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Employee Benefits

SECURE 2.0: Form 5500 Updates

SECURE 2.0: Form 5500 Updates

Earlier this year, the Department of Labor (DOL), Internal Revenue Service (IRS) and Pension Benefit Guaranty Corporation (PBGC) issued final rules on Form 5500 and Form 5500 Short Form (SF) changes starting for 2023 retirement plan year reports. Changes are part of the final phase of Setting Every Community Up

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ERISA: What to Know & Do as a Benefit Plan Fiduciary

ERISA: What to Know & Do as a Benefit Plan Fiduciary

If you are a private employer that sponsors an ERISA-covered health and/or retirement plan for employees, it’s a good idea to review your responsibilities – and deadlines – to ensure compliance. The Employee Retirement Income Security Act of 1974 or ERISA is a Federal law that protects retirement and welfare

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Timely Remittance: Being Late Will Cost You

Timely Remittance: Being Late Will Cost You

No doubt, offering a defined contribution retirement plan – like a 401(k) – can have a positive impact on employee attraction, engagement, and retention. Plus, helping employees build a nest egg for the future is simply the right thing to do. Just make sure that when you take on the

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The DOE & DOL Spent the Summer Boosting Teacher Talent Pipeline Efforts

The DOE & DOL Spent the Summer Boosting Teacher Talent Pipeline Efforts

While students and families across the U.S. enjoyed time off during the summer months, the U.S. Department of Education (DOE) and Department of Labor (DOL) were busy! In late July, they introduced new guidelines for teacher apprenticeships; new investments and funding opportunities; and more. Like most industries, school districts have
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Grants, Free Resources and Other Support to Stand Up to Cyber Attacks on Schools

Grants, Free Resources and Other Support to Stand Up to Cyber Attacks on Schools

Cybercriminals beware! As we gear up for back to school season, the White House, Federal agencies, companies, and local administrators and educators are teaming up to shore up plans, resources, and protocols to help school districts across the U.S. stand up to cybercrime. A lack of resources and infrastructure have
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Lunch Money: What’s the Latest on Free Meals in New York Schools?

Lunch Money: What’s the Latest on Free Meals in New York Schools?

In May, when the New York State Education Department Office of Child Nutrition hosted a webinar reviewing how schools and districts could take advantage of a 2023-2024 Executive Budget enhancement to help the state move closer to realizing universal free meals at all K-12 public and charter schools, there were
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Will Three-Year Bachelor’s Degrees Catch on in the U.S.?

Will Three-Year Bachelor’s Degrees Catch on in the U.S.?

Has the time arrived for three-year bachelor’s degrees to become the status quo in the U.S.? About 50 years ago, the idea was raised. Other than a short reprisal in the early 2000s, the three-year-degree concept never gained much momentum, until recently. In April of this year, InsideHigherEd.com reported, “Representatives
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Testing a Four-Day School Week

Testing a Four-Day School Week

School districts in certain parts of the country have adopted a four-day school week, primarily in response to staffing shortages and recruiting challenges. In some instances, local districts that were losing teachers and other staff to those offering the four-day school week had no choice but to do the same.
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Are You Ready for GASB 96, 94, 100 and 101?

Are You Ready for GASB 96, 94, 100 and 101?

It’s a big year for new and updated GASB standards, which translates into new and updated reporting requirements for government entities, including public school districts and institutions of higher education. GASB96 took effect for fiscal years beginning after June 15, 2022, so it will start to be reflected in financial
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ESSER Update: Where Things Stand & Where They’re Going

With school district budget planning and presentation season underway, no doubt Elementary and Secondary School Emergency Relief (ESSER) funds and spending will be part of the discussion. Between ESSER I, II and III, a total of $189.5 billion in Federal funding was provided starting in 2020. Here’s a look at
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How Your School Can Use Federal Funds to Go Green

How Your School Can Use Federal Funds to Go Green

Thanks to the Inflation Reduction Act (IRA), there is more federal funding available – in the form of grants and tax credits – to help schools go green and save. Is your district making the most of this opportunity? IRA funding is meant to help schools create healthy, sustainable learning
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Map of Qualified Census Tracts (QCTs)

  • Move map to NY and scroll to zoom in
  • Under Map Options select “Color QCR Qualified Tracts”