07/06/2015
Is that summer intern down the hall working for free? Watch out! Chances are, you should be paying her at least the minimum wage. To avoid having to pay interns, employers must meet all six of these criteria laid out in U.S. Department of Labor Fact Sheet #71.
07/04/2015
If you have an auto-enrollment 401(k) or 403(b) plan, or a plan with escalation features, then you probably have administrative problems. Run-of-the-mill 401(k) plans aren’t a piece of cake to administer, either. The IRS has created three new safe harbors under which you don’t need to make corrective contributions for missed or incorrectly calculated employee pretax deferrals if certain conditions are met. The safe harbors became effective April 2, 2015.