Benefits

This is FindLaw's Law Firm Management Center's collection of free articles on Benefits. Providing health, dental, vision, 401k, retirement, pension, life insurance, and other benefits for your law firm employees is an important part of the long-term success of your practice. Learn about the many benefit options available. Start your research with FindLaw.
Benefits Articles
    • The Role of Benefits in Your Law Practice

      It's readily apparent to every law firm HR manager. The American workplace is changing. Downsizing and outsourcing have strained the once solid relationship between employers and employees, and created a more mobile, more fluid workforce.

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    • Tips to Avoid Office Back Pain and Workplace Injuries

      Eighty percent of Americans experience back pain in their lifetime and this ailment can have serious implications for job security by negatively affecting even the most dedicated employee's ability to go to work.

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    • Work-Life Balance and the Working Parent Struggle

      These issues are incredibly complex, and no doubt, there is no single answer to achieving a work-life balance. But what is the working parent struggle like for so many of us professionals who are somewhere in the middle of the socio-economic ladder? And what can the average professional think about when it comes to finding balance?

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    • ERISA Plans and Understanding Your Fiduciary Responsibilities

      Under the Employment Retirement Income Security Act (ERISA), employers are not obligated to provide employee benefit plans, but if they do, they must meet the requirements set forth in ERISA. Understand the basic obligations of an ERISA plan fiduciary.

       

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    • ERISA Plan Fiduciary Tips for Pension Consultants

      Plan fiduciaries are tasked with administering and managing their employee benefit plans. They have specific legal responsibilities in carrying out their obligations and often seek the advice of outside pension consultants to do so. Read on to find out more about several laws and regulations that govern both the plan fiduciaries and the pension consultants who advise them.  

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    • 401k Plans for Small Businesses
      401(k) plans can be a powerful tool in promoting financial security in retirement. They are a valuable option for businesses considering a retirement plan, providing benefits to employees and their employers. Employers start a 401(k) for a host of reasons.

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    • Understanding Retirement Plan Fees And Expenses
      The Federal law governing private-sector retirement plans, the Employee Retirement Income Security Act (ERISA), requires that those responsible for managing retirement plans -- referred to as fiduciaries -- carry out their responsibilities prudently and solely in the interest of the plan's participants and beneficiaries. This booklet will help you better understand and evaluate your plan's fees and expenses.

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    • FAQs on the Small Pension Plan Audit Waiver Regulation
      This article describes conditions for small employee benefit plans (generally those with fewer than 100 participants) and the small pension plan audit waiver regulation.

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    • Service Provider Tips For Your Employee Benefit Plan
      To assist business owners in carrying out their responsibilities under ERISA, the Employee Benefits Security Administration has prepared the following tips which may be a helpful starting point when selecting an employee benefit plan service provider.

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    • Selecting an Auditor for Your Employee Benefit Plan
      If your employee benefit plan is required to have an audit, one of the most important duties of the plan administrator is to hire an independent qualified public accountant. The sponsor of the plan is the plan administrator under the law unless another individual or entity is specifically designated to assume this responsibility. The following material will assist you, as plan administrator, in selecting an auditor and reviewing the audit work and report.

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    • Payroll Deduction IRAs for Small Businesses
      A payroll deduction individual retirement account (IRA) is an easy way for businesses to give employees an opportunity to save for retirement. The employer sets up the payroll deduction IRA program with a bank, insurance company or other financial institution, and then the employees choose whether and how much they want deducted from their paychecks and deposited into the IRA.

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    • FAQs About COBRA Continuation Health Coverage
      Congress passed the landmark Consolidated Omnibus Budget Reconciliation Act (COBRA) health benefit provisions in 1986. The law amends the Employee Retirement Income Security Act, the Internal Revenue Code and the Public Health Service Act to provide continuation of group health coverage that otherwise might be terminated. COBRA provides certain former employees, retirees, spouses, former spouses, and dependent children the right to temporary continuation of health coverage at group rates.

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    • What Is an HSA?
      Small business owners who want to provide health insurance for themselves, their families and their employees have a new program to help. The Health Savings Account, signed into law by President George W. Bush in December 2003, offers small business owners and employees what they need from health coverage: affordability, portability and freedom.

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