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A Connecticut-based fiduciary investment adviser agreed in a settlement to pay about $1.3 million to 13 pension plans to resolve alleged ERISA violations related to mutual fund fees the firm received. USI Advisors Inc. made investments in mutual funds on behalf of ERISA-covered defined benefit plan clients and received 12b-1 fees from those funds, according […]
Concerns are mounting in the United States about the increase in retirement plan “leakage” — hardship early withdrawals and loans being taken against such plans during tough economic times. As more Americans deplete their retirement savings to meet emergency expenses resulting from long-term unemployment, tightened credit or high medical expenses, policy makers are seeking ways […]
In 2007, the Equal Employment Opportunity Commission (EEOC) sued on behalf of a class of female tractor-trailer drivers against a large interstate trucking firm. But judges in two federal courts have now virtually thrown the case out. What happened. CRST Van Expedited is the trucking firm, and one of its female trainees complained to EEOC […]
Thanks to all who participated! Here are the detailed results: Most Common HR Policies The most widely implemented policy, according to our survey respondents, is harassment and/or discrimination with 94.5% having such a policy, followed closely by employee leave at 91.1%. Also above the 90% mark are computer and Internet use, confidentiality and proprietary information, […]