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Posts Tagged "Employer Benefits"
DOL Audit Warnings
The Department of Labor (DOL)’s Employee Benefits Security Administration (EBSA) has the authority to conduct audits on benefit plans that are governed by the Employee Retirement Income Security Act (ERISA). DOL audits often focus on violations of ERISA’s fiduciary obligations and reporting and disclosure requirements. The DOL may also investigate whether an employee benefit plan complies with ERISA’s protections for plan participants, such as the special enrollment rules or mental health parity requirements....
Read More7 Tips for a More Comfortable Work Station
Office workers in the United States spend an estimated 10 hours each day sitting at their workstations. Because they spend so much time at their desks, an improperly designed workstation can severely drain workers’ productivity, focus and even their physical health. Poor workplace ergonomics can even cause workers to develop musculoskeletal disorders (MSDs), which cause an estimated 380,000 workers to miss work each year. The three most common causes of ergonomics-related injuries are: ...
Read MoreGroup-term Life Insurance
Group-term life insurance is a common employer-sponsored life insurance offering. This article discusses the basics of this coverage, plus important rules and considerations. The Basics Group-term life insurance is coverage that employers offer to employees only. Coverage may be employer- or employee-paid. Often, employers offer a specified benefit (flat fee or percentage of salary) that is cost-free for employees, then offer the option for employees to purchase additional coverage. Because spouses and...
Read MoreHidden Risks of Zero-Tolerance Policies
As the use of medical marijuana has grown more widespread, understanding employee rights and employer responsibilities regarding medical marijuana use has become more complicated. Rather than attempt to navigate the complicated laws regarding marijuana use, some employers might want to avoid the confusion and opt for a zero-tolerance approach. However, some recent court cases show why screening potential employees for or questioning current employees about medical marijuana use might not be as simple as...
Read MoreDental Benefits
Question: I’m wondering, as a business owner should I offer dental benefits? Why would it be a beneficial benefit to provide?? Answer: It is relatively inexpensive to include dental benefits in an employer’s benefits plan, and it may help the employer attract and retain highly skilled employees. Because dental hygiene is associated with overall health, employees with dental plans are often healthier. Employees without dental benefits may...
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