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Retirement Plans: Final DOL Regulation on Qualified Default Investment Alternatives Protects 401(k) Fiduciaries

By jessica Jan 1, 2008 Uncategorized

Updated: Jan 1, 2008

A new U.S. Department of Labor (DOL) regulation protects fiduciaries when selecting and investing employee assets in qualified default investment alternatives (QDIAs) for 401(k) plans. The rule, effective Dec. 24, 2007, expands the relief provided to plan fiduciaries under the federal Employee Retirement Income Security Act (ERISA) and should be particularly valuable to fiduciaries of […]

High Court To Review Administrative Exemption Case

By HR Daily Advisor Staff Jan 1, 2008 Uncategorized

Updated: Jan 1, 2008

In the October 2007 issue of CWHA, we reported on a California appeals court decision finding that claims adjusters for Liberty Mutual Insurance Co. didn’t qualify for the administrative exemption from overtime under California law.1 In particular, the court ruled, the adjusters duties mostly consisted of “production” work, as opposed to work at the policy […]