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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 by the banking company of fourth-quarter 2012 activity at the defined contribution plans it administers […]
Being deaf in one ear is not a disability, the U.S. District Court for the Eastern District Court of Pennsylvania ruled in Mengel v. Reading Eagle Co. (No. 11–6151, 2013 WL 1285477 (E.D. Pa. March 29, 2014)). While findings of “no disability” were common before the Americans with Disabilities Act was amended, they have been […]
Maryland is expected to soon become the 19th state to legalize medical marijuana. Maryland Gov. Martin O’Malley (D) told the Associated Press that he “probably” would sign the measure passed by the Maryland Legislature earlier this month. The bill would allow academic medical research centers to prescribe marijuana to critically sick patients under limited circumstances. […]
Most of the money contributed to traditional individual retirement accounts comes from rollovers, but the choices involved in moving 401(k) savings to an IRA or from one employer-sponsored plan to another should be made easier and more efficient. That’s the finding of the U.S. Government Accountability Office in its latest report, “401(K) Plans: Labor and […]
Often, employees who believe they were fired because of their disability will show that they were replaced by an individual without a disability as evidence of discrimination. In one recent case, however, a district court has allowed a case in which a deaf teaching assistant — who was replaced by another deaf individual — to […]
Employers could use auto-escalation as a way to encourage 401(k) participants to increase their contributions and reduce the number of employees missing out on matching contributions from the plan sponsor. That’s the finding by WorldatWork and the American Benefits Institute, which said that nearly a third of U.S. retirement plan sponsors they surveyed think more […]
Trustees of health savings accounts, as well as participants, have some time left for reporting on 2012 accounts. And now they can begin preparing for 2013 reporting. The IRS has issued a reminder concerning the Form 5498-SA, “HSA, Archer MSA, or Medicare Advantage MSA Information,” for 2012 and 2013. The IRS on March 5 reminded […]
Firing an employee is a serious step. You may want to conduct an investigation to be sure of your position. In the second video of the Firing 101 series, Steve Bruce shares the key questions to ask. Look out for the next videos in our series: “Audit for fairness,” and “Let a group decide.” SB: […]
Employers covered under the Family and Medical Leave Act must have the U.S. Department of Labor’s poster hanging by COB March 8. In February, the U.S. Department of Labor issued new regulations that implement and clarifiy amendments to expand military leave entitlements under the Family and Medical Leave Act. In addition, the final rule: (1) […]
From a legal standpoint, terminations are the most dangerous actions managers take. In this video, HR Daily Advisor Editor Stephen Bruce talks about what you need to know to reduce your risk of lawsuits. This is Steve Bruce for the HR Daily Advisor. This is the first video in our Firing 101 series—Stop, Listen and […]