DoL

Despite a recently launched lawsuit against the DOL, the rules will go into effect as planned, says adviser Robert Lawton.

United Benefit Advisors is offering updated information on ways advisers can help clients sail through a benefit plan review .

The U.S. Chamber of Commerce, SIFMA, FSI and other groups are asking a Texas court to vacate the Labor Department's new regulations less than a year before the rule goes into effect.

Industry organizations , including the U.S. Chamber of Commerce, allege that the DOL encroached on the U.S. Securities and Exchange Commission’s territory and overstepped boundaries for regulating broker-dealers that were established by Congress.

Some insiders at big brokerage firms encouraged the DOL to maintain progress during the rule’s development, which Assistant Secretary of Labor Phyllis Borzi says “kept us going.”

Changes will be more substantial than previous updates, said Phyllis Borzi, assistant secretary of labor for the Employee Benefits Security Administration, speaking this week during the IFEBP’s Washington Legislative Update.

The new rules were developed in consultation with the SEC, the Labor secretary adds.

Companies need to evaluate whether they will either raise salaries to maintain an exempt status, or begin paying overtime when the employee works more than 40 hours in a single week.

The DOL's overtime rule is out and all employers, both large and small, are sure to be affected, says lawyer John Schifino.

The DOL's overtime rule is out and all employers, both large and small, are sure to be affected, says lawyer John Schifino.

The jump in minimum salary threshold will be ‘a huge deal’ to some employers and brokers alike, says adviser David C. Smith, who recommends bringing in experts to develop a plan.

Many companies will have to conduct cost-benefit analyses in light of the new rules and determine whether or not they will need to reclassify some employees, which could potentially affect their benefits.

The DOL’s new rules, set to be announced today, offers a “token reduction” in the salary threshold for overtime pay and will cause harm to employers, says SHRM’s Lisa Horn.

As the DOL prepares to release its regulations, Ceridian’s Jim O’Connell shares how advisers can assist employers with compliance.

Now that the sharply contested rule is the law of the land, a senior Labor Department official says the department looks to help with compliance, not find targets to sue.

Now that the sharply contested rule is the law of the land, a senior DoL official says the department looks to help with compliance, not find targets to sue.

Companies are counseled to conduct wage and hour audits in preparation for upcoming Department of Labor rules.

The DOL’s proposed changes are expected to be released as early as this month and will have a dramatic effect on employers’ compensation programs, according to the Partnership to Protect Workplace Opportunity.

Often overlooked, handbooks are an important form of documentation that the IRS or DOL will most likely request during an audit, says attorney Patricia Moran.

Often overlooked, handbooks are an important form of documentation that the IRS or DOL will most likely request during an audit, says attorney Patricia Moran.