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The trustees and plan management have an important responsibility and duty to plan participants. To perform these tasks, a formal committee should be set up to oversee the operations and investments of the scheme. This committee generally meets quarterly or monthly. Some of the items to be discussed include plan amendments, investment changes, approval of …

April 19, 2022 2:00 p.m. – 3:00 p.m. ET Please join us for BakerHostetler’s The ‘New’ Normal: A Master Class on the State of Labor Relations and Employment Law. Our 9th Annual Master Class will be virtual again this year, like last year, due to the ongoing pandemic. The series will continue to deliver all …

Threat actors have exploited the networks of Horizon Actuarial Services, whose clients include the Major League Baseball Players Benefit Plan. Pictured: A baseball with the MLB logo is seen at Citizens Bank Park before a game between the Washington Nationals and Philadelphia Phillies on June 28, 2018 in Philadelphia. (Photo by Mitchell Leff/Getty Images) Threat …

Tyler Hoffman MILL BAY – Tyler Hoffmandirector of OnPoint Benefits Inc.estimates it can save business owners up to 18% on their benefits programs. How? ‘Or’ What? It starts with an assessment of their clients’ current plan. OnPoint has discovered something they call “wasting,” which drives up the cost of these plans. “The waste can start …

A new report links the impact of high-cost loan storefronts mostly concentrated in minority communities in Memphis to the city’s widening racial wealth gap. A report by Political Institute of Hope and Memphis Black Clergy Collaborative published on Wednesday said that while these loans (which include payday loans) are marketed as a “quick financial fix”, …

“When it’s mandatory, everyone has access,” said Rebecca Maxcy, director of the Financial Education Initiative at the University of Chicago. Update March 18, 2022, 9:32 p.m. ET While progress between the states is encouraging, there’s still more to be done, said Nan J. Morrison, president and CEO of the Council for Economic Education. Currently, only …

The presence of an investment certification can change the entire audit plan. Be sure to get your certification and make sure it is valid before your audit begins. The most important thing to consider when preparing for your benefits plan audit is determining which type of audit to choose. There are two types of checks …

Ad Disclosure: We earn referral fees from advertisers. Learn more Is BroncoPartners a scam? We will let you be the judge. Bronco Partners entices you by sending you a direct mail with a “personalized invite code” and a low interest rate of 3% to 4% to consolidate your high interest credit card debt. You will …

In what continues to be dubbed the Great Resignation, employers are looking for creative ways to retain and attract talent. An Early Wage Access (EWA) policy – ​​a revolutionary benefits program that gives employees access to their salary within an hour of a shift – may well be what gives the advantage to businesses. In …

Not submitting employee deferrals or submitting them late are surefire ways to get the attention of the DOL. In my many years of experience auditing employee benefit plans, I have never encountered a plan sponsor who seeks the attention of the Department of Labor (“DOL”). Common operational issues in the administration of employee benefit plans …

OnPoint claims that 80% of companies unknowingly spend on employee benefits. MILL BAY – Tyler Hoffmandirector of On-Point Inc Benefits., thinks it can save business owners up to 18% on their benefits programs. How? ‘Or’ What? It starts with an assessment of their clients’ current plan. OnPoint has discovered something they call “wasting,” which drives …

The Ministry of Labor asked an Illinois federal court to hold the trustees of a multi-employer welfare arrangement, the United Employee Benefit Fund, and its attorney liable for more than $2.8 million in losses after an investigation revealed that they had authorized the misappropriation of fund assets. The Chicago-based UEBF provides life insurance benefits to …

NNA | Update: March 02, 2022 11:48 p.m. STI Haridwar (Uttarakhand) [India]March 2 (ANI): Patanjali and the National Bank of Punjab on Wednesday launched a triple-benefit credit card in Haridwar, Uttarakhand, in partnership with the National Payments Corporation of India (NPCI).Yoga Guru Baba Ramdev also attended the launch event along with Patanjali co-founder Yogpeeth Haridwar …

An accurate census greases the wheels to begin verification of a benefits plan. What is a census? A census is a report typically completed from your payroll system for a specific time period that contains relevant data. The most common items found in a census are employee name, employee identification number, social security number, union …