Practical HR Tips, News & Advice. Updated Daily.
Retirement plans’ sponsors and other fiduciaries associated with them got some reassuring news in early July when the U.S. Department of Labor stated in an advisory opinion that certain “revenue-sharing” fee payments by plan sponsors to their recordkeepers and other third-party administrators do not constitute plan assets for ERISA purposes. This means that service providers […]
Although defined benefit pension plan sponsors have engaged investment managers for years, it’s only recently that defined contribution plan sponsors have begun exploring this option to limit liability risk for their fiduciary role. “Because employers want to avoid litigation, which could result in personal liability for investment committee members, many plan sponsors are seeking ways […]
On Feb. 23, the Centers for Medicare and Medicaid Services put on public display final rules that require employer health plans to cover physician and hospital services in order to meet health care reform’s minimum value requirement. The rules also set the contribution self-insured health plans and insurers must make to a premium-stabilization fund for the individual […]
The departments implementing health reform can turn around a project when they are under the gun. Responding to concerns that the new “summary of benefits and coverage” (SBC) mandated by the health reform law is redundant, HHS, DOL and Treasury/IRS quickly turned around a final rule that eases some SBC requirements. The final rule and […]
by Boyd Byers She didn’t win the crown, but Miss Utah, Marissa Powell, made the most news during the Miss USA pageant this summer. Her bungled response to a question about the gender pay gap went viral and was seen by millions on the Internet. But her response also generated serious discussion about equal pay. […]
Awards season is upon us and soon all of Hollywood will gather to celebrate its most talented actors and actresses, as determined by the Academy of Motion Picture Arts and Sciences. Who will win the Oscar? While this question is being volleyed about and fiercely debated among Internet pundits and armchair critics, the nominees themselves […]
Many employers have no-fault attendance policies, which call for discipline or termination after an employee has a certain number of absences – regardless of the reason for the time off. But as one employer recently found, these policies may conflict with the family leave laws. We’ll look at what happened and offer other alternatives for […]
Over the Thanksgiving weekend, my youngest son pulled out his favorite holiday movie to get himself in the Christmas spirit. You see, my wife was planning a day of putting up the Christmas tree, stringing lights outside, and generally decorating our home for the holidays. You might say that not everyone in the family shares […]
By Upendra Chivukula and Veny W. Musum Today, almost 50% of Americans own zero capital wealth. With the already manifest discontent all over the country, this fact is an ominous recipe for even wider, much more serious future levels of unrest. However, there is a solution. Shared employee ownership via Employee Stock Ownership Plans (ESOPs) […]