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HEY DID YOU KNOW
On January 1, 2024, long-term part-time employees are eligible to participate in your 401(k) plan.

 To be eligible the employee must be over 21 and have worked at least 500 hours a year in the last three years.

 Participation is voluntary, and employers do not have to match the contribution.

 For more information on this new law please contact your Retirement TPA.

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SAVIO IN THE KNOW

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Overtime Rule Set Aside

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November 18, 2024

  April 2024, the Biden administration issued a final rule which implemented a new DOL salary test for white collar workers. With an effective July 1, 2024, the final rule increased the salary threshold for […]

The Impact of AI for HR Leaders

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November 13, 2024

Generative AI, often called Gen AI, is artificial intelligence (AI) that can create original content that includes text, images, video, audio, or software code in response to a user’s request. The AI landscape is spreading […]