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Sexual Harassment: Court Says Employers Are Automatically Liable For Supervisor Harassment In California; Preventive Measures More Important Than Ever

Although the California Fair Employment and Housing Act is modeled on federal anti-discrimination laws, the state law is often more protective of employee rights. A California Court of Appeal has now ruled that when it comes to employer liability for sexual harassment by a supervisor, the state statute is stronger—and you can’t take advantage of […]

Outstanding Plan Loan Amounts Grow, Fidelity Reports

The percentage of 401(k) plan participants borrowing from their retirement accounts has remained steady amid record levels of savings in the accounts, but one data point from Fidelity Investments’ latest quarterly analysis of the thousands of accounts it manages could be cause for concern. According to the retirement plan administrator for 13.5 million 401(k) participants, […]

News Flash: Worker Sues Employer For Failing To Set Up A “Green” 401(k) Plan

A senior programmer who was fired allegedly because he complained about his employer’s 401(k) investment options has filed a religious discrimination lawsuit. James Salsman, a former employee of Veritas Software in MountainView, claimed it would violate his Quaker beliefs if his money were invested in businesses that produce weapons. Veritas’ retirement plan limited employees to investing […]

Investment Fee Disclosures Leave Most Participants Unmoved

A “snapshot” survey conducted in October found the start of disclosure of fees from retirement plan service providers spurred little change in the behavior of either plan participants or sponsors. A total of 176 defined contribution plan sponsors responded to the Plan Sponsor Council of America’s survey, launched a few weeks after sponsors began disclosing […]

Catch-up 401(k) Contributions Didn’t Increase Savings Rate Much

The participants 50 or older who have taken advantage of contributing much more of their salary to 401(k) retirement plans through catch-up provisions already were among the highest savers — and so few workers overall are constrained by the annual IRS limits that catch-up contributions aren’t a solution for  low retirement savings rates. Those conclusions […]

Federal Contractors: Government Drops EO Survey

The Office of Federal Contract Compliance Programs (OFCCP) has finalized a rule eliminating the requirement that non-construction federal contractors periodically file an equal employment survey known as the “EO Survey.” The Clinton administration introduced the survey in 2000, but it was widely criticized for being burdensome to contractors and not providing the OFCCP with the […]