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.
Tags: Benefits Compensation Equal Pay PayDOL 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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Reassignment of Job Duties Did Not Violate FMLA
Janet L. Heins|Decision-Making, Family and Medical Leave, News, Benefits, Compensation, Equal Pay, Pay
Reassignment of minor job duties during an employee’s medical leave without returning those duties to the worker after the...
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For Benefit Platforms, Employers Pick User Experience Over Cost
Janet L. Heins|Benefits Technology, News, Relationship Management, Benefits, Compensation, Equal Pay, Pay
Price is not the primary driver for large employers that are choosing benefits administration technology platforms. Instead, they want...
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California Small Businesses Soon Must Provide Baby Bonding Leave
Janet L. Heins|California, Family and Medical Leave, News, Benefits, Compensation, Equal Pay, Pay
On Oct. 12, California Governor Jerry Brown signed the New Parent Leave Act (S.B. 63) into law, requiring employers...
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How To Promote Retirement Savings for America Saves Week 2018
Janet L. Heins|Defined Contribution Plans, News, Relationship Management, Retirement and Financial Planning, Benefits, Compensation, Equal Pay, Pay
America Saves Week 2018, from Feb. 26 to March 3, is a time to encourage employees to save more...
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Which State’s Wage Laws Apply When Workers Temporarily Relocate?
Janet L. Heins|Decision-Making, Minimum Wage, News, Tax Compliance, Benefits, Compensation, Equal Pay, Pay
Which state’s employment laws apply when employees are working out of town?
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IRS Sets New Fees for Correcting Retirement Plan Errors
Janet L. Heins|Benefits Compliance, Critical Evaluation, Defined Contribution Plans, News, Benefits, Compensation, Equal Pay, Pay
For 2018, the IRS altered the fees it charges retirement plan sponsors when they use the Voluntary Correction Program...
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New Instant Pay Mobile Apps Remake Payday
Janet L. Heins|Communication, Compensation Communication, Compensation Technology, News, Benefits, Compensation, Equal Pay, Pay
A growing number of companies are using instant pay apps, which allow workers to draw from their earnings daily...
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Notes written a year before 77-year-old was fired were direct evidence of age bias
Janet L. Heins|Blog, News, Benefits, Compensation, Equal Pay, Pay
By Kathleen Kapusta, J.D. Notes written by a decisionmaker in the termination of a 77-year-old employee during a conference...
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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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