Archives: 2022
IRS 90-Day Audit Program
Few things raise a plan sponsor’s anxiety level more than receiving a “your plan has been selected for examination” letter from the IRS. The IRS chooses which plans to examine (i.e., audit) through either random selection (comparing entries on the plan sponsor’s regulatory filings to “norms” for si…Continued
New Mental Health Crisis Dialing Code Launches July 16, 2022
The 988 Suicide and Crisis Lifeline (Lifeline) launches nationwide on July 16th. Similar to dialing 911 for medical emergencies, people in emotional distress or suicidal crisis can call or text 988 and be connected immediately to trained counselors who will listen, provide support, and connect them…Continued
Employer Considerations for Coverage of Abortion Benefits
The U.S. Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization overturned Roe v. Wade, which previously held that there was a constitutional right to decide whether to continue a pregnancy and that states may not prohibit abortion prior to fetal viability. Following Dobbs, states…Continued
June Outlook
Written for Bolton by Zack Fritz, Sage Policy Group, Inc.The past month has seen both short- and long-term economic forecasts revised lower. The Federal Reserve Board lowered their projection for 2022 GDP growth to a 1.7% annual rate, down from a projection of 2.8% in March, and they issued similar…Continued
Target Performance. Compensate for Achievement.
Our clients, like most organizations, struggle with the concept and practice of pay-for-performance for both their executives and, to a lesser extent, their broad-based employee population. Boards and management recognize that their compensation should be performance-based, but struggle with how it…Continued