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Congress is currently considering a new version of the Setting Every Community Up for Retirement Enhancement (SECURE) Act. The new version, the Securing a Strong Retirement Act of 2022 (known as SECURE 2.0), is intended to help more Americans take advantage of...
The insurance carrier for the Defendants will pay a total of $7,500,000 to settle claims that the Defendants violated their fiduciary duties under the Employee Retirement Income Security Act of 1974 (“ERISA”) in managing the Plan and ensuring its fees and expenses remain reasonable.
Employees who get paid with paper checks tend to get a pay stub with each one of these checks. The stub simply explains the amount that they were paid by showing them things like the deductions that were made, the hours worked, the hourly rate, any overtime hours and...
Do you know what responsibilities and duties your 401(k) plan fiduciaries must meet when managing Employee Retirement Income Security Act (ERISA) covered benefit plans? If you do not, you may be at risk of plan mismanagement. Most employees trust that their company...
It's well-known that pay inequality is pervasive in the workplace. But how do you know if you are receiving equal pay for doing the same job as your co-corkers? Can I ask my co-workers how much they make? Have you ever suspected that your employer isn't paying you as...
A person who is leaving a place of employment, either because of a termination or resignation, expects that they will receive their pay for the hours worked through their last day. While some employers might try to avoid having to pay those workers, there are laws...
If your job requires that you take a temperature check before you start your shift, you might be wondering if that activity counts as compensable time. Under FLSA law, if the activity is considered a “principal activity,” in that it is necessary to complete for the employee to perform their duties, then it is compensable. Expanding on this, employers must…
One of the key responsibilities that employers have to their employees under the Employee Retirement Income Security Act (ERISA) is their fiduciary duty to look after their retirement plan contributions. According to the U.S. Department of Labor (DOL), which is...
Last month, the U.S. Office of Personnel Management (OPM) announced that it is raising the minimum wage for civilian employees of the federal government to $15.00 an hour. The increase affects some 67,000 people who work in the U.S. across multiple agencies and...
Planning for retirement is something everyone should do to ensure peace of mind. Yet, sometimes those plans fail to work out for reasons beyond your control. If those in charge of your ERISA-protected retirement plan do not do the job they are paid for, you may suffer...