ERISA Compliance FAQs: What Is an ERISA Plan?
The Employee Retirement Income Security Act of 1974 (ERISA) is a federal law that sets minimum standards for employee benefit plans maintained by private-sector employers. The Department of Labor (DOL), through its Employee Benefits Security...
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Updating Your Life Insurance Beneficiary Designations
When you signed up for life insurance, a retirement plan or a similar financial account, you likely named a beneficiary and promptly forgot about it. But it’s important to periodically update your beneficiaries in order...
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2023 Social Security Adjustment Highest Increase in 40 Years
The U.S. Social Security Administration recently announced that Social Security beneficiaries can expect an 8.7% increase in benefits next year. This increase surpasses the 5.9% cost-of-living adjustment (COLA) in 2022, which, at the time, was...
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The Trendiest Employee Benefits for 2023
There’s no denying that employees’ needs have changed over the past few years. As such, employers can offer benefits to meet evolving worker needs shaped by lingering effects of the COVID-19 pandemic, a tight labor...
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