Labor & Employment Law Update

To say a lot has happened this year would be an understatement.  So as we near the end of 2020, now is a good time to reflect on the numerous laws passed and legal updates published over the past year that may impact your employer-sponsored retirement plan.  To help, we’ve […]

On September 22, 2020, President Trump issued the controversial Executive Order 13950 (the “Order”), intended “to promote economy and efficiency in Federal contracting, to promote unity in the Federal workforce, and to combat offensive and anti-American race and sex stereotyping and scapegoating….” The Order is more than just a mere […]

Amidst the hustle and bustle of Election Day, the Department of Labor’s Wage and Hour Division (the “WHD”) issued two opinion letters regarding the application of Fair Labor Standards Act (“FLSA”) compensation requirements. While most employers are aware that the FLSA requires them to compensate employees for their “work,” it […]

The Fair Labor Standards Act requires employers to pay most “employees,” as the statute defines that term, a minimum wage and overtime.  Not so for workers classified as independent contractors.  But the FLSA and its regulations do not define the term “independent contractors.”  As a result, it has been largely […]

In August, the Department of Labor issued an interim final rule (the “Rule”) implementing the requirement that defined contribution retirement plans provide participants with lifetime income disclosures each year.  The rule comes in response to the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”), passed […]