When you run a small business, you have to wear a hundred hats. As well as managing the day-to-day, you’ve got to get acquainted with a whole new world of paperwork and back-office administration. It’s not everybody’s strong suit, but traditionally it’s seen as the price of running a business.
Published By: Workterra
Published Date: Oct 25, 2017
Any number of characteristics put the mid-market employer in a league of its own, placing it somewhere between the niche-focused small businesses of Main Street, USA, and the complex enterprise-level organizations that conduct business on a global scale. HR technology is a shining example of this place in the middle. HR for mid-market employers must fulfill needs that can’t be met by benefits administration and core HR solutions designed to narrowly target either small businesses or enterprise organizations.
Download this whitepaper to learn why many small and mid-sized firms are choosing a more robust outsourced solution that combines HR tasks, like time and attendance management and workforce administration, with traditional payroll processing to improve data accuracy, ensure regulatory compliance, and deliver greater economies of scale.
Published By: ForUsAll
Published Date: Jun 18, 2018
The 401(k) market has rapidly changed.Is your plan up to date?
Since 2012, there have been significant changes in 401(k)s which have created new risks and opportunities for small and midsized business 401(k) plans. With this rapid pace of change, many business owners, and even some small advisors and recordkeepers have not been able to keep up. We’ll summarize both changes to the 401(k) industry and the opportunities that exist for you to improve your plan, specifically in the following 5 areas:
1. Staying compliant with increasingly complicated regulations – New government regulations have increased burdens on companies offering both health plans and 401(k)s. What used to be compliant may no longer work. Furthermore, software has improved, allowing many error prone, manual retirement plan administration tasks to be automated.
2. Increasing plan effectiveness by lowering fees – Since 2009, average 401(k) plan costs have dropped by almost 30%*. While average costs have come down, not al