HR Newsletter: DOL Rescinds Guidance on Cryptocurrency in 401(k) Plans

Employco USA
HR Newsletter: DOL Rescinds Guidance on Cryptocurrency in 401(k) Plans

On May 28, 2025, the U.S. Department of Labor (DOL) released Compliance Assistance Release No. 2025-01, which rescinds prior 2022 guidance that cautioned plan fiduciaries to exercise “extreme care” before they considered adding a cryptocurrency option to a 401(k) plan’s investment menu for plan participants.

According to the DOL, the standard of “extreme care” deviated from the requirements of the Employee Retirement Income Security Act (ERISA). Under ERISA, fiduciaries must act prudently and solely in the financial interests of plan participants, among other standards of conduct.

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HR Newsletter: Managing Employee Benefits in Employee Separations

Employco USA
HR Newsletter: Managing Employee Benefits in Employee Separations

An employment separation is the end of an employee’s working relationship with an employer. It includes voluntary separations (i.e., resignation or retirement), involuntary separations (i.e., firing or layoff), and departures that occur at the expiration of a work contract or seasonal employment. Employment separations require employers to complete a variety of important tasks in a short time frame, including finalizing payroll, retrieving company property, and transferring the departing employee’s job responsibilities. Employers must also address issues related to employee benefits for departing employees.

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HR Newsletter: EEO-1 Reporting for 2024; Reports Due June 24

Employco USA
HR Newsletter: EEO-1 Reporting for 2024; Reports Due June 24

The portal for employers to submit 2024 EEO-1 Reports to the U.S. Equal Employment Opportunity Commission (EEOC) opened on May 20, 2025. The deadline to file 2024 EEO-1 Reports is June 24, 2025.

EEO-1 Overview – The EEO-1 Report is a federally mandated survey that collects workforce data categorized by race, ethnicity, sex, and job category. Under Title VII of the Civil Rights Act, covered employers must usually submit EEO-1 Reports by March 31. However, the EEOC pushed the deadline for 2024 EEO-1 Reports to June 24, 2025.

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HR Chat w/Employco USA: Navigating Layoffs and Furloughs

Employco USA

In this HR Chat, Rob and Jason offer guidance for companies that may be considering layoffs or furloughs amid workplace uncertainty. They break down how each option affects compensation, health benefits, unemployment eligibility, and unused PTO (which can vary by state).

Furloughs can get tricky—especially when it comes to benefits. If you have questions on this topic or others, we’re here to help: hr@employco.com.

Podcast: Employee Engagement Tips for Small Businesses

Employco USA

In this month’s HR podcast, Rob, Scott, and Jason share practical ways small businesses can boost employee engagement. With retention and productivity more important than ever, they explore how communication, recognition, and thoughtful feedback can strengthen your workplace culture.

They also cover tools like anonymous surveys and simple ways to offer more flexibility and growth. Want a deeper dive? Reach out to hr@employco.com to request our latest HR Insights article on this topic.

Podcast: Employee Engagement Tips for Small Businesses

HR Chat w/Employco USA: DOL Issues Guidance on Independent Contractors

Employco USA

In this HR Chat, Rob and Jason discuss the DOL’s latest Field Assistance Bulletin on independent contractor classification. While nothing is finalized, they explain how the guidance signals possible changes ahead and highlights the continued focus on proper worker classification. Contact hr@employco.com with any questions on this topic!

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