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Employers and total rewards professionals also can help their workers boost their contributions in several ways.

Court Rules Restaurant Chain Violated Minimum Wage and OT Regs The owner of three taco restaurants in western Michigan will pay 177 workers a total of $823,326 after a federal court concluded the restaurants operated an illegal tip pool that led to violations of federal minimum wage and overtime regulations.

Editor’s Note: Additional Content For more information and resources related to this article, see the pages below, which offer quick access to all WorldatWork content on these topics: ;Employee Compensation; ;Finance and Budgeting; ;Total Rewards; #1 Total Rewards & Comp Newsletter Subscribe to Workspan Weekly and always get the latest news on compensation and Total Rewards delivered directly to you.

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The formula is: total participant contributions divided by the total salary of all eligible employees times 100.