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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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May 16, 2006
Krispy Kreme Agrees to Settle Lawsuit over 401(k)

Krispy Kreme Doughnuts, Inc. has reached an agreement to settle a class-action lawsuit accusing the company, some members of its board of directors, officers, and employees of breaching their duties in managing and administering the company's 401(k) plan and stock ownership plan.

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If approved by the United States District Court for the Middle District of North Carolina, the settlement would include a one-time payment to be made by the company's insurer in the amount of $4,750,000. In agreeing to settle the suit, the company and individual defendants denied any wrongdoing.

If the settlement is finalized, it will affect members of a settlement class consisting of the plans' participants from January 1, 2003 through May 12, 2006.

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Top 100 FLSA Overtime Q&As
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