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New York District Court Rejects ERISA Excessive Fee Claims as Insufficient

Proskauer's Employee Benefits & Executive Compensa

District Court for the Southern District of New York, alleging that it violated ERISA in its management of both a 401(k) plan and a profit-sharing plan. First , the court held that plaintiffs lacked standing with respect to the profit-sharing plan because they were not participants in that plan.

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10 Unique Extrinsic Rewards That Your Employees Will Love In 2023

Vantage Circle

An ominously titled HBR article called How You Promote People Can Make or Break Company Culture stated: Among the 100 Best Companies, 75% of employees believe promotions go to those who best deserve them. Profit-sharing Plans. Hence, enter the profit-sharing plan. Monetary Recognition.

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Designing Effective Variable Compensation Structures in Compensation Planning

HR Digest

Designing Variable Compensation Structures Variable compensation structures can take many forms, including bonuses, commissions, stock options, and profit-sharing plans. In this article, we will explore some of the complexities of variable compensation structures and provide some tips for navigating them successfully.

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The Payday Puzzle: Solving Employee Compensation and Benefits

HR Digest

In this article, we explore the importance of managing employee compensation and benefits and offer some tips on how organizations can promote pay equity effectively. Another way to manage compensation is to offer performance-based incentives such as monetary rewards, bonuses, commissions, and profit-sharing plans.

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Considerations When Planning to Join a Cluster

InterWest Insurance Services

In this article we look at other important parts of the cluster relationship that should be top of mind. Profit-sharing. One of the other areas that you’ll need to investigate is how profits are shared among cluster members.

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Everything You've Ever Wanted To Know About ESOP Plan

Vantage Circle

In this article, I will walk you through the basics of ESOPs and how they work. ESOP plan (employee stock ownership plan) is a form of employee compensation that provides employees with an equity stake in the company. It is also referred to as an employee stock option plan (ESOP) or an employee stock purchase plan (ESPP).

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The A to Z Explanation About Phantom Stocks

Vantage Circle

While phantom stocks may sound good right now, there are many things you should know before you give phantom shares to your employees, including how they work and the tax implications. In this article, I will help you understand what phantom shares are, why they're different from other types of equity, and how to set them up.