Category Archives: Uncategorized

Obama to Unveil Higher Minimum Wages for Federal Contractors in State of the Union

In tonight’s State of the Union Address President Obama will announce an increase in the minimum wage for federal contractors to $10.10 per hour and he will call on Congress to pass a proposed similar wage increase for all workers….

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Judge Rejects Challenge to ACA Tax Credit, Shores Up Individual Mandate

On Jan. 15, the U.S. District Court for the District of Columbia held that the IRS can issue premium tax credits (under the Affordable Care Act) to individuals whether they enrolled for coverage through a federally or state-run health insurance…

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Medical Clinic Cited for FMLA Violations, Ordered to Pay Back Wages

The U.S. Department of Labor has cited Houston Ear, Nose & Throat Clinic, LLP, for multiple violations of the Family and Medical Leave Act, and has ordered the clinic to pay $17,390 in back wages and other expenses. A DOL…

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Construction Group Sues DOL Over New Contractor Regulations

Associated Builders and Contractors has filed a lawsuit against the U.S. Department of Labor alleging that its new hiring regulations for federal contractors exceeds the department’s statutory authority. The regulations, which implement Section 503 of the Rehabilitation Act, require federal…

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Pension Plan Fiduciaries Should Know Basics of ‘Responsible’ Investing

Working with investment managers on optimal asset mixes and maximizing returns long has been important for employer retirement plan sponsors and committees. But in recent years it also has become advisable for those overseeing fund managers to understand responsible investing…

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$110K Penalty Shows: Alcoholism is an ADA-protected Condition

Employers, pay heed. A recent court outcome — and hefty monetary award for the employee — reiterate the fact that alcoholism is a disability protected under the Americans with Disabilities Act. Following a five-day trial a federal jury in Pennsylvania…

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Cigna’s $35M Settlement on 401(k) Fees Includes Investment Review

Cigna has agreed to settle for $35 million a class-action lawsuit brought by current and former employee participants in the health insurance company’s 401(k) plan, alleging they were charged excessive fees. As part of the settlement Cigna pledged to hire an independent consultant to…

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Expanded Worker Classification Relief Program Available Until June 30

Is your company considering reclassifying certain workers from now on, but hesitant because it is worried about triggering a federal employment tax audit or having not consistently filed Forms 1099 for those workers in the past? If you answered “yes,”…

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PBGC May Exempt Most Companies, Pensions from ‘Reportable Events’ Rules

The Pension Benefit Guaranty Corp., in a policy reversal, has agreed to exempt most companies and their pension plans from sweeping “reportable events” requirements first proposed in 2009. This news should be a relief for the many small or financially…

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Wells Fargo Finds More Older Workers Took 401(k) Plan Loans in 4Q

Although many 401(k) plans offer participants loans, a statistic that plan sponsors don’t want to see is the number and size of those loans increasing. But some of them are seeing just that, according to Wells Fargo. A recent study…

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