According to this article from Pensions & Investments, half of employers could not accurate indentify the fees charged to participants in their 401(k) plans. As we’ve discussed in earlier posts, such as this one about 401(k) plans for small businesses, ERISA’s fiduciary provisions are expansive. It is hard to imagine…
The Chicago Tribune reports that a bill to protect current and prospective employees from requirements to provide their social media passwords to their employers has gone to Governor Quinn. If this bill is signed into law, Illinois will join Maryland as the only two states with these sorts of protections…
Employers regularly use criminal background checks and credit checks to narrow their list of applicants. High unemployment has vastly expanded the applicant pool and employers now have the luxury of selecting only the most qualified candidates. The Equal Employment Opportunity Commission (“EEOC”) had been largely quiet on the legality of…
The Family and Medical Leave Act of 1993 (FMLA) is a federal law requiring employers to grant paid leave in certain situations for employees. It was written in order to help American employees take care of their families, loved ones, and themselves in the case of medical necessity. Not…
Should Your Small Business Have a 401(k)? Small business owners often feel that offering a retirement savings plan legitimizes their business and makes them more competitive in the hiring market. Whether or not these perceptions are true, very few small businesses understand the legal implications of offering a 401(k). Before…