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Claim Your Free Copy of Top 100 FLSA Overtime Q&As

We’ve compiled a list of the 100 most commonly asked questions we have received on the federal Fair Labor Standards Act (FLSA) overtime regulations.
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This report, "Top 100 FLSA Q&As", is designed to provide you with an examination of the federal FLSA overtime regulations in Q&A format, including valuable tips for bringing your workplace into compliance in an affordable manner.

At the end of the report, you will find a list of state resources on wage and hour issues. This report includes practical advice on topics such as:
  • FLSA Coverage: How FLSA regulations apply to all employers and any specific exemptions from the overtime requirements
  • Salary Level: Qualifying for exemptions and nonexempt employees
  • Deductions from Pay: Deducting for violations, disciplinary reasons, sick leave, or personal leave


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July 02, 2012
DOL's 401(k) Fee Disclosure Rules Take Effect Today

The U.S. Department of Labor's 401(k) fee disclosure rules took effect on July 1, 2012. Are you aware of your responsibilities as a plan sponsor under the new rules? We have resources to help.

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There are three parts to the new fee disclosure rules, all designed to clarify fees and compensation associated with servicing covered retirement plans.

Part one requires notifying the Department of Labor.

Part two requires service providers to notify plan fiduciaries.

Part three requires plan sponsors to notify participants.

Fee disclosure took effect July 1, 2012. Plans then have 60 days from the later of that date or the first day of their plan year following November 1, 2011 to make the disclosures to participants and beneficiaries. For January 1, April 1, and July 1 plans, then, disclosures are due from the plan sponsor by August 31, 2012. Plans that operate on an October 1 to September 30 plan year must provide disclosures by November 30, 2012. All plans must make the disclosures at least once every year after the initial disclosure.

BLR has created a series of videos that provide further details on the new 401(k) fee disclosure requirements. We have also put together a comprehensive resource for compliance.

Here are links to videos:

Meanwhile, BLR's 2012 New 401(k) Fee Disclosure Compliance provides you with explanations, checklists, samples, charts, fact sheets and the actual DOL regulation from Federal Register. It will guide you through the maze of establishing the framework for disclosure and help you develop the communications for compliance.

The report:

  • provides background information and your role.
  • describes what information will soon be available to you and how to disclose it to plan participants, including a FAQ section and key dates,and
  • gives you sample communication plan and sample forms and statements to distribute to participants.

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Top 100 FLSA Overtime Q&As
   
   
 
 
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