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New York District Court Rejects ERISA Excessive Fee Claims as Insufficient

Proskauer's Employee Benefits & Executive Compensa

Plaintiffs, former Deloitte LLP employees, sued the firm in the U.S. District Court for the Southern District of New York, alleging that it violated ERISA in its management of both a 401(k) plan and a profit-sharing plan. The court dismissed the complaint in full.

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All You Need to Know About Profit-Sharing

Vantage Circle

Are you looking for a different way to compensate your employees? If that's the case, a profit-sharing plan is just right for you! According to a Gallup poll, 40% of the employees want profit-sharing options as a part of their compensation plan. Types of Profit-Sharing Plan.

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The Payday Puzzle: Solving Employee Compensation and Benefits

HR Digest

Managing employee benefits and compensation is an essential function for any organization that wants to attract, retain, and motivate top talent. Employee compensation and benefits are critical components of an organization’s total rewards package, which is a key factor in employee satisfaction and engagement.

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What Is a Qualified Retirement Plan?

HR Lineup

Under this plan, the amount is discretionary and so, you as the employer decides the amount to contribute to the program each year. However, the tax deduction is limited to a maximum of 25% of the total salary of the employees in this qualified employee benefit plan. Hybrid plan. Target benefit plans.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

Many of these benefits will comprise something called "fringe benefits." " Long story short, fringe benefits are taxable employee benefits and must be included in the recipient's pay. Profit-sharing Plans. Hence, enter the profit-sharing plan.

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Designing Effective Variable Compensation Structures in Compensation Planning

HR Digest

Effective variable compensation structures can motivate employees and contribute to the company’s success. Designing Variable Compensation Structures Variable compensation structures can take many forms, including bonuses, commissions, stock options, and profit-sharing plans.

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401(k) plans: New interpretive bulletin on independent auditors

Business Management Daily

Technically, 401(k) plans are profit-sharing plans, not retirement plans. But they morphed into retirement plans long ago, so they’re pretty important to employees. of employees participate in defined-contributions plans such as 401(k) plans. Who has 401(k) accounts?

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