Banco Popular de Puerto Rico

Plans sponsors can remove many of the barriers that prevent employees from taking full advantage of 401(k)s.

Firms should embrace technology, target communication efforts and help younger employees pick the right health plan.

An employer that fails to follow notice requirements can be fined between $2,000 and $5,000 for a first violation and between $5,000 and $10,000 for each subsequent violation.

Scheduling on-site training, attending webinars and preparing yearly checklists are among the best ways employers can fulfill their responsibilities, says benefits lawyer Carol Buckmann.

To help employees secure their financial futures, firms should consider their benefits package, worker needs and education efforts.

Automating contributions that help employees plan to buy a home, welcome a new child or pay off student loan debt could relieve workers’ financial stress.

An employee’s return to work is fraught with compliance and productivity challenges. A disability carrier can help.

The technology has the potential to assist human resources with everything from recruiting talent to managing unemployment benefits.

The alternative strategy is ideal for companies that like the idea of self-funding but want to keep the safety and stability of consistent premium payments.

HR departments need to think about how they can meet their human capital management needs.