2015’s 401(k) Contribution Limit Increases to $18,000
The Internal Revenue Service announced today that contribution limits for 401(k) plans and individual retirement accounts will increase due to cost-of-living adjustments. The maximum amount of contributions an employee can make to their 401(k) plan is determined each...
FLSA Cases Hit Record High in 2014
Lawsuits filed under the Fair Labor Standards Act (FLSA) hit another record high in 2014, according to information from Seyfarth Shaw law firm. The number of federal wage-and-hour lawsuits for the period of April 1, 2013, to March 31, 2014 (the Federal Judicial...New California Paid Sick Leave Statue to Go Into Effect in 2015
California employers will have to provide paid sick leave to employees under a new statute signed by Gov. Jerry Brown. The bill, California Assembly Bill (AB) 1522 “Healthy Workplaces, Healthy Families Act of 2014” will go into effect July 1, 2015. California is the...