As employers struggle to keep up with the rising cost of health insurance, spousal coverage is becoming one aspect of the benefit that’s coming under fire via spousal surcharges and carve-outs. But like all healthcare cost-cutters, employers have a variety of options to choose from here. [Read more…]
Before coming to PBP, Jared was an assistant editor at PGA Magazine, a leading trade publication for the golf industry. His business-to-business writing experience includes beats in marketing, human resources and finance. He graduated on the Dean’s List from Penn State University with a bachelor’s degree in English. He is also a frequent contributor to various political humor websites.
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The DOL has already been granted two extensions in submitting its final brief to the Fith Circuit Court of Appeals for the final overtime rule, but it looks like that still wasn’t enough. [Read more…]
California is hoping to implement the DOL’s overtime changes with or without a federal mandate. And because employment law trends in the Golden State tend to catch on around the country, employers everywhere should pay attention to the fate of a new CA bill. [Read more…]
Employers have a lot of freedom to determine how their 401(k) plan fees are allocated. The flip side of that freedom: A tremendous responsibility to make sure everything fee-related is done “solely in the best interest of participants.” That last part has caused plenty of legal issues for employers recently. [Read more…]
When you offer a company “ethics” hotline for reporting suspicious or fraudulent behavior and then fire an employee for using said hotline, you can hardly be shocked when the feds come down hard on you. [Read more…]
In a move that should come as a surprise to no one, the DOL delayed the effective date of the fiduciary rule. Now that there’s some definitive information on the rule’s timetable, Finance can move forward with its strategy. [Read more…]
Delta Airlines recently became the latest organization embattled in a highly publicized retirement plan lawsuit over its allegedly excessive 401(k) fees. The sad part: The company could’ve avoided its fate by taking just a few extra steps. [Read more…]
When financial chiefs enlist the services of a pharmacy benefit manager (PBM), they operate under the assumption that PBM is doing everything in its power to help their company. In many cases, however, the PBM is benefiting at the company’s expense. [Read more…]
The Department of Labor’s (DOL) overtime rule isn’t dead yet. In fact, a big ally recently stepped up. [Read more…]
Between recent court verdicts against employers and the potential adoption of the DOL’s fiduciary rule, fiduciary compliance is more critical than ever. The steps in this strategy essentially guarantee you and your plan are in compliance. [Read more…]