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HR ANALYTICS

PlanSource | May 27, 2021

PlanSource, a leading provider of cloud-based benefits administration technology, has introduced a new solution to prevent ineligible dependents from enrolling in benefit plans. DependentIQ, an artificial intelligence-powered verification process in the PlanSource platform, removes a labor-intensive HR administrative job. HR and benefits administrators may use DependentIQ to avoid embarrassing conversations with employees about ineligible dependents while also ensuring compliance with Summary Pl...

HR Dive | February 11, 2020

New Jersey's Department of Labor and Workforce Development (NJDOL) announced Jan. 31 a new $2 million grant opportunity for organizations in the state that create "degree apprenticeship" programs. A degree apprenticeship program allows apprentices to earn credits toward an associate's, bachelor or graduate degree either while participating in a U.S. Department of Labor (DOL) Registered Apprenticeship Program or following the completion of such a program, according to NJDOL. The...

HR ANALYTICS

Paychex, Inc | April 20, 2021

Paychex, Inc., the HR software and services provider that brings the power of convenience to more dynamic workplaces, revealed today that their Pooled Employer Plan (PEP) offering has added 2,000 clients since its launch. The new Paychex PEP is proving to be an appealing choice for business owners wanting an easier, cost-effective plan option, both for themselves and their qualifying workers, in the short period since PEPs became available as a result of the SECURE Act. According ...

SHRM | August 28, 2020

As the new year approaches, benefits managers may find they're being pitched to jump into a "pool"—by jettisoning their current 401(k) plan in favor of a plan shared with other employers. The Setting Every Community Up for Retirement Enhancement (SECURE) Act, which became law in December 2019, created a new type of multiple-employer 401(k) plan called a pooled employer plan (PEP). Under the act, "pooled plan providers" may start operating PEPs beginning on Jan. 1, 2...