Erring on the high side when choosing a 401(k) savings default-contribution rate won’t likely discourage employees from participating in the plan, new research suggests. Plan sponsors’ experiences back up this finding. Setting default rates between 7 percent and 10 percent did not result in lower enrollment when compared to a 6 percent control rate.
Tags: Benefits Compensation Equal Pay PayPush 401(k) Default Savings Rates Higher, Researchers and Plan Sponsors Agree
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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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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Jimmy John's Franchisor and Franchisees Sued Simultaneously in Overtime Case
Janet L. Heins|Contracts and RFPs, News, Overtime Eligibility and Exemptions, Benefits, Compensation, Equal Pay, Pay
A case decided by the 7th U.S. Circuit Court of Appeals potentially has opened new paths of liability for...
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What to Do When Workers Hit the Top of Their Pay Range
Janet L. Heins|Compensation, News, Benefits, Compensation, Equal Pay, Pay
Address these situations with a mix of alternative reward solutions, proactive career discussions and, in some cases, evaluations of...
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Senate Confirms Preston Rutledge to Lead Employee Benefits Security Administration
Janet L. Heins|Benefits Compliance, Influencing Government Policy, News, Benefits, Compensation, Equal Pay, Pay
As 2017 ended, the U.S. Senate confirmed Preston Rutledge as the new assistant secretary of labor for the Employee...
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California Employers Face Patchwork of New Minimum Wages in 2018
Janet L. Heins|California, Critical Evaluation, Minimum Wage, News, Overtime Eligibility and Exemptions, Benefits, Compensation, Equal Pay, Pay
California’s minimum wage and overtime-exempt salary threshold will rise in 2018 at different levels depending on employer size. Complicating...
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After Harassment, Consider Counseling Services Without Deductibles
Janet L. Heins|Employee Assistance Programs (EAPs), Mental Health Benefits, News, Relationship Management, Benefits, Compensation, Equal Pay, Pay
A benefits attorney advises companies to adopt a Workplace Harassment Prevention and Protection Plan (WHiPP) that provides counseling and...
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Beware of Form W-2 Phishing Scheme, Authorities Warn
Janet L. Heins|Critical Evaluation, Data Security, News, Payroll, Security, Benefits, Compensation, Equal Pay, Pay
As tax season begins, the IRS is urging employers to educate their HR and payroll staff about a Form...
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Contact the Attorneys of H.E.L.P. – Heins Employment Law Practice Employee Rights Law Practice LLC for a Free Initial Phone Consultation. We serve EMPLOYEES AND PLAINTIFFS ONLY in Milwaukee, Whitefish Bay, Fox Point, Shorewood, River Hills, Hartford, Elm Grove, Pewaukee, Lake Geneva, Merton, West Bend, Brookfield, Waukesha, Menomonee Falls, Germantown, Fond Du Lac, Appleton, Manitowoc, Cedarburg, Port Washington, Grafton, Sheboygan, Green Bay and Madison Wisconsin on employee discrimination, retaliation, harassment, FMLA (Family Leave Medical Act), and employee rights.
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Wisconsin Employment Attorneys Serving the Greater Milwaukee Area and Wisconsin For free consultation* or to set up an appointment with our team of dedicated employment law attorneys:
Contact our law firm online, Call our office at 262-241-8444 or Toll free at 866-241-8444
H.E.L.P. – Heins Employment Law Practice Employee Rights Attorneys
200 South Executive Drive, Suite 101
Brookfield, WI 53005
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