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Grieb explains that the new rule expressly allows fiduciaries to consider what steps might increase the participation rate for their specific employees, adding that if certain investments could increase total plan assets through stronger participation or higher deferral rates, the DOL thinks that can be a relevant factor.

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Job Levels: The Good News Multiple job levels — offering increasing levels of target total compensation (TTC) for the same job — provide many benefits.

Companies must complete a table with information on total shareholder return, indexed total shareholder return for the company’s benchmarking peer group, the company’s net income and a company-chosen financial performance measure.

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As a result, some elements are underestimated or ignored, such as pensions, benefits and share awards, which are a much higher proportion of senior employees’ total rewards.

Nancy Romanyshyn, senior director of total rewards strategy and solutions at Syndio, said clear communication around pay practices is expected and still a work in progress for organizations.

WorldatWork’s “ Total Rewards Inventory Programs and Practices ” survey found 56% of employers offered paid sick leave in 2021, while 42% offered paid medical or caregiver leave and 66% offered paid parental leave.

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