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The provision of employee assistance services has established business benefits, including increased productivity of employees, and a decrease in both presenteeism and absenteeism. [6] Employees typically have access to an EAP hotline 24 hours a day, so there is no need to wait to seek assistance.
The Form 5500, Annual Return/Report of Employee Benefit Plan, was developed jointly by the IRS, United States Department of Labor, and Pension Benefit Guaranty Corporation to satisfy filing requirements both under the Internal Revenue Code (IRC) and the Employee Retirement Income Security Act (ERISA). The Form 5500 is an important compliance ...
NYC Health + Hospitals, officially the New York City Health and Hospitals Corporation (HHC), operates the public hospitals and clinics in New York City as a public benefit corporation. HHC was created in 1969 by the New York State Legislature as a public benefit corporation. [1] It is similar to a municipal agency, but has a board of directors.
A cafeteria plan or cafeteria system is a type of employee benefit plan offered in the United States pursuant to Section 125 of the Internal Revenue Code. [1] Its name comes from the earliest such plans that allowed employees to choose between different types of benefits, similar to the ability of a customer to choose among available items in a cafeteria.
In January 2008, KLA paid $65 million to settle allegations that the company and certain executives had illegally backdated stock option grants. [29] The U.S. Securities and Exchange Commission stated that "KLA dramatically overstated its reported financial results, depriving investors of accurate information about the company's compensation costs and financial performance.
Under COBRA, you’re able to stay with your former employer’s health plan, even if you’re no longer employed. You can keep COBRA coverage for 18 or 36 months, depending on your situation.
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