Top CEO Concerns Post-COVID-19: Talent and Corporate Responsibility

Top CEO Concerns Post-COVID-19: Talent and Corporate Responsibility Part II

Fulcrum Partners Deferred Compensation News

Yesterday, in Deferred Compensation News, we looked at results from the KPMG 2020 CEO Outlook, a study conducted in January and February of 1,300 CEOs, followed this summer by re-surveying 315 of the participants. If you missed yesterday’s news, you’ll want to read Part I of “Top CEO Concerns Post-COVID-19: Talent and Corporate Responsibility,” where we published how survey respondents …

Top CEO Concerns

Top CEO Concerns Post-COVID-19: Talent and Corporate Responsibility

Fulcrum Partners Executive Benefits News

Today we are publishing the first of a two-part look at the 2020 KPMG CEO Outlook. This study was conducted in two steps: the initial interview of more than a thousand CEOs of top organizations, conducted pre-COVID-19,  with a follow-up involving over 300 respondents late this summer. Among the most noteworthy of the survey’s finding is the fact that in …

Clarification of Benefit Plan Proxy Voting Obligations

Clarification of Benefit Plan Proxy Voting Obligations

Fulcrum Partners Executive Benefits News

The U.S. Department of Labor (DOL) has proposed a rule on employee benefit plan proxy voting and the exercise of other specific shareholder rights. The new DOL proposed rule is intended to clarify the duties of Employee Retirement Income Security Act of 1974 (ERISA)-covered plan fiduciaries regarding proxy voting. Per the DOL’s proposed rule: “This document also states that Interpretive …

Department of Labor Thanks the Rosies

The Department of Labor Says “Thank You” to The Rosies

Fulcrum Partners Human Resources

Today the US Department of Labor (DOL) honors the “Rosies”. The history-making women who riveted, welded, and took on roles as first responders during World War II are collectively known as the “Rosies”. By stepping in to effectively handle jobs previously held by men, the Rosies enabled the production of the planes, ships, tanks, arms and munitions that empowered the …

Fulcrum Partners Labor Day 2020

Enjoy Your Labor Day Weekend

Fulcrum Partners Fulcrum Partners News

Since September 5, 1882, the United States of America has celebrated Labor Day. Following twelve years of the date being celebrated and honored by the Central Labor Union, on June 28, 1894, President Grover Cleveland signed the law making the first Monday in September a national holiday every year.

Human Capital Disclosure Rules Revised by the SEC

Human Capital Disclosure Rules Revised by the SEC

Fulcrum Partners Fulcrum Partners News

On August 26, the Securities and Exchange Commission (SEC) announced changes to Regulation S-K as part of its human capital disclosure requirements for companies’ non-financial reporting.

“Many of the amendments,” stated the SEC media release issued last week announcing the adoption of the new guidelines, “reflect the Commission’s long-standing commitment to a principles-based, registrant-specific approach to disclosure. These disclosure requirements, while prescriptive in some respects, are rooted in materiality and are designed to facilitate an understanding of each registrant’s business, financial condition, and prospects. The rules are designed for this information to be presented on a basis consistent with the lens that management and the board of directors use to manage and assess the registrant’s performance.

Top Hat Plans: What Executives and Organizations Need to Know

Top Hat Plans: What Executives and Organizations Need to Know…and Why

Fulcrum Partners. Deferred Compensation News

This past January, the U.S. Government Accountability Office (GAO) published its initial findings after conducting a review of executive retirement plans, specifically, top hat plans. The study came in response to a request filed by U.S. Senators Ron Wyden (Oregon), Bernie Sanders (Vermont), and Patty Murray (Washington).

This article looks at 1.) the GAO’s report; 2.) the final rulings by the U.S. District Court in the class action lawsuit of Berry v Wells Fargo & Co; and, 3.) the implications of both on Top Hat plans in general.

Woman office worker typing on the keyboard

Deadline for RMD Rollback Under CARES Act is August 31

Fulcrum Partners. Deferred Compensation News

Taxpayers who have already taken their required minimum distribution, RMD, for 2020, have the option for an RMD Rollback under the CARES Act if taken by August 31, 2020. The intention of this option is to provide tax relief for those who took their required RMD prior to the Coronavirus Aid, Relief, and Economic Security (CARES) Act becoming law on March 27, 2020 and wish to ‘undo’ their action.

Human Capital Management and Corporate Accountability

Human Capital Management and Corporate Accountability

Fulcrum Partners Deferred Compensation News

Is your organization prepared to be accountable to stakeholders (and the marketplace) for its human capital management policies and practices? If your company is still looking at human capital as a cost and not an asset, brace yourself for a dramatic perspective shift. As Michael S. Melbinger, attorney and author of the Executive Compensation Blog, has observed, “the COVID-19 pandemic has pushed human capital issues to the fore like never before.”