It’s been over six years since the 2700-page Affordable Care Act (ObamaCare) was rammed down the throats of Americans (over 60% of whom were opposed to its passage), so what to do for an encore? President Obama now wants to mandate that small business next provide retirement plans for all employees – full and part-time. …
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Outgoing Illinois Governor Patrick Quinn, who lost his reelection bid in November, in his last days in office signed a bill into law requiring all Illinois businesses with 25 employees or more to offer individual retirement savings options to their employees by June 1, 2017. Under the law, businesses will have an option of using…
Read More »Ovation Payroll, one of our many active sponsor organizations, has advised us that the Department of Labor (DOL) published final regulations requiring certain retirement plan service providers to furnish fee-related information to the plan administrators of the defined benefit and/or defined contribution plans with the organizations with which they contract (the service-provider rules). In conjunction…
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