Archives for March 2013

Employers create Employee Policy Manuals for numerous reasons. One reason could be to manage the risk of liability for the employer. Since many employers provide their employees with cell phones, and those companies that don’t provide cell phones very likely have employees who use their cell phones, employers are becoming increasingly concerned about multi-tasking employees that may be putting their company at risk. [Read more…] about WHY DID MY EMPLOYER CHANGE ITS EMPLOYEE POLICY MANUAL FOR CELL PHONES?

The Social Security Administration (SSA) has added a new feature to its website. It is called “my Social Security” and can be found at http://www.ssa.gov/ by using the “my Social Security” menu option at the top of the page. Since this is a new feature, the SSA is requiring all previous users to set up a new account as the old password will no longer work.

This online account can be used 24/7 by current benefit recipients to [Read more…] about SOCIAL SECURITY STATEMENTS GO ONLINE

In our Feb. 5, 2013 blog, we discussed the importance of periodically reviewing the performance of your 401(k) retirement funds with your investment advisor and CPA. A good example of the importance of doing so can be found in the suit filed by a group of workers at Ameriprise Financial Inc. (“Ameriprise”) requesting class action certification against their employer. Named in the suit, in addition to Ameriprise, were the firm’s employee benefit administrator and the 401(k) investment committee. The worker’s allege that Ameriprise and its committees, as the plan’s overseers, violated their fiduciary duty to the retirement plan. The workers allege that the fees that the investment advisors charged [Read more…] about EMPLOYEE & EMPLOYER PERSPECTIVES – 401(k) FEES & FIDUCIARY DUTY