Welcome to The Source, your one-stop-shop for the latest and greatest HR and benefits news. Our weekly publication highlight this week’s top stories in human resources, benefits administration, insurance, legislation and more to make sure you can stay on top of industry trends and changes. Start off your week on a high note with The Source!
In this week’s edition, we cover important IRS changes to student loan repayment contributions, share best practices for selling voluntary insurance products and explore how recruiters are getting more creative in an aggressive employment market.
The IRS Wants To Know: Has Your Company Filed Form 1095-C?
We know that under the ACA employer mandate, all companies with 50 or more full-time employees must issue IRS Form 1095-C, and will owe penalty fees for noncompliance. But what happens if an employer just simply never files forms at all, whether due to blissful ignorance or miscommunication with their ACA vendor? Mark Holloway with Lockton Companies dives into this scenario in a blog post here: Hear more from Mark Holloway, compliance services expert, on the Lockton Companies blog.
Recruiters Try Intranets, Social Media Ads As Talent Market Thins
The number of job openings is at a 17-year high according to Monster, and recruiters are finding that traditional ways of attracting job candidates are no longer enough. As a result, they’re borrowing tactics from the world of marketing to get an edge in the tight labor market. Read more about how employers are getting creative with recruiting on HR Dive.
IRS Allows 401(k) Match For Student Loan Repayments
Thousands of employees today are facing a hard choice: pay off student loans or save for retirement? A new IRS ruling approves an employer’s plan to offer a student loan benefit program under which it would make special 401(k) contributions into the accounts of employees who are making student loan repayments. Read more about updates to student loan repayment programs and 401(k) contributions on SHRM.
Close The Deal: Direct Clients To Sign Up For Voluntary Benefits
Brokers: how do you achieve success in selling voluntary benefits? Don’t make it a question: be assertive, proactive and authoritative in directing your client to the benefits program you think is best for them, says Eric Silverman for Employee Benefit Adviser. Learn more best practices for selling voluntary products from Eric on Employee Benefit Advisor.
The ACA is Under Fire Again
In the latest challenge to the long-disputed fate of the Affordable Care Act, a coalition of Texas GOP attorneys general and governors argued that a recent change in federal tax policy has made the ACA unconstitutional. They have asked a federal judge to grant a preliminary injunction that would suspend the law while the rest of the case unfolds. Get the scoop from The Washington Post.
This Week At PlanSource: How Brokers Grow [Webinar]
Join Neil Mammele, Director of Digital Strategy at PlanSource, and David Churchill from SHRM Broker Finder in a free webinar in which he’ll discuss tactics that brokers can borrow from the world of marketing to sell themselves to employers looking for guidance. Social media, search engine optimization, content marketing and online review sites like SHRM Broker Finder are not only helpful but necessary for putting yourself out there in the broker marketplace and attracting more clients. Save your spot here!