What is ERISA, and How Might it Impact You?

The Employee Retirement Income Security Act of 1974 (ERISA) is the primary federal law that governs how retirement accounts and health plans are supposed to be run. While this may sound relatively mundane, the fact of the matter is that ERISA violations can result in serious harm to workers and retirees that rely (or intend to rely) on their retirement accounts later in life. But what exactly is ERISA, and how might it impact you?

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USDOL Publishes New Rule on Independent Contractor Classification

The United States Department of Labor (USDOL) recently published a final rule about whether to classify workers as employees or independent contractors. It reverses a previous 2021 rule, which had instituted harsher standards that increased the likelihood of an employee being inappropriately classified as an independent contractor. The new rule is intended to help ensure employees are afforded the appropriate protections they are guaranteed under legislation like the Fair Labor Standards Act (FLSA).

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