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Image courtesy of Pixabay By JESSICA LOVECourtesy of Indiana Capital Chronicle Have you ever had your car or truck stuck in the mud; and the harder you try to get out, the deeper your tires sink? I have. So, I know from experience: unless you have the luxury of waiting for things to dry, you’re …

The IRS has announced welfare and retirement plan limits for 2023. Many sections of the tax code limit the amount of tax-advantaged welfare and retirement benefits an employer can provide or a employee can receive. The IRS updates these limits each year to account for inflation. Given that inflation has reached high levels in recent …

Vantage Market Research analyzes that the payday loan market which was worth USD 33.5 billion in 2021, would reach USD 42.6 billion by 2028 growing at a CAGR of 4.1% during the forecast period 2022 to 2028. A qualitative research study is accompanied by more than 115 market data tables, pie charts, graphs and figures …

The Cole County Commission is looking to save about $500,000 next year on pharmacy expenses. The potential savings are the result of the board’s approval of a motion to change the Pharmacy Benefit Managers (PBMs) for its employee insurance plan. The current PBM is Optum Rx, but after Tuesday’s commission meeting, the county will use …

Employers generally understand that “employee benefit plans” should only be offered to “employees” and that “independent contractors” should be excluded from benefit plan participation. Although this concept is simple in principle, it is not so simple in application, since the determination of whether an individual is an independent contractor or an employee is not based …

October 25, 2022 McDermott Will & Emery To print this article, all you need to do is be registered or log in to Mondaq.com. The Internal Revenue Service (IRS) and Social Security Administration announced cost-of-living adjustments to dollar limits for various employer-sponsored retirement and welfare plans and the salary base of Social Security …

A Fifth Circuit ruling that the Consumer Financial Protection Bureau’s funding structure is unconstitutional quickly turns into an enforcement headache for the agency. At least two companies targeted by the CFPB’s enforcement actions have already flagged the decision to ask other courts to dismiss the actions on constitutional grounds. Others will practice the United States …

If you’ve ever stood in line at a bar or a drinks cart, you’ve probably felt frustrated. This is exactly what gave the idea of For MyBeverageoriginally known as PourMyBeer. The company uses innovative technology to solve this near universal problem. Learn about their system and the company’s journey in this week’s Small Business Spotlight. …

SPARTANBURG, SC (FOX Carolina) – Tracy Williams started in the fire department at a young age. “They asked me if I wanted to be part of the junior program. Well, I said yeah just something new, getting ready to graduate from high school, I’m just going to try it. From that day on, I was …

When markets are unpredictable, employers may be required to make business decisions that may have unintended effects on their pension and health and welfare benefit plans. Employers should keep the following considerations in mind to ensure they meet their benefit plan obligations. Continuation of benefits during layoffs, furloughs and other leaves of absence Employers looking …

On July 28, the Center for Responsible Lender (CRL) published a new report regarding the “persistent damages of high-cost installment loans”, claiming that these loans come with an “operating cost” in fees and interest that far exceeds the amount borrowed, often causing irreparable harm to borrowers. CRL notes that the high-cost low-cost loan market has …

When markets are unpredictable, employers may be required to make business decisions that may have unintended effects on their pension and health and welfare benefit plans. Employers should keep the following considerations in mind to ensure they meet their benefit plan obligations. CONTINUATION OF BENEFITS DURING LAYOFFS, HOLIDAYS AND OTHER ABSENCES Employers looking to control …

How do PaydayDaze payday loans in California work? Many California residents take out weekend payday loans from a direct lender to see them through to payday. A loan can also be called a cash advance or a $255 payday loan. The Direct Lender’s Small Dollar Loan is unsecured and available to customers with all credit …

Are you unable to get a loan due to your bad credit or credit history? Worry no more, you’ve come to the right place now! Many institutions require a clean credit score for a borrower to obtain loans. Also, many lenders have strict guidelines that do not apply to individuals. Fortunately, many reputable lenders are …

As discussed in our recent alert, those who oversee pension plans have recently been given a welcome reprieve in terms of more time to pass some interim plan changes; however, the news is not all good. These same people who oversee pension plans – and benefit plans more broadly – ​​may receive a less welcome …

Common Types of Financial Hardship Loans Although hardship loans come in a variety of forms, each can be used to cover unavoidable expenses. But remember that not all options will suit your situation. Consider the pros and cons of each to choose the best one for you. Unsecured Personal Hardship Loans An unsecured hardship loan …