Improving your 401k plan – Autoenrollment

Companies looking to increase participation may want to consider an Auto-Enrollment plan.  New employees are automatically enrolled when they come on board, at 3%.  That amount climbs to 6% by year 5.  Employees can opt out at any time, and the plan can be set up that any funds they put in can be returned within the first 90 days. …

Five Leadership Lessons From James T. Kirk

Alex Knapp, Forbes Staff Captain James T. Kirk is one of the most famous Captains in the history of Starfleet. There’s a good reason for that. He saved the planet Earth several times, stopped the Doomsday Machine, helped negotiate peace with the Klingon Empire, kept the balance of power between the Federation and the Romulan Empire, and even managed to …

Plan Sponsors Getting Big Fines From DOL

February 21, 2012 Plan Sponsors Getting Big Fines From DOL Typically, only one in four retirement plans audited in the last few years has earned the federal government’s seal of approval. An estimated 70% of retirement plans audited by the Department of Labor (DOL) in 2009 and 2010 were fined, received penalties or had to make reimbursements for errors–all of …

Annual PCIP Member Claims Average $28,994

Life Health Pro, By Elizabeth Festa February 23, 2012 The Pre-existing Condition Insurance Plan (PCIP) — a new health insurance program for people with health problems — ended 2011 with 48,879 enrollees. That’s up from none in the summer of 2010, when the program started, officials at the Center for Consumer Information and Insurance Oversight (CCIIO) say in a new …

Carolina Care- Generic Plavix

        Generic Plavix® Available Soon; Medco Offering Split DispensingThe generic version of Plavix (clopidogrel), a drug used to help prevent harmful blood clots that may leadto heart attacks or strokes, is expected to be available for doctors to prescribe in May 2012. In late February, Medco will mail letters and a Frequently Asked Questions document to our …

Payroll Tax Cut Extended to the End of 2012

IR-2012-27, Feb. 23, 2012 WASHINGTON — The Internal Revenue Service today released revised Form 941 enabling employers to properly report the newly-extended payroll tax cut benefiting nearly 160 million workers. Under the Middle Class Tax Relief and Job Creation Act of 2012, enacted yesterday, workers will continue to receive larger paychecks for the rest of this year based on a …

Judge: Gov’t can require union posters at work

By Sam Hananel March 2, 2012 WASHINGTON (AP) — A judge has ruled the National Labor Relations Board can require most private businesses to put up posters telling workers they have a legal right to form a union. But U.S. District Judge Amy Berman Jackson limited how the board can enforce the requirement. She says simply failing to display the new …

Monthly Economic Update – March 2012

    MONTHLY ECONOMIC UPDATE     MONTHLY QUOTE “When one door of happiness closes, another opens; but often we look so long at the closed door that we do not see the one which has opened for us.”  – Helen Keller     MONTHLY TIP There is no rule that says you have to stick with the same bank for 10 …

TAX CORPORATIONS LESS…TAX DIVIDENDS MORE?

President Obama’s envisioned tax reforms could hurt wealthy retirees.  Presented by Reeve Conover  On Capitol Hill, a rough consensus is starting to emerge: a feeling that the corporate tax rate should be reduced to help U.S. firms stay globally competitive. At the same time, President Obama’s 2013 federal budget proposes a massive tax hike on corporate dividends, a change that …

Coverage of Contraceptive Services

Under the Affordable Care Act, certain preventive services are required to be covered without cost-sharing. In August 2011, HHS released expanded guidelines for plans and insurers focusing on women’s health issues. For plan years beginning on or after August 1, 2012, non-grandfathered group health plans (fully insured and self-insured) and health insurance carriers offering group or individual health insurance coverage …