Employers Should Avoid
Janet L. Heins|California, Compensation Compliance, Critical Evaluation, News, Payroll, Benefits, Compensation, Equal Pay, Pay
California HR professionals know the importance of promptly and accurately paying employees for all hours worked and that failing...
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401(k) Sponsors Focus on Benchmarking—and Lowering—Fees
Janet L. Heins|Critical Evaluation, Defined Contribution Plans, News, Benefits, Compensation, Equal Pay, Pay
Keeping participant fees in check has become a primary focus of defined contribution plan sponsors. Benchmarking plan administration and...
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Does a New Study Underestimate Wellness Programs?
Janet L. Heins|News, Relationship Management, Wellness Benefits, Benefits, Compensation, Equal Pay, Pay
New study findings suggest that worksite wellness programs fail to reduce health care claims and lower plan premium costs,...
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DOL’s PAID Program Will Launch in Early April
Janet L. Heins|Creative Problem Solving, Minimum Wage, News, Overtime Pay, Benefits, Compensation, Equal Pay, Pay
A Department of Labor program designed to help employers settle overtime and minimum wage violations will launch April 3.
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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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