With rising costs due to inflation, escalating salaries, and increased cost of debt, everyone is searching for ways to reduce costs. One area that companies can look at is reducing Workers’ Compensation insurance premiums. One component of Worker’s Compensation...
Approximately 7.8 million people are employed by the construction industry, as of January 2023 — that’s about 2.9% of the U.S. workforce. Despite being a significant contributor to employment, the construction industry faces a unique challenge with an average annual...
Given the many lawsuits filed against retirement plan sponsors in recent years for breaching their fiduciary duties, here are the steps plan committees should be taking to mitigate risk. Lately the news cycle has been riddled with stories of retirement plan committees...
In an era where technological advancements are rapidly transforming, the protection of participants data in your retirement plan is an increasing concern. The urgency of implementing robust data security measures has been underscored by recent events, such as the...
For plan years beginning on or after January 1, 2023, The United States Department of Labor (DOL), Internal Revenue Service (IRS), and Pension Benefit Guaranty Corporation have announced changes to the form 5500 which impact the methodology for determining the size of...
A third-party administrator (TPA) significantly supports employee benefit plans. They offer various services that aid in managing and administering many processes of the plan and takes the burden of these tasks off of the employer, however they don’t alleviate...
Unemployment expenses can present significant obstacles for nonprofits in New Jersey. Here are some key considerations that reveal the impact of some hidden costs: 1:) Loan Interest: The New Jersey Department of Labor (NJDOL) has temporarily paid off a federal...
Join our webinar with seasoned insurance professionals Josh Weisberg and Michael Fleischer of SterlingRisk.
2023 Nonprofit Update Part II Track A Employee Benefits & HR Update Cerini & Associates, LLP, a leader in providing accounting, auditing, and consulting services to nonprofits, held their virtual 2023 annual Nonprofit Update conference on July 28, 2023. The world...
