Excess 401k contributions for highly compensated employees

Share to Twitter Share to Linkedin Whether you’re a manager at a company with 3,000 employees or three, something that leaders across industries have learned in the past two years is that giving employees more flexibility is key to retention and recruiting of new hires. The pandemic forced the majority (~70%) of the US workforce to adapt in a plethora of different ways to keep everyone healthy while still continuing to work efficiently. Companies that previously had 0% of their employees working remotely had to figure out how to seamlessly transfer all operations to a 100% digital environment. While obviously a ton of bad things came from the pandemic, that’s not to say there weren’t learnings and lessons discovered across the board. The reality is that more talent in every part of the country, and the world, now has access to greater opportunities because of the increased normalization of remote work. Gone are the days where you have to live in San Francisco … [Read more...] about 30 Executives’ Perspectives On Remote, Hybrid, And In-Office Work

- A + A PARIS/MANILA (May 16): International wheat prices jumped on Monday as an export ban by India, the latest country to use trade curbs to counter food inflation, threatened to further squeeze world wheat supply strained by the war in Ukraine. US and European wheat futures climbed by nearly 6%, with the Chicago market — the global benchmark — earlier reaching its daily trading limit and Paris prices approaching all-time highs. By end of its overnight trading session, Chicago futures were up 4.9%, off an earlier two-month peak. Wheat has contributed to record highs this year for global food prices as measured by the UN's food agency, with Russia's invasion of Ukraine upending the market by halting massive shipments from Ukrainian sea ports. India's embargo, prompted by a heatwave that has cut harvest prospects and sent domestic prices soaring, marks a policy U-turn after the government maintained just days earlier that it was still targeting record exports of … [Read more...] about Wheat prices jump as India export ban adds to supply squeeze

Share to Twitter Share to Linkedin Neiman Marcus filed for C hapter 11 bankruptcy protection last week, and a lot of the blame was (rightly) put on the upscale retailer’s massive debt load though the Coronavirus was cited as the cause as well. But, another issue must be raised: Neiman Marcus long struggled to attract millennial and Gen Z consumers. Courting these two groups is key to any longstanding retailer’s existence. So how exactly did the Dallas-based retailer—more synonymous with lifestyle excess than today’s “woke” generation—fall short? Beth Goldstein, an industry analyst at the NPD Group, says Neiman Marcus isn’t alone. “Most department stores today have this challenge, especially at the high-end. Gen Z and Millennials are driven to specialty retailers and direct-to-consumer channels, both in-store and online,” she says, adding, “New brands born online offer great stories about function, sustainability, and convenience which captured their … [Read more...] about Neiman Marcus Needs To Court The Millennial And Gen Z Customer. Can It Succeed?

Story highlights SIDS is the leading cause of death of infants older than 1 month in high-income countries Monitoring babies to ensure that they sleep on their backs could cut chance of SIDS by up to 60% (CNN) Sudden infant death syndrome -- long regarded as an unexplained phenomenon affecting apparently healthy children under 1 -- may have a genetic basis in some cases, a new study suggests. The study, published Wednesday in the journal The Lancet , found that a genetic mutation affecting respiratory muscle function was associated with SIDS in a subset of cases. The mutation causes a dysfunction that can make it harder for infants to adequately respond to hypoxemia, or low oxygen levels in the blood, the researchers said. It alters the shape of a "sodium channel" that maintains an electric current to stimulate muscle contraction. "I think the evidence is pretty compelling that some cases of SIDS are caused by sodium channel … [Read more...] about Sudden infant death syndrome may have genetic basis, study suggests

By CAROLYN THOMPSON, MICHAEL R. SISAK and ERIC TUCKER BUFFALO, N.Y. (AP) — The white gunman accused of massacring 10 Black people at a Buffalo supermarket wrote as far back as November about staging a livestreamed attack on African Americans, practiced shooting from his car and traveled hours from his home in March to scout out the store, according to detailed diary entries he appears to have posted online. The keeper of the diary posted hand-drawn maps of the grocery store along with tallies of the number of Black people he counted there, and recounted how a Black security guard at the supermarket confronted him that day to ask what he was up to. A Black security guard was among the dead in Saturday’s shooting rampage. The diary taken from the chat platform Discord came to light two days after 18-year-old Payton Gendron allegedly opened fire with an AR-15-style rifle at the Tops Friendly Market. He was wearing body armor and used a helmet camera to livestream the bloodbath on … [Read more...] about Online diary: Buffalo gunman plotted attack for months