A Key for Employer Policy - Essay Example

An employer should provide retirement plans for the employees. An example is the 401 (k) plan or the IRA plan which is most suitable for small businesses (Steingold, 2015, p. 118). An employer, however, should not promise an employee a specific income level after retirement. Instead, an employee earns his or her contribution to the plan. Based on good managerial skills, an employer should consider all the administrative requirements. That complies with the ERISA which requires employers to have plan administrators. Participating employees must have a copy of the summary plan description, summary annual report, and survivor coverage data. An employer must not fail to file Form 5500 with the IRS, annually (Steingold, 2015, p. 122).

Q 2

A key employer policy in the field of technology management is the Affordable Health Care Act. The Act has diverse legal, ethical, and managerial dimensions. It is beneficial to women because it provides insurance options for women covering preventive services at affordable costs. It is suitable for young adults through its coverage provided to them up to when they are 26 years of age. There are several benefits from the various annual wellness visits provided under the Act. In addition, there are preventive services offered for seniors who have Medicare. Front-line supervisor or manager benefits from provisions of the Act that places accountability on insurance companies for any increase in premium by 10%. Read More