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Returning Value Blog

Protect Retirement Plan Fiduciaries Through Training, Insurance.

Posted by Becky Snedigar on Sep 10, 2019

When an employer decides to sponsor a retirement plan for employees, it takes on great responsibility. Anyone who exercises discretionary authority over any vital facet of plan operations likely will be considered a plan fiduciary. In turn, these individuals face a significant risk of liability if anything goes seriously wrong with the plan.

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Posted in Payroll, HR & Benefits

COBRA Fraud: When an Employer Can Terminate Early

Posted by Amber Malik on Sep 03, 2019

Employers with 20 or more employees are generally required to offer continuing health care coverage to departing staff members. This is commonly referred to as “COBRA” after the legislation that made it law: the Consolidated Omnibus Budget Reconciliation Act of 1985.

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Posted in Payroll, HR & Benefits

Imposing Health Care Plan Waiting Periods on Rehired Employees

Posted by Becky Snedigar on Jul 31, 2019

It’s not uncommon for employers in some industries and localities to occasionally rehire a previously terminated employee. Should such a situation occur, you may wonder how to properly handle the waiting period typically imposed on new hires preceding their eligibility for health care benefits. The answer depends on the status of your organization under the Affordable Care Act (ACA).

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Posted in Payroll, HR & Benefits

Laying the Foundation for a Functional Incentive Plan

Posted by Amber Malik on Jul 03, 2019

Employee incentive plans can be among the most meaningful benefits that an employer can offer. This is because participants receive awards tied directly to their professional accomplishments or their organization’s success.

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Posted in Payroll, HR & Benefits

Are Health Club Memberships or On-site Fitness Centers an ERISA Benefit?

Posted by Becky Snedigar on Jun 17, 2019

More and more employers are contributing dollars toward the cost of health club memberships for employees. Some are even building their own on-site fitness centers. If your organization is considering either approach, you might wonder: Are health club memberships or on-site fitness centers subject to the Employee Retirement Income Security Act (ERISA)?

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Posted in Payroll, HR & Benefits

Shore up Your Defenses Against Employment Discrimination Claims

Posted by Amber Malik on May 16, 2019

Many employers believe they’ve taken adequate steps to prevent employment discrimination. And yet, it happens. The Equal Employment Opportunity Commission (EEOC) received 76,418 charges of workplace discrimination in fiscal year 2018 and, as a result, obtained $505 million for victims employed in the private sector, as well as by local, state and federal government agencies.

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Posted in Payroll, HR & Benefits

3 Essential Steps to Successful Change Management

Posted by Becky Snedigar on Apr 29, 2019

In good times, organizations often need to change to seize opportunities and keep up with demand. In bad times, they must change because, well, something has clearly gone awry. Whatever its cause may be, change can put great strain on an employer’s ability to accomplish its mission.

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Posted in Payroll, HR & Benefits

Keep a Close Eye on Your Employment Records

Posted by Amber Malik on Apr 06, 2019

Every employer needs to keep records on pay, hours, workplace injuries and the like. And, of course, the fun doesn’t end there — you’ve also got to maintain other documentation, such as job descriptions, annual objectives, and performance reviews.

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Posted in Payroll, HR & Benefits

2019 Adjusted Penalty Amounts for Health and Other Plans

Posted by Murry Guy, CPA on Mar 18, 2019

The Department of Labor (DOL) announced in very late January the 2019 annual adjustments to the civil monetary penalties for a wide range of benefits-related violations. Legislation enacted in 2015 requires annual adjustments to certain penalty amounts by January 15 of each year. Because of the government shutdown, however, the 2019 penalties weren’t published by this deadline and, thus, have a later-than-usual effective date.

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Posted in Payroll, HR & Benefits

Blow the Dust off Your Employee Handbook

Posted by Becky Snedigar on Mar 07, 2019

It’s probably safe to say that most employers have created some form of an employee handbook. But just because your organization has one, that doesn’t mean it’s functional.

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Posted in Payroll, HR & Benefits

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