The Tax Cuts and Jobs Act of 2017 made several changes to the hardship withdrawal rules for 401(k) and 403(b) retirement plans. Two years in the making, the IRS issued final regulations on Sept. 23, 2019 to implement these changes. Many of the changes are already effective, but certain mandatory provisions take effect Jan. 1, 2020.
The 14th largest private company in the U.S. announced Nov. 7 that it now offers six weeks of paid parental leave to most of its 28,000 employees following the birth or adoption of a child. Pilot Flying J’s “gender-neutral” leave benefit is available to all new parents working at its rest stops, retail locations and
The U.S. House of Representatives, where Democrats hold sway, may vote as early as August on a measure that would more than double the federal minimum wage to $15 an hour. Although prospects for the increase becoming law are doubtful given Republican control of the Senate, a House victory and a Senate punt could galvanize “Fight for
In the past few years, there’s been an explosion of employers – of all sizes and from all business sectors – looking to start wellness programs to contain their long-term health costs. And when wellness programs are conceived and carried out properly, they’ve been proven to get results. But here’s the key component for a