What happens to my 401(k) if my employer’s business shuts down?
Posted: August 13, 2024
A 401(k) is widely used to facilitate retirement savings, providing employees with a tax-advantaged way to build their nest egg. When an employer goes out of business, employees often worry about the security of their 401(k) funds. Fortunately, 401(k) plans are protected by federal laws and typically remain intact. Ownership of a 401(k) Account 401(k) accounts are owned by employees, not employers, ensuring the security...
Your OSHA Compliance Guide to Recordkeeping & Reporting
Posted: August 4, 2024
OSHA (Occupational Safety and Health Administration) ensures workplace safety by setting and enforcing standards to protect workers’ health and safety. Compliance with OSHA’s recordkeeping and reporting requirements is key for maintaining a safe work environment and preventing accidents. Here is an examination of practical strategies for business owners to promote OSHA compliance, covering recordkeeping, reporting procedures, and best practices to promote a culture of safety...
Your Back-to-School Insurance Checklist
Posted: August 1, 2024
Returning to school is an exciting time, promising new lessons, growth, and fresh experiences. By ensuring your insurance coverage is up-to-date, you can better protect your child, family, property, and finances. Add the following insurance products to your back-to-school checklist to prepare for a new school year. 1. Health Insurance Your child’s health is paramount; they may be exposed to new environments and potential...
Bolster Employee Resilience & Engagement with These 4 Tips
Posted: July 28, 2024
Unfortunately, dealing with health insurance and healthcare providers is one of the most challenging and stressful things an individual faces in today’s society. That is why healthcare benefits are a staple aspect of attracting and maintaining a talented workforce for a business. Yet, understanding and maximizing these benefits is often confusing for employees, leading to missed opportunities for care. Employers play a crucial role in...
Do I Need Employment Practices Liability Insurance (EPLI)?
Posted: July 19, 2024
Employment Practices Liability Insurance (EPLI) protects businesses against claims of wrongful employment practices such as discrimination, harassment, wrongful termination, or retaliation from employees or former employees. In today’s litigious environment, EPLI is essential for businesses of all sizes to safeguard their reputation, finances, and operations. It covers legal expenses, settlements, and judgments, helping companies to navigate complex employment-related claims and mitigate financial risks. Assessing Your...