What Is a Right-to-Work State?

In a "right-to-work" state, private-sector employees have the option to choose whether or not they want to join a union. In other states, a person applying for a private-sector job where employees are unionized can be required to join the union as a requirement of being hired.

2022-09-22T08:30:57-04:00September 17, 2022|Categories: Accounting, Labor Unions|Tags: , |

Impact of ARPA on Multiemployer Pension Plans

Although not a permanent solution, ARPA includes important relief for eligible multiemployer pension plans and provides plan sponsors with an opportunity to return to a state of solvency that may not have been possible otherwise.

2022-04-27T14:37:52-04:00April 19, 2022|Categories: Employee Benefit Plans, Retirement|Tags: , , |

Take 3 Steps Now to Survive a DOL Cybersecurity Audit

Hacking and ransomware have the potential to create havoc for the assets and sensitive data housed in benefit plans across the country. As a result, in 2021, the DOL scaled up its interest in how administrators are addressing and responding to cybersecurity risks.

2022-03-18T15:15:06-04:00March 18, 2022|Categories: Cybersecurity, Employee Benefit Plans|Tags: , , |

Employee Benefit Plan Audit Changes Under SAS 136

Statement on Auditing Standards (SAS) No. 136 is quickly coming up on the employee benefit plan horizon. Plan sponsors should familiarize themselves with the changes so they can be fully compliant for periods after December 15, 2021.

2021-07-29T13:24:05-04:00July 29, 2021|Categories: Employee Benefit Plans|Tags: , , , |

PPP Loan Eligibility for Labor Unions

The American Rescue Plan Act expanded Paycheck Protection Program (PPP) loan eligibility to certain labor unions and employee benefit plans.

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