How High Will Your State’s Minimum Wage Be on January 1, 2017?

Comments Off on How High Will Your State’s Minimum Wage Be on January 1, 2017?

By the start of next year, 29 states and Washington, D.C., will have minimum wages higher than the federal level. Wage inequality remains one of the hottest issues of the 2016 presidential campaign. Hillary Clinton, the presumptive Democratic Party nominee, supports a federal minimum wage of $12 an hour; she has also shown support for …

Read more

Litigation Involving 401(k) Plans

Comments Off on Litigation Involving 401(k) Plans

Lawsuits against 401(k) plans have been increasing since last year.  Typically lawsuits have been aimed at large plans, but now a much smaller 401(k) plan is being scrutinized.  A recent lawsuit against Damberg et al. v. LaMettry’s Collison Inc. et al. is focused on excessive fees being charged to participants.  This lawsuit may set a …

Read more

Succession Planning Simplified

Comments Off on Succession Planning Simplified

Simple, turn-key succession plan that gets you value and stops the procrastination If you qualify, Beacon Hill will provide a succession plan that will satisfy regulators, protect your clients, and will provide you or your heirs with a fair value for your life’s work. Simple- We take care of all the documentation. This will be …

Read more

June 2016 Monthly Recap

Comments Off on June 2016 Monthly Recap

Columbus Arts Festival The 2016 Columbus Arts Festival will be held along Columbus’ beautiful downtown Riverfront on June 10, 11 & 12. The Riverfront will again be transformed into a stunning outdoor art gallery as the nation’s top artists display their work and attract art enthusiasts from all over the country. In addition to hosting more …

Read more

How Will New Overtime Rules Affect You?

Comments Off on How Will New Overtime Rules Affect You?

Thanks to the Fair Labor Standards Act of 1938 (FLSA), salaried workers are guaranteed overtime pay at time and a half for any hours they work beyond the standard 40-hour workweek, with exceptions to the rule based on both the duties involved and salary level. Exemptions exist for executives, professionals, administrative employees, outside consultants, and a few …

Read more