01/03/2014
Executives of Parrot Cellular, a Central Valley and Bay Area cellphone retailer, have agreed to pay just under $4.2 million to the company’s employee stock ownership plan (ESOP) following a probe by the U.S. Department of Labor’s Employee Benefits Security Administration (EBSA). Investigators found that company owners had the plan buy company stock at highly overvalued rates.
01/03/2014
For most employers, the substantive provisions of the ACA have been implemented. But employers subject to the ACA’s employer mandate, which takes effect Jan. 1, 2015, have some complicated issues to sort out: How yet-to-be-settled nondiscrimination rules and the looming “Cadillac tax” will affect their benefits plans.