Many companies are scrambling to quickly assess how to reduce the business impact of the upheaval to U.S. manufacturing and trading with the recent onslaught of tariffs threatened or imposed by the United States and the...more
4/22/2025
/ 401k ,
403(b) Plans ,
Defined Benefit Plans ,
Defined Contribution Plans ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Contributions ,
Pensions ,
Retirement Plan ,
Tariffs ,
Unions ,
US Trade Policies
No matter the size of your organization, at some point in time employees leave. As we noted previously, it behooves human resources and other departments to provide departing employees with an exit letter that includes...more
3/29/2024
/ 401k ,
COBRA ,
Employee Benefits ,
Employee Contributions ,
Employer Contributions ,
Enforcement ,
Excise Tax ,
Health Insurance ,
Hiring & Firing ,
Human Resources Professionals ,
Internal Revenue Code (IRC) ,
Life Insurance ,
Long Term Disability Insurance ,
Non-Compete Agreements ,
Penalties ,
Post Employment Notice Pay (PENPs) ,
Severance Agreements ,
Termination
...Emergency Savings Accounts and Distributions -
Brief overview. As reported previously, SECURE 2.0 permits but does not require plans to add emergency savings accounts beginning with the 2024 plan year, but only...more
To the extent plan sponsors of 401(k) or 403(b) safe harbor plans have not yet reduced or suspended safe harbor contributions for the 2020 plan year, they may now find it easier to do so under IRS Notice 2020-52, issued on...more
Employers commonly make payments to former employees for a number of reasons. Two of the more routine payments are those from a non-qualified deferred compensation plan (such as payments from a supplemental executive...more
7/10/2018
/ 1099s ,
401k ,
Deferred Compensation ,
Employee Benefits ,
Employer Group Health Plans ,
Employer Liability Issues ,
FICA Taxes ,
Former Employee ,
Income Taxes ,
IRS ,
Payroll Taxes ,
Retirement ,
Severance Agreements ,
Severance Pay ,
W-2
Impact of Tax Reform on Employer-Provided Retirement, Welfare, and Fringe Benefits -
The recently enacted Tax Cuts and Jobs Acts (the “Tax Reform Act”) made significant changes to the Internal Revenue Code. Although there...more
1/8/2018
/ 401k ,
403(b) Plans ,
Affordable Care Act ,
Employee Benefits ,
Fringe Benefits ,
Hardship Distributions ,
Health and Welfare Plans ,
Individual Mandate ,
Individual Retirement Account (IRA) ,
Retirement Plan ,
Roth IRA ,
Tax Cuts and Jobs Act
Generally speaking, many employers do not think about the Employee Retirement Income Security Act (ERISA) when it comes to severance, whether at the front end, when employment agreements or policies are negotiated and...more