December 2024

 

News

Accelerated Timetable for Proposed Overtime Rule - Tools and Resources Available to Clients

Multiple sources have reported that the US Department of Labor recently sent the proposed overtime rule to the Office of Management and Budget (OMB) for its mandatory review.  

If OMB’s review is completed on an expedited basis, DOL could disseminate the proposed final rule to the public as early as mid-April, with an effective date potentially as early as the beginning of June.  It is also possible that Congress could attempt to delay the effective date.  While the actual release date and the corresponding effective date for the regulations are unknown, most experts agree that the effective date will likely be 60 days from the release date. 

An accelerated timetable may be motivated by political pressures related to the upcoming election and potential changes in the White House and Congress.  For more information on what we have done and what we plan to do to help clients prepare for the new regulations, continue reading.

ADP TotalSource Retirement Savings Plan: Maximum Deferral Rate Reduced to 99%

As part of the service offering of the ADP TotalSource Retirement Savings Plan (Plan), we make sure to listen to the feedback of both adopting employers and their employees. So when we heard that our option to contribute up to 100% of pay for participants was causing confusion and errors, we did something about it. 

ADP TotalSource Retirement Savings Plan Information for your Employees

 

If you’re offering the ADP TotalSource® Retirement Savings plan to your employees, we want your employees to take advantage of all that’s available to them. To help them better understand their benefits, we occasionally touch base via mail or the web.


Click here to learn about what’s coming in 2016.

What's New

Regional Alerts

The Bottom Line is an up-to-date guide through issues that most concern employers – as well as HR outsourcing solutions.


 

© Copyright 2016 ADP LLC. 10200 Sunset Drive | Miami, FL 33173

The ADP logo, ADP, ADP TotalSource and a more human resource. are registered trademarks of ADP, LLC. All other trademarks and service marks are the property of their respective owners.