Benefit plan sponsors can be held personally liable for mismanagement of an ERISA-qualified plan. Fiduciary liability insurance can provide protection.
Training employees is good for your bottom line and can be done virtually now. Online training was growing in popularity prior to the COVID-19 outbreak, but recent social gathering concerns have quickened that growth. There are several benefits to instructor-led virtual training.
With tens of millions of employees working from home in recent months, employers experienced first-hand the importance of technology to keep operations moving. Even though travel and face-to-face meetings came to halt, technology supported many business processes remotely.
The security of your business is dependent on each employee recognizing cyber scams and risks and responding appropriately. Most successful hacks occur due to human error, and these data breaches come at a high cost, so don’t take the chance. Proactive protection is critical.
Accountants are not one-size-fits-all, and you want the experience and expertise that best fits your business’s needs. It may seem simple, but your business needs change day-to-day. An accountant who is a tax specialist, may not be proficient in financial reporting.
There are several advantages to tax-free benefit accounts such as health savings accounts (HSAs), flexible spending accounts (FSAs) or health reimbursement arrangements (HRAs). These accounts provide participants more direct involvement in their health care, but involvement doesn’t have to mean...
Bukaty Companies now integrates our cloud-based payroll software, InspireHCM, with our online enrollment tool. This seamless data transfer prevents duplicate data entry and enhances accuracy.
As your small business grows, so do your responsibilities and financial risks. Many business owners think fraud, theft and embezzlement could never strike their organizations. But all businesses have some exposure, particularly those where the owner is stretched for time and attention.
As a fiduciary, one violation of the Employee Retirement Income Security Act (ERISA) could cost you. Not your business. Not your boss. You. Under ERISA, employers and administrators have fiduciary responsibility, which means they are responsible for managing the company benefit plan properly and...
COBRA compliance has never been easier for our online benefit enrollment clients with our new COBRA integration tool. For current COBRA and online enrollment clients this enhancement streamlines the COBRA process, reducing manual errors and ensuring election notices are expedited.