ERISA Compliance
ERISA lawsuit: Feds sue HR director, now-defunct company over missing 401(k) funds
As an HR pro, you’ve probably heard about the significant responsibilities that come with acting as fiduciary for a benefits plan. According to the DOL, fiduciaries must: And when fiduciaries fail to uphold these obligations, they can be held personally liable, as this recent case from Baltimore shows. ERISA suit: Money wasn’t remitted…
ERISA plan docs: Are you doing what the law requires?
Among the more head-spinning laws HR has to grapple with, the Employment Retirement Income Security Act (ERISA) ranks near the top of the list. This law, which sets federal rules for health and retirement plans, lays out specific requirements about what documents covered employers must provide to their employees regarding their health plans. The precise…
Missing 401(k) contributions: Company held in contempt, faces daily fine by court order
Word to the wise: Never try to duck out of obligations outlined in a consent decree. You won’t be able to hide for long. That’s a lesson recently learned the hard way by a Baltimore company and its owner, Bryan Hill. Here’s how the whole mess got started – and the latest development in the…
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