Complete Payroll Solutions

Complete Payroll Solutions | June 27, 2016

The Employee Retirement Income Security Act (ERISA), enacted in 1974, protects the individual’s tax-preferred retirement savings. Over the last 40 years, legislation surrounding ERISA has been altered that would continue to safe-guard Individual Retirement Accounts (IRAs) and annuities. The latest amendment by the Department of Labor (DOL), passed on April 6, comes on the heels of debate among analysts as to the detriment it could have on insurance providers. However, many are regarding th...

Complete Payroll Solutions | May 09, 2016

UPDATE 5/18: President Obama finalizes FLSA changes on salary and compensation levels for “white collar workers.”The new legislation aims to better define exemptions for executive, administrative, and professional personnel. For employers to be considered staff exempt, employees must meet certain minimum tests related to their primary job and be paid accordingly on a salary basis. Under the new rule, exempt employees making a salary under $47,476 ($913 a week) will automatically qual...

Complete Payroll Solutions | July 26, 2016

Participant & Beneficiary Information Companies that fail to report on, or delay reporting of information to participants and beneficiaries in regards to their retirement plans, multi-employer plans, and health plans, including Children’s Health Insurance Programs (CHIP), will be subject to increased penalties. Failure to inform employees of CHIP coverage opportunities will result in a penalty of up to $110 per day. Plans that fail to issue blackout notices or notice of the right...

HR Dive | January 13, 2020

Creativity was the most in-demand soft skill for applicants last year, and it has retained its place heading into 2020, according to a Jan. 9 LinkedIn Learning report. "Organizations need people who can creatively approach problems and tasks across all business roles, from software engineering to HR," the company said. Persuasion, collaboration, adaptability and emotional intelligence rounded out the top five. LinkedIn noted that emotional intelligence — defined as the ability to...