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Returning Value Blog

Employers: Pay Close Attention To Your Retirement Plan’s Expenses And Fees

Posted by Murry Guy, CPA on Sep 13, 2018

The Department of Labor (DOL) has been known to investigate the reasonableness of retirement plan expenses and the proper use of plan fees. In some cases, the agency has found plans to be in violation for fee-related infringements, which has led to costly assessments to the plan sponsors in question. If your organization sponsors a retirement plan for its employees, you need to pay close attention to its expenses and fees.

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Posted in Payroll, HR & Benefits

Is Your Company "New Hire" Compliant?

Posted by Amber Malik on Sep 06, 2018

As a business owner/manager, you have many processes and tasks involved in your day-to-day workload. Scheduling, timekeeping, payroll, etc...How about new hire onboarding?

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Posted in Payroll, HR & Benefits

Why Employers Are Taking Another Look At Life Insurance As A Fringe Benefit

Posted by Murry Guy, CPA on Aug 24, 2018

In their continuing effort to assemble the most enticing employee benefits package possible, some employers are showing renewed interest in an old favorite: group term life insurance. Although such life insurance coverage had fallen off the radar screens of some employers, it remains an affordable benefit that can pay off for employer and employees alike.

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Posted in Payroll, HR & Benefits

Stop Your Trade Secrets From Walking Out The Door

Posted by Amber Malik on Aug 21, 2018

Trade secrets are among the most critical yet often overlooked assets of any organization. And they aren’t always as sophisticated as proprietary software or as famously secret as Coca-Cola’s formula. A trade secret can be as seemingly innocuous as a customer list, business strategy, policy manual or pricing sheet.

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Posted in Payroll, HR & Benefits

Upskilling: The Next Frontier In Employee Training

Posted by Becky Snedigar on Aug 14, 2018

In the face of a tight job market and a widening skills gap, employers in many industries are catching on to the benefits of “upskilling.” More than just your typical employee training, upskilling takes a broad approach to development.

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Posted in Payroll, HR & Benefits

Changes Ahead For 401(k) Hardship Withdrawal Rules

Posted by Michael D. Machen, CPA, CVA on Aug 01, 2018

Many employers sponsor 401(k) plans to help employees save for retirement. But sometimes those employees need access to plan funds well before they retire. In such cases, if the plan allows it, participants can make a hardship withdrawal.

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Posted in Payroll, HR & Benefits

Behavioral Job Interviews Offer A Glimpse Of What Could Be

Posted by Murry Guy, CPA on Jul 31, 2018

Once an employer identifies a prospect for an open position and sets up an interview, another great challenge arises: How do you effectively use the interview to determine whether this person is right for your organization?

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Posted in Payroll, HR & Benefits

Improving a Struggling Employee’s Performance Is a Two-way Street

Posted by Murry Guy, CPA on Jul 27, 2018

It’s easy to get frustrated when an employee is failing to produce the volume or quality of work you’re looking for. A business owner or department manager may even give in to the temptation to play the blame game, pointing a finger at the struggling worker and only exacerbating the situation.

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Posted in Payroll, HR & Benefits

What's The Difference Between A Plan Document and An SPD?

Posted by Murry Guy, CPA on Jul 24, 2018

Most of the health and welfare plans offered by employers today are subject to the Employee Retirement Income Security Act of 1974 (ERISA). Generally, ERISA envisions that employee benefit plans will have both a plan document and a summary plan description (SPD). But, in some cases, a single document may serve both purposes. Let’s look at the difference between the two and under what circumstances they may be combined.

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Posted in Payroll, HR & Benefits

What Employers Should Know About National Medical Support Notices

Posted by Murry Guy, CPA on Jul 03, 2018

An employer may occasionally receive a National Medical Support Notice (NMSN). If this ever happens to your organization, here’s what you should know.

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Posted in Payroll, HR & Benefits

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