by PC Editorial Staff | Jan 17, 2023 | DOL, FLSA, Independent contractors, Misclassification, WHD
Recently, the U.S. Department of Labor (DOL) announced that it secured $5.6 million in back wages and liquidated damages for 1,398 misclassified employees of an Arizona-based logistics company. Briefly, the company illegally misclassified them as exempt independent...
by PC Editorial Staff | Jan 10, 2023 | DOL, Overtime Rules, Wage & Hour, wage theft, WHD
This month, the U.S. Department of Labor’s (DOL’s) Wage and Hour Division (WHD) recovered more than $1.6 million in unpaid overtime pay from a Los Angeles, California restaurant owner. The owner operates seven restaurants within Los Angeles. Overall, the charges of...
by PC Editorial Staff | Dec 20, 2022 | DOL, IRS, Misclassification, Wage & Hour, WHD
Recently, the U.S. Department of Labor (DOL) and the Internal Revenue Service (IRS) renewed a memorandum of understanding (MOU) combining agency resources and efforts to prevent employee misclassification. In brief, the bi-agency effort adds a streamlined process for...
by PC Editorial Staff | Dec 20, 2022 | DOL, EBSA, Employee benefit plans, ERISA
In December 2022, the U.S. Department of Labor (DOL) announced that Employee Benefits Security Administration (EBSA) investigators, in the enforcement of the Employee Retirement Income Security Act of 1974 (ERISA), recovered more than $1.4 billion for ERISA complaints...
by PC Editorial Staff | Dec 13, 2022 | DOL, EBSA, Employee benefit plans, IRS, Retirement Plans
On December 8th, 2022, the U.S. Department of Labor’s (DOL’s) Employee Benefits Security Administration (EBSA) released informational copies of the 2022 Form 5500 Series Annual Return/Report. The release includes informational copies of Form 5500-SF short-form...
by PC Editorial Staff | Dec 13, 2022 | DOL, EBSA, Employee benefit plans, ERISA, Fiduciary Rule, Retirement Plans
Recently, the U.S. Department of Labor (DOL) proposed a self-correction option under its Voluntary Fiduciary Correction Program. Specifically, proposed updates would allow fiduciaries to self-correct specific transactions like late deposits to a 401(k) plan. The...