While the expanded definition of fiduciary that went into effect on June 9, 2017 remains in place, the Department of Labor (DOL) has extended the effective date for “prohibited transaction exemptions” along with temporary enforcement relief until July 1, 2019. Notwithstanding this delay, plan participants can sue retirement plan fiduciaries for breaches of their responsibilities, and plan sponsors should continue to focus on compliance by reviewing their investment education materials and conducting fiduciary training sessions.
DOL Delays Parts of Fiduciary Rule, Extends Enforcement Relief
Milwaukee Area Employment Law Attorney: 200 South Executive Drive, Suite 101 Brookfield, WI 53005 Phone: 262-241-8444
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HR Vice President Liable for Fiduciary Breach
Janet L. Heins|Decision-Making, Fiduciary Duty, News, Benefits, Compensation, Equal Pay, Pay
Administrators of the 401(k) plan of a California energy company, including the vice president of HR, are liable for...
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Tax Reform Would Scrap Tax-Free Tuition Reimbursements
Janet L. Heins|Benefits and Taxation, Influencing Government Policy, News, Benefits, Compensation, Equal Pay, Pay
Tax reform, in its current version, would repeal tax-free employer tuition reimbursements, even as employers are calling for these...
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Drug-Coverage Disclosures Are Due by March 1
Janet L. Heins|Benefits Communication, Communication, News, Prescription Drug Plans, Reporting and Disclosure, Benefits, Compensation, Equal Pay, Pay
Each year, employers that provide prescription drug coverage to Medicare-eligible workers, dependents or retirees must disclose to the Centers...
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Companies Add New Twists to Parental Leave
Janet L. Heins|Leave Management, News, Paid Time Off (PTO), Relationship Management, Benefits, Compensation, Equal Pay, Pay
Two large U.S. corporations—Cisco Systems and Whirlpool Corp.—have significantly increased their paid time off benefits for family members following...
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In Focus: Trump Proposes Tying Federal Workers' Pay to Performance
Janet L. Heins|Critical Evaluation, News, Variable Pay, Benefits, Compensation, Equal Pay, Pay
Using variable pay to reward workers for achieving goals is now common in the private sector. For federal workers,...
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‘Time-Shaving’ Policies Challenged
Janet L. Heins|Communication, Compensation Communication, Minimum Wage, News, Overtime Pay, Benefits, Compensation, Equal Pay, Pay
Seasonal restaurant employees who alleged that they were victims of “time-shaving” policies that deprived them of minimum wage and...
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Apple's Pact with 13 Health Care Systems Might Actually Disrupt the Industry
Janet L. Heins|Benefits Technology, Business Acumen, News, Benefits, Compensation, Equal Pay, Pay
Apple’s agreement with 13 prominent health systems,that would allow Apple to download onto its various devices the electronic health...
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H.E.L.P. – Heins Employment Law Practice Employee Rights Attorneys
200 South Executive Drive, Suite 101
Brookfield, WI 53005
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