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The U.S. Department of Labor (DOL) has begun taking steps to loosen the reins on employers, turning away from some Obama administration initiatives. While recent actions indicate that the crackdown on joint employers and employers using independent contractors is over, … Continue reading
Employers must comply with a variety of laws involving the minimum wage and overtime. As you may know, the overtime rules were going to change dramatically last year before a federal court stepped in to delay the changes. Now, the … Continue reading
Texas Federal Judge Amos Mazzant issued a nationwide preliminary injunction last night, blocking the Department of Labor’s new overtime pay rule, and putting into peril one of President Obama’s signature accomplishments in respect to boosting wages. The new overtime pay … Continue reading
The deadline for the Department of Labor’s (DOL’s) final new overtime rule is scheduled to be December 1, 2016. While CFOs at most large U.S. companies have been working overtime themselves to prepare for the changes, many small and midsize … Continue reading
The U.S. Department of Labor (DOL) has released a final rule that makes dramatic changes to the determination of which executive, administrative and professional employees — otherwise known as “white-collar workers” — are entitled to overtime pay under the Fair … Continue reading
Research by Plan Sponsor Council of America, Hewitt Associates and BARRA RogersCasey suggests that only about half of 401(k) plans have an investment policy statement (IPS). It probably should be 100%. There are good reasons to have an IPS — … Continue reading
Last year, the IRS announced the launch of a one-year temporary pilot program to help small businesses that have failed to timely file certain retirement plan returns. Now the deadline for seeking relief is right around the corner. Small businesses … Continue reading
How can you tell if you’re correctly classifying employees as exempt or hourly? Exempt employees, unlike their nonexempt hourly counterparts, aren’t subject to the minimum wage and overtime pay requirements of the Fair Labor Standards Act (FLSA). However, exempt positions … Continue reading
This is a question we commonly get from clients who offer an employee benefit plan to employees. The answer, with a few exceptions, is: when the plan has 100 eligible participants. If your employee benefit plan does require an audit, … Continue reading
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