DoL

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.

The DOL’s April 2017 deadline means employers should start familiarizing themselves now with their responsibilities under the new regulations.

The DOL’s April 2017 deadline means employers should start familiarizing themselves now with their responsibilities under the new regulations.

A closer reading of it sends a clear signal to plan sponsors that they should aim to keep participants invested in a qualified defined contribution plan throughout their working lives.

With reporting requirements soaring, brokers are turning to their own regulatory division to help clients, says Richard Asensio, director of compliance at Burnham Benefits.

A closer reading of it sends a clear, if unstated, signal to plan sponsors that they should aim to keep participants invested in a qualified defined contribution plan throughout their working lives, according to Retirement Clearinghouse’s Spencer Williams.

Pension plans and welfare plan all store personal data on each participant and beneficiary, ranging from social security numbers and addresses to date of birth and health information. The more immediate and available personal data becomes, the greater the risk for a potential breach or unauthorized disclosure or access, as is evident from the cyber attacks on major retail operations, health care providers and the government.

Employers looking to minimize DB program risks should consider market-return cash balance plans, according to October Three Consulting’s Larry Sher.

Advisers and their clients have to start planning now to ensure they are prepared for the HSA fiduciary rules taking effect in two years.

Employers looking to minimize DB program risks should consider market-return cash balance plans, according to October Three Consulting’s Larry Sher.

ACA reporting requirements have brought increased scrutiny of employer-sponsored healthcare plans and the government is largely expected to respond to red flags through audits.