Month: April 2022
Utilizing Pulse Surveys and Stay Interviews for Retention and Culture
Keeping your employees engaged in their work is an ongoing component in the employee life cycle. This directly leads to their retention and success in the organization. Retaining your employees and how that impacts overall culture are important to stay on top of. For many organizations, conducting exit interviews has...
Read More
37% of Employees Cite Stress for Leaving Their Job: Learn How You Can Prevent This
Employers who are already challenged to find and keep top talent amidst a tough job market may find that high levels of workplace stress are making it more difficult to assemble and sustain a solid workforce. Recruiting and Retention With stress levels higher than ever in the early 2020s, several...
Read More
Innovative is Featured in SJ Magazine for Creating a Culture of Giving Back
Innovative Benefit Planning LLC was proudly featured this month in SJ Magazine for our culture of “giving back” to our community. We are grateful to have been recognized for our efforts, however the true pride comes from the things we do for others, and the impact we make. Take a...
Read More
2021 EEO-1 Component 1 Data Collection Portal is Now Open
The U.S. Equal Employment Opportunity Commission (EEOC) has announced that the 2021 EEO-1 Component 1 data collection portal is now open. Eligible employers have until May 17, 2022, to submit data to the portal. The EEO-1 Component 1 report is a mandatory annual data collection that requires all private sector...
Read More
Are You Leveraging Population Health Management Correctly to Mitigate Claims Risk?
While all health plans face the possibility of higher claims, properly managing your employee’s risk pool and population health can help mitigate claims risk and reduce costs in your plan. Population health management identifies, evaluates, and manages the risks facing an organization and its plan participants. While employers cannot prevent...
Read More
Three Major Differences Between a Broker and Fiduciary Plan Sponsor
For plan sponsors, managing a 401(k) plan can be complex and time-consuming. Some plan sponsors hire outside advisors to help the plan stay compliant with the various IRS and ERISA regulations. When hiring outside advisors, many plan sponsors are unaware of the added benefits of hiring an investment fiduciary as...
Read More
9 Things to Consider About Your Advance Directive
It is no surprise that Stress Awareness Month and National Healthcare Decisions Day fall on the calendar simultaneously. If you are caring for a parent, spouse, or other family member, you want to honor their wishes, values, and goals. At the same time, you are no stranger to the stress...
Read More
Proposed Rule Would Fix the “Family Glitch”
Under the current Affordable Care Act (ACA) regulations, employer-based health insurance is deemed “affordable” if the employee’s contribution for self-only coverage does not exceed the affordability threshold in a given year (9.61% in 2022). Those who do not have access to affordable employer-based coverage may qualify for a premium tax...
Read More
House Passes Secure Act 2.0 Bill
In a 414-5 bipartisan vote, the House of Representatives has passed a bill that, if enacted, is said to improve the retirement savings system in the United States by expanding coverage and increasing retirement savings. The Securing a Strong Retirement Act, colloquially known as Secure Act 2.0 builds on the...
Read More
Temporary Flexibilities for Expired List B Identity Documents to End
In May 2020, the Department of Homeland Security (DHS) instituted a temporary policy which allowed employees to present expired List B identification documents for I-9 purposes. As a reminder, Form I-9 is used to verify the identity and employment authorization of individuals hired for employment in the United States. This...
Read More
