Remote Workforce and Wage and Hour Issues: How to Address Potential Class Action Risks

2021-09-15T23:54:46-04:00

The work-from-home setup has rapidly become a trend after businesses started shutting down due to the pandemic. Although this setup can be helpful, it presents unique challenges which employers need to face, particularly in the field of wage and hour law. Typical issues several businesses are struggling with, include claims of unpaid wages, timekeeping inaccuracies, and employee misclassification.

401(k) Fee Disclosure Rules: Demystifying Trends, Developments, and Best Practices

2021-04-12T04:53:20-04:00

The Department of Labor Regulations on disclosure of 401(k) plan fees and expenses are designed to provide transparency to participants in a user-friendly format, allowing for an apples-to-apples comparison of fees and expenses under a plan’s investment options that impact participant account balances, and a look under the hood on plan administration costs charged to participant accounts.  But greater disclosure can lead to greater scrutiny, and an essential duty for plan sponsors is monitoring fees and expenses that could reduce participant account balances, and timely addressing excesses.

ESOP Formation Post-COVID-19: Current Approaches to Business Succession Planning

2021-03-22T23:57:46-04:00

With today’s major economic recession faced by businesses due to the ongoing COVID-19 crisis, the Employee Stock Ownership Plans (ESOPs) continues to be an attractive option for companies seeking to address the need for succession planning to sustain competitive advantage in the market and looking to provide their employees with an ownership interest through a retirement plan.

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