Is Your Retirement Plan Ready for a DOL Investigation?
A U.S. Department of Labor (DOL) investigation of an employer-sponsored retirement plan may originate in a variety of ways.
Tag: retirement
How to Keep Older Workers Engaged on the Job
There are a lot of factors at play keeping employees in the workforce longer than before. For example, for many years, pensions have been on the decline (only a small minority of employers offer them now—meaning employees have more responsibility to save for their own retirement and may need to stay working longer in order […]
New DOL Fiduciary Rule Takes Effect June 9; Acosta Says SEC Should Be Involved
The fiduciary duty rule crafted by the Obama administration’s Department of Labor (DOL) will become applicable June 9, as the regulatory agency continues to review it for possible changes or reversal.
Is Disability Retirement ‘Honorable’ if Retiring Police Officer is Facing Termination?
A California police officer was being evaluated for not properly investigating a sexual abuse incident. The police department decided to proceed with discipline by recommending that the officer be terminated from the department. After the internal investigation was completed and the notice of intent to impose discipline was sent, the officer’s lawyer tried to extend […]
Millennials Support Automatic Retirement Plans, Seek Sponsor Help
The youngest employees and defined contribution (DC) plan participants often want more automated features to their plans, and most assign their plan sponsors some responsibility for helping them choose the right investments to fund their retirement while it’s still decades away.
With Age Comes Expertise: How to Keep Older Employees on the Job
In the 2015 film, The Intern, Robert De Niro plays an 80-year-old widower who discovers that he’s bored with retirement and becomes a senior intern at an online fashion site. In true Hollywood fashion, he becomes the hero of the day and rescues the company’s thirtysomething founder, both in terms of her professional and personal […]
Reenrollment into Plan Defaults Can Improve Portfolio Diversification, Study Finds
Most defined contribution retirement plan participants who are reenrolled in a plan’s default fund remain in that investment a year later, with only a few partially opting out, a recent Vanguard case study of reenrollment found.
Is 70 Becoming the New Retirement Age?
Is 70 becoming the new retirement age? According to a recent CareerBuilder survey, 30% of U.S. workers ages 60 and older plan to retire at age 70 or older. Another 20% don’t believe they will ever be able to retire.
Why Do Employees Want Flexible Work?
Many employers have taken notice that employees today are requesting flexible work options more often. Whether that’s telecommuting, a flexible work schedule, a shortened work week, or some other flexible arrangement, these types of benefits are becoming more and more common.
Job Description Can’t Do the Heavy Lifting in Determining Employee’s Essential Functions
The 6th Circuit recently overturned a lower court’s dismissal of an employee’s disability and age discrimination claims and sent the case back for trial. The employee, who is unable to lift more than 35 pounds because he has scoliosis, was discharged after nearly 40 years on the job when his supervisor discovered that his condition […]