Psychological safety is the belief that you can share your thoughts, opinions, mistakes, and ideas without fear of negative consequences. It is a crucial aspect of creating a healthy and productive workplace culture. In this article, we will explore the importance of psychological safety in the workplace and why companies should prioritize it. It promotes … Read more
Under IRS and Department of Labor rules, employers whose 401(k) plans have over 120 eligible participants on the first day of the plan year must hire an Independent Qualified Public Accountant (IQPA) to audit the plan for that year. (This is part of the so-called 80-120 rule, which governs plans with between 80 and 120 … Read more
Section 204 of the Consolidated Appropriations Act, 2021 requires insurance companies and employer-based health plans to report on their prescription drug and health care spending. This is known as the RxDC report where Rx represents prescription drugs and DC refers to data collection. Reporting for the calendar year 2022 is due on June 1, 2023. Insurance companies and employer-based … Read more
