Benefits Think

Thanks to all who corrected us on this. We've fixed the original post so no more readers are misinformed.

Uh, it's the IRS, not DOL.

This development is actually an Internal Revenue Service action, not a Department of Labor action. It is the IRS that maintains the Voluntary Correction Program (VCP) under its Employee Plans Compliance Resolution System (EPCRS).

Everyone makes mistakes, and the IRS understands. The agency is enhancing its voluntary correction program for qualified retirement plans, effective Jan. 1, 2009, although plan sponsors can begin applying the new program guidelines as early as Sept. 2.

The House´s recent approval of parental leave legislation has revived the debate on the issue with fresh vigor among lawmakers, employers, employees and family advocacy groups.

According to a new report by Schwab, 401(k)s are still the way to go. We wrote about this issue in a recent edition of EBN Industry inBrief.

Layoffs, rising costs, stagnant wages -- here's a ray of light in what has become an increasingly gloomy employment environment. Check out the five 'sweetest' HR jobs, as listed by Workforce Management. Nope, none as CHRO at Hershey -- I checked.

Whether your workforce is mostly Gen Y, baby boomers or somewhere in between, all employees want to feel financially secure -- now and as they prepare for retirement. As you work to help them achieve such security, take cues from this year's list of Principal's 10 Best Companies for Employee Financial...

Online job boards are the most commonly used recruiting tool at small to medium sized organizations, suggests new research from the Inavero Institute´s report, "2008 study of recruiting practices - Insight from the Nation´s Hiring Managers." More than 50% of respondents used online job boards...

When the limping economy has employees making tough financial choices, it can be even harder to make the case that they should consider purchasing long-term care insurance. A new tool from Prudential aims to help benefit managers provide indepth LTC cost information by state and even city so employees...