Remove 2024 Remove Commissions Remove Life Insurance
article thumbnail

Building Trust Through Transparency: The Total Compensation Statement Sample Explained

COMPackage

Incentive Compensation: Any bonuses, commissions, or other performance-based pay. Benefits: A list of all benefits provided by the employer, such as health insurance, retirement plans, paid time off, and life insurance. It typically includes: Base Salary or Wages: The employee’s hourly or annual pay rate.

401(k) 40
article thumbnail

What is a statutory employee? Understanding the impact of worker classification

Higginbotham

For example, on March 11, 2024, the Department of Labor (DOL) adopted a new rule governing worker classifications. The second are drivers who pick up and deliver laundry or dry cleaning if the driver is the employer’s agent or is paid on commission. Some life insurance sales agents. Certain home-based arrangements.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Designing an Effective Total Compensation Report: Sample Templates and Tips

COMPackage

Key Components of a Total Compensation Report A Total Compensation Report (TCR) should provide a clear and concise overview of an employee’s compensation package, including: Direct Pay: This includes the employee’s base salary or wages, as well as any bonuses, commissions, or overtime pay.

401(k) 40
article thumbnail

Issue Commentary: NY Decision Shows That Not All “Misrepresentations” Are Sufficient to Warrant Disqualification from Future Benefits

The Workcomp Writer

Following her injury, the claimant opened a scrapbooking shop with proceeds from her husband’s life insurance. Evidence that the injured worker was observed in her shop five times over a three-month period, both on the telephone and behind the cash register was insufficient to show fraud, Commission held. Workers’ Comp.

article thumbnail

AFCPE 2024: Ten Take-Aways and a Barbservation

Money Talk

I recently returned home from the 2024 Symposium of my professional “home,” the Association for Financial Counseling and Planning Education® or AFCPE®. gig workers in 2024 or 38% of the total workforce. Securities and Exchange Commission (SEC), Consumer Financial Protection Bureau (CFPB), U.S. There are about 63 million U.S.

Education 112