IRS reminds employers that implementing certain optional retirement plan provisions of SECURE 2.0 affect Form W‑2 and Form 1099‑R reporting starting in 2023 -
The IRS recently issued Fact Sheet 2024‑18 to highlight how...more
5/14/2024
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Benefit Plan Sponsors ,
Documentation ,
Employee Benefits ,
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Employer Liability Issues ,
Incentives ,
Individual Retirement Account (IRA) ,
IRS ,
Reporting Requirements ,
Retirement Plan ,
Roth IRA ,
SECURE Act ,
Tax Planning ,
W-2
The Internal Revenue Service recently announced 2024 dollar limits for qualified retirement plans (including 401(k) plans), deferred compensation plans, and health and welfare plans. Adjustments to certain limits are based on...more
Employers covered by the San Francisco Health Care Security Ordinance ("SFHCSO") must submit their Annual Reporting Form to the San Francisco Office of Labor Standards Enforcement ("OLSE") on or before May 1, 2023. Covered...more
Internal Revenue Code ("Code") Section 457(b) plans are only available to a select group of employers – state and local governments and entities that are exempt from tax pursuant to Code Section 501. Earlier this month, the...more
The Internal Revenue Service recently announced 2023 dollar limits for qualified retirement plans (including 401(k) plans), deferred compensation plans, and health, and welfare plans. Adjustments to certain limits are based...more
On June 24, 2022, the U.S. Supreme Court issued its decision in Dobbs v. Jackson Women's Health Organization, which overturned Roe v. Wade, thereby holding that the U.S. Constitution does not expressly or implicitly protect...more
The Employee Benefits Security Administration (EBSA) of the U.S. Department of Labor (DOL) recently announced its first cybersecurity guidance for retirement plans subject to the Employee Retirement Income Security Act of...more
4/28/2021
/ Benefit Plan Sponsors ,
Cybersecurity ,
Data Breach ,
Data Privacy ,
Department of Labor (DOL) ,
EBSA ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Popular ,
Retirement Plan ,
Retirement Plan Providers ,
Risk Management
The COVID-19 pandemic and the proliferation of employees working remotely has prompted employers of every size to contend with new questions about laws applicable to their workers in distant locations. Depending on whether...more
2/2/2021
/ Compliance ,
E-3 ,
Employee Benefits ,
Employees ,
Flexible Work Arrangements ,
H-1B ,
Hiring & Firing ,
Intellectual Property Protection ,
Reimbursements ,
Remote Working ,
Telecommuting ,
Wage and Hour
On January 7, 2021, the Equal Employment Opportunity Commission (EEOC) proposed new rules regarding how employers can provide incentives to employees to participate in wellness programs without violating the law. The key is...more
What can employers expect from the incoming Biden Administration, and how can they plan to stay ahead of expected Executive and Legislative action? In this webinar, our panel of employment, labor, immigration, and employee...more
1/8/2021
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Biden Administration ,
Continuing Legal Education ,
Coronavirus/COVID-19 ,
Diversity and Inclusion Standards (D&I) ,
Employee Benefits ,
Equal Employment Opportunity Commission (EEOC) ,
Foreign Nationals ,
Foreign Workers ,
Health Plan Sponsors ,
Immigration Procedures ,
Labor Regulations ,
Legislative Agendas ,
NLRB ,
OSHA ,
Wage and Hour ,
Webinars ,
Workplace Safety
On December 27, 2020, President Trump signed into law an additional COVID-19 relief bill, attached to the Consolidated Appropriations Act of 2021, and intended to provide economic assistance to Americans impacted by COVID-19,...more
The Internal Revenue Service has announced 2021 dollar limits that apply to qualified retirement plans, including 401(k) plans, deferred compensation plans, and health and welfare plans. Adjustments to certain limits are...more
Employers subject to the federal Consolidated Omnibus Budget Reconciliation Act of 1985 (COBRA) should take action to update their COBRA notices, election forms, and procedures as a result of recent regulatory and litigation...more
The U.S. Supreme Court's decision, Thole v U.S. Bank, on June 1, 2020, has limited the right of defined benefit plan participants to sue for fiduciary violations to situations in which the defined benefit plan is unable to...more
6/8/2020
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Breach of Duty ,
Defined Benefit Plans ,
Duty of Loyalty ,
Duty of Prudence ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Injury-in-Fact ,
Investment Adviser ,
Mismanagement ,
Pensions ,
Plan Participants ,
Retirement Plan ,
SCOTUS ,
Standing ,
Thole v U.S. Bank
On May 12, 2020, the IRS issued new guidance, IRS Notice 2020-29 and IRS Notice 2020-33, which temporarily provides greater flexibility to individuals participating in a cafeteria plan, health flexible spending arrangement...more
This advisory summarizes key provisions in the Coronavirus Aid, Relief, and Economic Security Act (“CARES Act”) applying to employee benefit plans. We provide a summary of key items and more detailed FAQs relating to...more
3/30/2020
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CARES Act ,
Coronavirus/COVID-19 ,
Defined Contribution Plans ,
Employee Benefits ,
Employer Group Health Plans ,
Hardship Distributions ,
Payroll Taxes ,
Relief Measures ,
Retirement Plan ,
Student Loans ,
Tax Credits ,
Telehealth