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Buyer’s guide to share incentive plans

Employee Benefits

According to the 2021 Proshare SAYE and Sip report, published in August 2022, in organisations that offer a Sip to employees, 41% of eligible staff participated. Additional costs may be incurred as a result of legal fees and compliance requirements. Free shares must be withdrawn from the Sip once the employee leaves the company.

Gross Pay 105
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Five Facts About the Annual Gag Clause Prohibition Compliance Attestation

Snell & Wilmer Benefits

Such “gag clauses” may be found in agreements between a group health plan or issuer and any of the following parties: (1) a health care provider; (2) a network or association or providers; (3) a third party administrator (“TPA”); or (4) another service provider offering access to a network of providers.

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Pay awards hit highest level since 2008

Employee Benefits

The benchmarking and compliance specialist analysed 101 salary settlements that became effective in the three months to the end of January this year, covering more than 170,000 employees. It found the sharpest rate of increase in pay since December 2008 and a significant jump from a median award of 2% in the rolling quarter to December 2021.

Banking 72
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New Proposed Rules Take Great Strides to Further Mental Health Parity

AssuredPartners

On July 25, 2023, the Departments of Labor, Treasury, and Health and Human Services (collectively, “the Departments”) released guidance in an effort to clarify existing guidelines under the Mental Health Parity and Addiction Equity Act (MHPAEA) and to help group health plans and insurers with compliance.

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December HR Update

Higginbotham

23, 2023, the Departments of Labor, Health and Human Services and the Treasury (Departments) issued FAQs on the prohibition of gag clauses under the transparency provisions of the Consolidated Appropriations Act, 2021 (CAA). Plans and issuers must annually submit an attestation of compliance with these requirements to the Departments.

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SECURE 2.0 Delivers New Rules for Correcting Retirement Plan Errors

Proskauer's Employee Benefits & Executive Compensa

provides that plan fiduciaries are not required to recover inadvertent overpayments made to participants and beneficiaries, assuming that the plan complies with applicable tax limitations on benefits and the minimum funding rules. In a major shift, SECURE 2.0 s enactment may continue undisturbed.

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10 steps to maintain end-of-year payroll compliance

Business Management Daily

While the year is winding down, the payroll department is ramping up to prepare for the end of the year and ensure that all reporting deadlines are met. Some payroll tax compliance items are completed quarterly, or more frequently throughout the year. You need the correct name and SSN to submit the year-end W-2 records to the SSA.

Payroll 52