Benefits

Benefits | July 9th, 2010

MA Business Owner Misused Retirement Plan Money

July 9, 2010 (PLANSPONSOR.com) - A business owner in Holyoke, Massachusetts, has pleaded guilty to embezzling $45,000 from his employees' retirement plan.

Benefits | July 8th, 2010

Some Workers Using Recession to Get Healthy

July 8, 2010 (PLANSPONSOR.com) – It can sometimes be hard to find a silver lining in tough economic times, but a new CareerBuilder survey suggests at least...

Benefits | July 8th, 2010

Exterminator Forced Pregnant Employee to Take Leave, then Fired Her

July 8, 2010 (PLANSPONSOR.com) - Major exterminator Terminix International will pay $80,000 to settle a pregnancy discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC), the...

Benefits | July 8th, 2010

TX Power Company Adds ESOP

July 8, 2010 (PLANSPONSOR.com) – A Houston, Texas-based retail electricity provider has announced the creation of an employee stock ownership plan (ESOP).

Benefits | July 8th, 2010

Research Shows Retirement Income Adequacy Lacking at Large Firms

July 8, 2010 (PLANSPONSOR.com) – A study of 84 large employers from Hewitt Associates finds that employees who contribute to their savings plans over a full career are...

Benefits | July 8th, 2010

Mercer Data Indicates Auto Plan Features Lead to Higher Balances

July 8, 2010 (PLANSPONSOR.com) - An analysis of Mercer’s database of 1.2 million defined contribution plan participants suggests that participants who utilized automatic rebalancing and automatic deferral increase...

Benefits | July 8th, 2010

Employers Know Workplace Stress Can Hurt Them

July 8, 2010 (PLANSPONSOR.com) – Employers in a recent poll said they were well aware of how much workplace stress can hurt their organizations and are moving...

Benefits | July 7th, 2010

Workers Still Prefer Mail and E-mail for Benefits Info

July 5, 2010 (PLANSPONSOR.com) - While many U.S. employees use social media for personal reasons, the majority have not yet jumped onto the social media bandwagon for business...

Benefits | July 7th, 2010

Forty Percent of Execs See Future Hiring Hikes

July 7, 2010 (PLANSPONSOR.com) – Forty percent of executives surveyed anticipate an increase in hiring over the next 12 months, while 22% predict a hiring cutback, according...

Benefits | July 7th, 2010

Employees Ready for Vacation

July 7, 2010 (PLANSPONSOR.com) - Employees are ready for a post-recession break from the office and are planning to take advantage of the summer vacation season, according to...

Benefits | July 7th, 2010

Outsourcing Firm Accused of Diverting Money from ERISA Plans

July 7, 2010 (PLANSPONSOR.com) – Federal officials are investigating Franklin, Tennessee-based Sommet Group for allegations of stealing and embezzling money intended for employee benefit plans.

Benefits | July 6th, 2010

Emerson Poynter LLP Probes BP Plan Practices

July 6, 2010 (PLANSPONSOR.com) – Yet another law firm is poking around to see if there might be a fiduciary breach at the BP 401(k)...

Benefits | July 2nd, 2010

Woman Walks off with $113K Jury Award against Lucas

July 2, 2010 (PLANSPONSOR.com) – A San Francisco woman who says Lucasfilm Ltd. canceled a job offer after learning she was expecting a child has won a $113,830...

Benefits | July 2nd, 2010

American Economy Loses Jobs in June

July 2, 2010 (PLANSPONSOR.com) – For the first time this year, the American economy lost jobs last month.

Benefits | July 2nd, 2010

Google to Cover Some Employees’ Tax on Domestic Partner Benefits

July 2, 2010 (PLANSPONSOR.com) – Already known for its generous fringe benefits, Google has added yet another perk for its employees whose same-sex domestic partner is covered by...

Benefits | July 2nd, 2010

Money Can’t Buy Happiness

July 2, 2010 (PLANSPONSOR.com) – Recent research reveals that while life satisfaction usually rises with income, day-to-day happiness comes from other things.

Benefits | July 1st, 2010

Report Shows Banks Lag in Snaring Retirement Assets

July 1, 2010 (PLANSPONSOR.com) – Informa Research Services has released a report, the 2010 U.S. Consumer Wealth Study, examining U.S. household asset allocation and preferences.

Benefits | July 1st, 2010

Employers in India Face Higher Gratuity Benefit Costs

July 1, 2010 (PLANSPONSOR.com) - The government in India has increased the ceiling on the gratuity benefit from INR350,000 to INR1,000,000, effective May 24, 2010.

Benefits | July 1st, 2010

Salaries for In-House Counsel Remained Flat in 2009

July 1, 2010 (PLANSPONSOR.com) - Salaries for in-house lawyers in the U.S. remained flat in 2009, according to a new survey by the international legal recruiting firm Laurence...

Benefits | June 30th, 2010

WellPoint Customer May Have Used Data Breaches to Support Lawsuit

June 30, 2010 (PLANSPONSOR.com) - WellPoint Inc. has notified 470,000 individual insurance customers that medical records, credit card numbers, and other sensitive information may have been exposed in...