compliance

International Travel Insurance 101

Benefits, Benefits Plans, Compliance, Employee Benefits, Employees, Family, Financial Planning, HR, Human Resources, Insurance

Travel insurance protects individuals and businesses against loss that occurs while traveling. Travel insurance mitigates losses caused by missed flights, natural disasters, acts of terrorism, personal injury or sickness while abroad, lost or stolen personal items and baggage, and unforeseen personal events that prevent traveling. While some might consider travel insurance unnecessary, for many, it provides peace of mind. With the right level of protection, travel insurance allows individuals to focus on the purpose of their trip, whether for business or personal reasons, without wondering what might happen if they find themselves in an emergency situation.

by Chris Freitas

401(k) Discrimination Testing: What Is It and How Does It Help Your Business?

Benefits, Benefits Plans, Compliance, Employee Benefits, Employees, Equality, Family, Financial Planning, HR, Human Resources, Inclusion, job satisfaction, Retirement

Offering retirement savings benefits as part of a company’s employer value proposition is essential to attracting, hiring, and retaining top talent. To help employees plan for their financial future, the most common retirement savings plan that employers offer for today’s workforce is a 401(k) defined contribution plan. A 401(k) plan allows employees to contribute pre-tax dollars to tax-deferred investments based on IRS annual contribution limits. Many employers offer a company match to employee contributions, with standard practices being a 50-cents-for-every-dollar match or a dollar-for-dollar match up to 6% of the employee’s contribution.

by Chris Freitas

Redesigned W-4 Form to Launch in 2020 | CA Benefits Partners

Compliance, Employees, Employers, Forms, Human Resources, IRS, W-4, Workplace

When will the new Form W-4 be released? In 2020, according to a press release published by the Treasury Department on September 20, 2018. The department announced that the IRS will implement a redesigned W-4 form for tax year 2020, a timeline that will allow for continued work to refine the new approach for the form.

by Mike Radakovich