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Further, the final rule does not alter Interpretive Bulletin 75-8, D-2 ( 29 CFR 2509.75-8 ) (IB 75-8) under the Employee Retirement Income Security Act of 1974 (ERISA), which states that individuals “who perform purely administrative functions for an employee benefit plan” and “who have no power to make decisions as to plan policy, interpretations, practices or procedures, are not fiduciaries.”

Trump intends to nominate Mark Meador to fill the void and give Republicans a 3-2 majority on the five-member committee.

The concessions came as the company has been trying to placate antitrust regulators who are scrutinizing its roughly $70 billion proposed acquisition of the video game maker Activision Blizzard.

About 70% of Japanese workers are employed by small and midsize enterprises.

Additionally, the prevalence of geographic pay adjustments increased by nearly 70% (specifically, up 20 percentage points from 29% to 49%) in 2023 from 2022.

Total rewards can represent up to 70% of an organization’s budget — and as the stewards of that investment, it makes perfect sense that HR and TR leaders would need a finance mindset, said Marta Turba, the vice president of content strategy at WorldatWork.

Nearly half of survey respondents (48%), consisting of business leaders and decision makers, said they would only consider staff reductions as a last resort, and 70% would never, or only as a last resort, reduce or eliminate the employee benefits they offer.

Turning to Social Media for Benefits Information The Aflac report showed that while almost three-quarters of employers feel their employees have a solid understanding of their total healthcare costs, only 54% of employees agree — and almost 70% of those workers wish their organizations would share more information about their benefits packages.

.;70: The percentage of higher-educations institutions that reported they employ at least one professional residing out of state (up from 63% in 2021-2022), suggesting they may be increasingly open to employing professionals living in another state.

That is more than triple the share in 1987 (2%).