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The average 401(k) account balance at the end of 2012 was 8.4 percent higher than the year before, but increased assets weren’t typical for all defined contribution plan participants studied, according to a December 2013 brief by the Employee Benefit Research Institute. While equity investments through stock mutual funds comprised the bulk of 401(k) assets […]
Last year, the Ninth Circuit Court of Appeals agreed with a lower court’s decision to certify a sex discrimination class action lawsuit filed against Wal-Mart on behalf of up to 2 million current and former female employees. Last month, the Ninth Circuit has now reaffirmed its ruling, thus putting the suit one step closer to […]
What rights do employees have to access their personnel records?
You should encourage and manage diversity in your workplace — not because it’s politically correct (and the right thing to do), but because it helps you improve and maintain your competitive advantage. Today’s fast-paced business world and ever-changing technology have taken employers beyond traditional boundaries, sometimes forcing you to adjust to differences in culture quickly. […]
Special from the Advanced Employment Issues Symposium, Las Vegas To avoid lawsuits, think like a plaintiffs’ attorney, says attorney Dan M. Forman. When the law firm evaluates your employee’s case, it is making an “investment decision.” Your objective is to discourage their interest. Forman is a partner at the Los Angeles office of Carothers, DiSante […]
The full Senate will soon consider a bill that would raise contribution limits for individual retirement accounts and 401(k) plans. The maximum annual contribution for 401(k) plans would increase from $10,500 to $15,000. IRA limits would rise from $2,000 per year to $5,000, and “catch-up” provisions would allow workers aged 50 and older to put […]
Under strict new rules adopted last year by the state Industrial Welfare Commission, you may be liable for a penalty of an additional hour’s pay for each day that you fail to provide a nonexempt employee with a required meal break, unless they’ve consented in writing to an on-duty meal period. Now three former employees […]
A federal judge recently granted final approval of a settlement resolving a class action race bias lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) against Walgreens Co., the nation’s largest drugstore chain. Under the settlement, Walgreens will pay over $24 million to approximately 10,000 African-American workers who charged they were discriminated against in […]
The Workers’ Compensation Insurance Rating Bureau has just voted to amend its recommendation for an increase in pure premium rates for 2003. Back in July, the California insurance commissioner approved the WCIRB’s recommendation for an 11.9% increase in the rates. But based on a review of new data reported by insurers reflecting a rise in […]