Practice management

Companies need to evaluate whether they will either raise salaries to maintain an exempt status, or begin paying overtime when the employee works more than 40 hours in a single week.

Intense regulation and younger employees are creating demand for innovative products and services, such as One Medical Group, panelists at EBA’s Dig|Benefits conference say.

Benefits tech isn’t just about simplifying administration; it’s about engaging employees, said Strive Benefits’ Saravanan Chettiar during the Dig|Benefits conference this week in Austin.

The general manager of Betterment for Business is responsible for the company’s turnkey 401(k) service that includes personalized investment advice for plan participants.

The DOL's overtime rule is out and all employers, both large and small, are sure to be affected, says lawyer John Schifino.

The DOL's overtime rule is out and all employers, both large and small, are sure to be affected, says lawyer John Schifino.

The jump in minimum salary threshold will be ‘a huge deal’ to some employers and brokers alike, says adviser David C. Smith, who recommends bringing in experts to develop a plan.

Many companies will have to conduct cost-benefit analyses in light of the new rules and determine whether or not they will need to reclassify some employees, which could potentially affect their benefits.

As benefits become more complex, organizations are looking for expert guidance – creating opportunities for professionals looking to expand.

Employers can ensure their summer workforce plans are compliant by asking their benefit advisers for help, according to ADP’s Aldor Delp.