Practical HR Tips, News & Advice. Updated Daily.
by Jane Meacham, Contributing Editor The U.S. Department of Labor (DOL), in late December 2016, issued an information letter that indicated employer plan sponsors are entitled to use lifetime income products as a part of a prudent qualified default investment alternative (QDIA), even if the products contain certain liquidity and transferability restrictions.
Did you know that under existing laws, the person or organization who manages your company’s 401(k) is not legally obligated to provide advice that is in the best interest of the investor? If that seems crazy to you, then it perhaps will come as no surprise that this is about to be changed with the […]
Effective January 1, 2017, the Internal Revenue Service (IRS) is providing an exemption from a user fee for some small-employer benefit plans seeking a determination letter about their qualified status.
It’s one thing to grasp individual Family and Medical Leave Act (FMLA) rules, but another thing entirely to apply them in the real world. This article series addresses some of the most confusing real world problems. Here we’ll focus on managing the duration of FMLA leave and limits on intermittent and reduced schedule leave.
The New Mexico Supreme Court recently responded to a certified question from the U.S. District Court for the District of New Mexico in a lawsuit filed by the family of a worker who was killed in an accident at a salvage yard that was likely caused by a coworker. The supreme court’s answer turned on the resolution of a conflict between language in the New Mexico Workers’ Compensation Act (WCA) and the uninsured motorist (UM) statute.
The U.S. Department of Labor (DOL) is suing the fiduciaries of a Vermont employee stock ownership plan (ESOP) for violations of the Employee Retirement Income Security Act (ERISA), alleging that First Bankers Trust Services, Inc.’s 2011 purchase of a company on behalf of the ESOP from its two previous owners caused the plan to suffer […]
How often have you or your hiring team put together a job offer for a well-qualified candidate only to have the offer rejected? This can be quite frustrating, and can increase how long it takes to fill a vacancy.
A group of republican senators proposed a replacement bill for the Affordable Care Act (ACA) that would allow states to choose whether or not to keep Obamacare’s provisions in place. Because employers’ requirements would depend on where employees work, compliance could be a real challenge for companies with operations in multiple states, according to the […]
Maternity leave is so 2015. Like resolutions, trend forecasting has become a rite of passage around the arrival of each New Year. Through safe bets and bold predictions, we look ahead to what the year will hold. Over time, these trends cease to be trends—they become entrenched in our workplaces, and they mature.
The U.S. Department of Labor (DOL), in late December 2016, reinstated earlier guidance on proxy voting for plan fiduciaries that encourages them to “responsibly” exercise their rights as shareholders.