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Financial Impact

Understanding Key Provisions in Federal Health Care Reform Legislation

March 22, 2010
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For the first time, employers will be subjected to taxes if they do not offer coverage to employees or if the coverage fails an affordability test.
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Small, Midsize Companies See Fastest Rise in Health Care Costs

March 22, 2010
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Employers’ per-person health care costs increased 6.1 percent in 2008 and 4.7 percent in 2007.
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Worker Testimony, Expert Opinion Justify FMLA Leave

March 19, 2010
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At issue in the case was whether a doctor’s note establishing incapacitation for two days plus an employee’s testimony that she remained ill two additional days satisfied FMLA leave requirements from her job as a medical receptionist.
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More People Roll Over Their 401(k) Assets

March 19, 2010
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Of the assets that were moved, 80 percent were rolled over into IRAs, 10 percent were taken in cash distributions, 8 percent were moved into new employer plans, and 2 percent were taken in other forms of distributions.
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Ex-Owners of Temp Firm Accused of Paying $24 Million Under the Table

March 18, 2010
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Michael Powers and John Mahan are each charged with one count of conspiracy to defraud the IRS and their workers’ comp carrier, one count of mail fraud and two counts of false tax returns.
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Administaff Agrees to Pay $115,000 in EEOC Lawsuit

March 18, 2010
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Two brothers at a Maryland office of Conn-X LLC, a former Administaff client, were harassed based on their practice of Judaism starting in September 2005 and continuing for several years, the commission says.
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House Committee to Consider Pension Funding Relief Bill

March 17, 2010
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The measure also is expected to include provisions to mandate better disclosure of 401(k) plan fees to plan participants.
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Organization Touts New Low-Cost Defined-Contribution Plan

March 15, 2010
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Creating a new voluntary DC plan was spurred by an Obama administration proposal to create a mandatory automatic individual retirement account program.
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Senate May Take Up Another Pay Bill Before End of Term

March 12, 2010
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Proponents say the bill would help women pull even with men in compensation levels, asserting that women make only 77 cents for every dollar that men earn. The issue takes on more urgency during a recession, they say, because women are the sole breadwinners in many households.
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Goldman Sachs Faces Union-Plan Lawsuit Over Executive Pay

March 11, 2010
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The suit, filed Monday, March 8, by the $562 million pension fund of an electrical workers local, seeks to stop Goldman Sachs from allocating 47 percent of its 2009 net revenue to compensation.
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