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Claim Your Free Copy of Overtime Primer: Highlights from the New Regulations

The federal DOL overtime regulations go into effect this year. Are you ready?

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This report includes a summary of key changes, including the salary level test and salary basis test.

As a bonus, we've included a handy flowchart to help you determine exemption status under the FLSA.

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November 01, 2007
Even Split on Willingness to Provide 401(k) Advice
About the same percentage of HR professionals report that their company currently does--or might be willing--to provide 401(k) investment advice to its employees as those who report that they don't provide such advice and have no plans to do so.

When asked "Do you provide 401(k) investment advice to your employees?," 48 percent responded "No, and we have no plans to," while 45 percent responded "Yes," and 7 percent responded "No, but we are considering it" in a recent poll.

Speaking at the recent 20th Annual Benefits Management Forum & Expo, William Arnone and Lynn Finkelstein, both Employee Financial Services Practice Leaders with Ernst & Young, explained that the Pension Protection Act of 2006 enables plan sponsors to offer investment advice to employees without exposing themselves to liability for the outcome of that advice (so long as they follow rules and regulations regarding the selection of a provider/advisor).

The speakers told their audience that they should be thinking about whether offering 401(k) advice is the right decision for their organizations. Factors to consider include company culture, workforce composition, and current 401(k) participant patterns.

For further information on these factors, you can access our coverage of the conference session here. [Trial or subscription to required.]

The poll included 258 respondents.

For a Limited Time receive a FREE Compensation Market Analysis Report! Find out how much you should be paying to attract and retain the best applicants and employees, with customized information for your industry, location, and job. Get Your Report Now!
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Top 100 FLSA Overtime Q&As
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