Day: August 7, 2014

Your Manager’s Worst Sin—Envy, Greed, or Sloth?

[Go here for sins 1 to 4 and a bonus sin] Sin 5. Envy Envy makes managers do things that aren’t appropriate for the company. For example: Gaming the compensation system. For example, giving a higher-than-deserved performance rating in order to award a higher raise to an average employee who is high in the range. […]

New QLACs Establish Foundation for DC Annuitization

By Robert Toth Jr.     Lifetime income for 401(k) plans have been getting a lot of press, driven in large part by efforts by the U.S. Departments of Labor and Treasury to find ways to promote retirement security. IRS took a substantial step in making these defined contribution lifetime income efforts become a reality […]

ERISA Does Not Free Self-Funded Plans from Paying Michigan’s Claim Tax

The Self-Insurance Institute of America has lost a round in its battle against a state-imposed tax on ERISA health plans. In a new ruling, the 6th U.S. Circuit Court of Appeals held that Michigan’s health care claims tax withstood SIIA’s preemption arguments, because the law doesn’t interfere with the parts of plan administration reserved exclusively […]

7 Safety Training Tips for Forklifts on Rough Terrain

Rough terrain forklifts require the right operators to handle them and misuse can lead to serious accidents. The workhorses are designed to handle heavy loads and operate on challenging terrain. Most rough terrain forklift accidents are caused by operator error. The right training procedures can help your employees understand how to carefully operate the equipment […]