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Results: 1-10 of 165

Employment - Overtime Rule to Be Finalized in July 2016
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • December 9 2015

In August 2015, we reported that the U.S. Department of Labor ("DOL") issued a Proposed Rule that seeks to increase the salary level required before


401(k) Plan Excessive Fee Lawsuits - Reducing the Risk for Company Presidents, Chief Financial Officers, H.R. and Benefit Professionals
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • July 12 2016

For the last several years, Fortune 500 companies have been the target of ERISA lawsuits that allege that various plan fiduciaries (company


401(k) Plan: Correcting for Plan Loan Failures
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • March 4 2016

Many 401(k) plans permit employees to take plan loans. These loans, which are governed by the Internal Revenue Code ("IRC") must not exceed specific


EEOC sues construction company for religious discrimination
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • February 15 2010

On Thursday, February 11, 2010, the U.S. Equal Employment Opportunity Commission (“EEOC”) announced that it had filed a lawsuit against T.A. Loving Company (a North Carolina based construction company) for denying a religious accommodation to several employees and then later firing them because of their religion


Department of Labor Releases Final Rule Increasing Salary Level Required for White-Collar Exemptions under the Fair Labor Standards Act
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • June 6 2016

On May 18, 2016, after receiving over 250,000 comments, the U.S. Department of Labor ("DOL") released its Final Rule which updates and increases the


ERISA breach of fiduciary duty costs airline and banks more than $9,500,000
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • June 15 2009

Recently, the U.S. Department of Labor (“DOL”) announced that it had entered into settlement agreements with Aloha Airlines Inc., Bank of Hawaii and First Hawaiian Bank which require them to pay $9,545,454 to the airline’s three pension plans for losses that the plans suffered on investments in stock of the airline’s holding company


Breaking news - action required: final salary-level rule is released
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • May 18 2016

This morning, the U.S. Department of Labor ("DOL") released its Final Rule which updates and increases the minimum salary required in order for an


Employee handbooks must be updated to comply with Illinois andor California laws
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • February 3 2015

New Illinois and California laws require most companies to post new notices and draft new policies for their employee handbooks. The Illinois Human


401(k) plan corrections can your company benefit from the new IRS guidance?
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • February 4 2013

On December 31, 2012, the Internal Revenue Service ("IRS") issued Revenue Procedure 2013-12. This new Revenue Procedure modifies and supersedes


Free fiduciary responsibility webcasts - today & tomorrow
  • Masuda Funai Eifert & Mitchell Ltd
  • USA
  • March 23 2011

On Monday, March 21, 2011, the US Department of Labor's Employee Benefits Security Administration ("EBSA") announced that it will sponsor two "Getting It Right - Know Your Fiduciary Responsibilities" webcasts this week