Posts tagged 401(k)
Plan Sponsors Get Go-Ahead on Alternatives as DOL Shifts Stance
August 22, 2025 // For plan sponsors, this regulatory shift provides much-needed clarity and removes a significant deterrent that had been hanging over alternative investment discussions. The DOL has essentially returned to a neutral, principles-based approach that allows fiduciaries to evaluate all investment options based on their merits rather than facing special scrutiny for considering alternatives.
The Providence City Council has passed 14 pro-union resolutions. What’s behind the push?
June 20, 2025 // Last month, Miller and Councilors Justin Roias and Miguel Sanchez joined striking workers at the Butler Hospital picket line. The council is currently considering an amendment to the city’s noise ordinance that would exempt striking workers, following a series of $500 fines issued against those at Butler Hospital for violating the ordinance. Miller has a background in labor organizing, but she said that everybody on the council is passionate about supporting working-class people in Providence and that’s why they prioritize causes such as addressing the city's housing and affordability crisis.
AP Exclusive: US meatpacking workers win back pensions in new union contract with JBS
May 27, 2025 // The United Food and Commercial Workers union said Thursday that 26,000 meatpacking workers at 14 JBS facilities would be eligible for the pension plan. The new contract, which was ratified by workers this week, also adds paid sick leave, wage increases and new plant safety measures.
Amazon labor organizers challenge union election loss, alleging employer coercion
May 14, 2025 // The union campaign at Garner’s RDU1 warehouse lost by a wide margin earlier this year. Organizers say they faced retaliation and a massive “union-busting” effort.
NYC beer deliveries affected as workers for distributors go on strike
April 17, 2025 // Hundreds of unionized workers are on strike over what they describe as unfair labor practices at their local beer distribution center. The strike is impacting customers who enjoy popular brands such as Corona, Coors or Modelo.
Michigan Republican presses Chavez-DeRemer to rescind Biden-era labor regulations
March 20, 2025 // “I encourage DOL to enforce its laws while providing robust compliance assistance to workers and businesses instead of continuing the enforcement-only approach taken by the Biden-Harris administration,” Walberg said Wednesday to Chavez-DeRemer in a letter shared with The Hill.
Brown medical residents unionize, prepare for negotiations
January 30, 2025 // In interviews with The Herald, residents said their top priorities are winning compensation increases and matching contributions to 401(k) retirement plans. Felicia Sun, a fifth-year neurosurgery resident at Rhode Island Hospital, noted that residents don’t have access to benefits like loan forgiveness and education stipends like other physician employees.
Amazon’s Fight With Unions Heads to Its Grocery Aisles
January 27, 2025 // Rob Jennings, an employee in the prepared foods section of the Philadelphia store, has worked there for nearly two decades. He said he noticed a series of changes after Amazon bought the chain in 2017: a program that offered employees a portion of the store’s budget surplus was scrapped, part-time workers lost health insurance, staffing levels started to decline. Even though Whole Foods had never been a worker paradise, Mr. Jennings said, “I have a fantasy about bringing back all the things they took away.”
How lavish benefits pushed by NY teachers’ unions ramped up school spending — to highest in nation at $36K per kid: reports
January 21, 2025 // Empire State teachers were the second-highest compensated in the US during 2024, raking in an average of $92,696, according to a National Education Association study. And their generous pay has only increased from the 2020-2021 school year, when New York teachers’ $87,738 was the highest average pay in the nation, the Empire Center for Public Policy found. Employee benefits at that time were between 200% and 250% higher than the national average, according to the report from the Albany-based government watchdog group.
Boeing strike ends as workers accept new contract
November 5, 2024 // Boeing has said the average annual machinists' pay at the end of the new four-year contract will be $119,309, up from $75,608 previously. The pay increase may add $1.1 billion to Boeing's wage bill over the four years, while a $12,000 ratification bonus for each union member could result in another $396 million in outflows, according to analysts at Jefferies. More than 26,000 union members voted, putting turnout near 80%.