hold a salary a position with duties the U.S. Labor Department designates as appropriate for exempt positions Wage and Hour Standard Required benefits using ERISA Medical Vacation benefits Retirement plans Managing fiduciary duties Plan administrators are required to do most of the work in complying with the ERISA. Options third for plan administrator are; party insurance an company agent self-administration Fiduciary Risk Assessment There are five strategic
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Mid-term exam‚ chapters 1-4 Please record your answer in the space to the right of the question (under “Answers”) or in the appropriate blanks provided (in the problems). Once you complete the answers‚ please submit the exam as an attachment. 150 points Please note that discussing the exam on the BB‚ by email‚ phone or other means are not allowed. Exam has to be done on your own. To attest that this exam was done on your own‚ without assistance from other persons‚ please print (equivalent
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1) Which of the following is a distinguishing feature of a common law legal system? D. The making of law by the judges and the following of precedent 2) Which best describes the types of agency authority held by officers of a corporation? D. Express‚ implied‚ and apparent authority 3) If an LLC fails to follow formalities such as keeping minutes of meetings‚ which of the following is true? C. This failure will not result in imposing personal liability on any member
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Equal Employment Opportunity and Employee Rights Review Paper Klista Odgers HRM/300 University of Phoenix Online
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Topic: Explain the major components of the legal system. Question: Which of the following is a distinguishing feature of a common law legal system? Answer Rationale: Although in the U.S. legal system guilt must be proven beyond a reasonable doubt in criminal matters and there is an appeal process‚ neither of these qualities is integral to a common law legal system. The opposite of a common law legal system is a legal system where the sole source of law is a comprehensive civil code
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http://www.nceo.org/articles/esop-employee-stock-ownership-plan J. Martocchio‚ Strategic Compensation: A Human Resource Management Approach‚ retrieve on August 25‚2013 Congressional Research Service Summary of the Employee Retirement Income Security Act (ERISA)‚ www.agingsenate.gov IRC 401(k) Plans - Establishing a 401(k) Plan‚ www.IRS.gov
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Disadvantages of Obama ’s heath-care reforms Introduction President Obama’s healthcare reform policy is aimed at enabling the Americans gain better control of their healthcare. Through this healthcare overhaul‚ the president aims at making healthcare insurance affordable through providing a tax cut to insurance premium for American families as well as small business owners. According to the president‚ this healthcare overhaul will make over 31 million citizens who earlier on did not access
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1. Which Act sets the minimum wage ‚ and what is the current wage rate? The Fair Labor Standards Act sets the minimum wage.The current minimum wage is $7.25/h. 2. Under the FLSA‚ what information concerning the employee’s wages earned must be maintained by the employer? 1. Day and time of day when work-week begins. 2. Regular hourly rate of pay. 3. Basis of wage payments 4. Hours worked each day 5. Hours worked each week. 6. Daily or weekly straight -time pay. 7. Amount & nature
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It is necessary that managers and supervisors have a thorough understanding of the legal obligations relative to our benefits and rewards programs here at Forward Style‚ Inc‚ Authors Noe‚ Hollenbeck‚ Gerhart & Wright have noted that the heavy involvement of government in benefits decisions reflects the central role benefits play in maintaining economic security (Noe‚ Hollenbeck‚ Gerhart & Wright‚ 2008‚ p. 561). For this purpose I am offering an evaluation of our current programs as well as the legal
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September 24‚ 2014 Retirement Planning Notes Chapter 4: Qualified Pension Plans Terms to understand: Plan sponsor- the company who decides what type of plan they want to have and the rules they want to have Plan document- outlines the rules of the plan‚ if a rule isn’t in the plan document‚ they cannot do it! Custodian- where the assets are actually held in the plan Benefit of the plan- the goal of the plan Actuary- someone who’s profession it is to work with these plans and determine
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