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How Businesses Can Adapt Benefits to Support Employees During the COVID-19 Pandemic

With more than 4.2 million confirmed cases of COVID-19 in the U.S., health will remain a top concern for American workers as we approach the end of summer.

On top of that, the pandemic has presented a unique challenge for a majority of businesses. Many businesses have shuttered completely, and for those that haven’t, significant financial losses have put a strain on their companies and employees.

Benefits Spotlight Series: UrbanSitter

Employee benefits have never been more important. And as companies adjust to the new reality brought about by COVID-19, employers and employees alike are beginning to identify gaps in their benefits programs.

Benefits Spotlight Series: Wellthy

Employee benefits have never been more important. And as companies adjust to the new reality brought about by COVID-19, employers and employees alike are beginning to identify gaps in their benefits programs.

Benefits Spotlight Series: First Stop Health

Employee benefits have never been more important. And as companies adjust to the new reality brought about by COVID-19, employers and employees alike are beginning to identify gaps in their benefits programs.

Benefits Spotlight Series: Kindbody

Employee benefits have never been more important. And as companies adjust to the new reality brought about by COVID-19, employers and employees alike are beginning to identify gaps in their benefits programs.

Benefits Spotlight Series: TouchCare

Employee benefits have never been more important. And as companies adjust to the new reality brought about by COVID-19, employers and employees alike are beginning to identify gaps in their benefits programs.

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IRS Announces HSA Limits for 2021

On May 20, 2020, the Internal Revenue Service (IRS) released Revenue Procedure 2020-32 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2021. An HSA is a tax-exempt savings account that employees can use to pay for qualified health expenses.

How the CARES Act Affects Defined Contribution Retirement Plans

The Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) offers new rules for loans and distributions made during the 2020 calendar year:

Employees taking advantage of their company's education stipend

4 Reasons to Offer Employees an Education Stipend

Learning new things is one of the best ways we can grow—both as individuals and professionals. Just as teachers encourage their students to learn new things, managers should encourage their direct reports to do the same. But while most companies want their employees to pick up new skills, few actually invest in professional growth.

Effective Ways to Reduce Retirement Plan Expenses During Uncertain Times

There is not much written about how retirement plan sponsors should weather situations like the one we’re facing now, mostly because these are unprecedented times. However, the virus that’s causing a meltdown on Wall Street shouldn’t create a meltdown in your office. Knee-jerk reactions like eliminating all equities or terminating a plan altogether can have far reaching consequences. While the ideal outlook is to stay the course, we recognize that not all companies are in the position to do so. So what are the most effective options for sponsors looking to their 401(k) or 403(b) plans as a way to manage costs?