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Employer Liability Issues Employer Contributions

Verrill

IRS Issues Guidance Addressing Matching Contributions on Student Loan Payments

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Section 110 of the SECURE 2.0 Act of 2022 (“SECURE 2.0”) permits employers maintaining a 401(k), 403(b), governmental 457(b), or SIMPLE IRA plan to make matching contributions based on qualified student loan payments...more

Keating Muething & Klekamp PLL

Benefits Monthly Minute - August 2024

The August Monthly Minute highlights new IRS guidance addressing student loan matching programs, HHS’s increases to civil monetary penalties and Form 5330 paper filing updates....more

Fisher Phillips

Workplace Law Update: 10 Essential Items on Your April To-Do List

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It’s hard to keep up with all the recent changes to labor and employment law, especially since the law always seems to evolve at a rapid pace. In order to ensure you stay on top of the latest changes and have an action plan...more

International Lawyers Network

Paid Leave

The following paper aims to succinctly address the question "Under what circumstances is an employee entitled to paid leave?” This guide offers an overview of legal aspects of paid leave in the requisite jurisdictions....more

Bass, Berry & Sims PLC

UPDATE: Planning for Open Enrollment? Note the ACA Affordability Threshold Drop

This post was updated on February 6, 2024, to reflect the 2024 Federal Poverty Level announced in January 2024. On August 23, 2023, the Internal Revenue Service issued Rev. Proc. 2023-29, announcing that the Affordable...more

Conn Kavanaugh

New Year’s HR Housekeeping: Update Your Policies To Comply With Recent Changes To The Massachusetts Paid Family Leave Law

Conn Kavanaugh on

The new year is an excellent time for businesses to take a fresh look at their policies to ensure they are up-to-date. This article highlights recent updates to the Massachusetts Paid Family Medical Leave law (PFML) to be...more

Fisher Phillips

Court Orders Employer to Jail Unless He Complies with Union Fringe Benefit Fund Audit Request

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Employers are far behind the eight ball when union fringe benefit funds come knocking to audit or collect claimed delinquent contributions – and a recent decision from an Oregon federal judge means that employers could face...more

McDermott Will & Emery

Employer Student Loan Debt Benefits Following SECURE 2.0

McDermott Will & Emery on

In December 2022, Congress enacted groundbreaking legislation as part of the SECURE 2.0 Act (SECURE 2.0) codifying an opportunity for employers to provide matching contributions within a tax-qualified retirement plan based on...more

Foley & Lardner LLP

Diving Into SECURE 2.0: Expanding Access to 401(k) Plan Savings for Long-Term Part-Time Employees

Foley & Lardner LLP on

The SECURE 2.0 Act of 2022 (SECURE 2.0) significantly changes the legal and administrative compliance landscape for U.S. retirement plans. Foley & Lardner LLP is authoring a series of articles that take a “deep dive” into key...more

McDermott Will & Emery

Just Catching Up? All for One, or None for All, Catch-Up Contributions Under SECURE 2.0

McDermott Will & Emery on

In this series of articles, we explore the implications of SECURE 2.0’s changes to catch-up contributions and how employers should respond. The SECURE 2.0 Act indicates that any plan that permits catch-up contributions...more

McDermott Will & Emery

Just Catching Up? Wages, by Any Other Name, Not So Sweet for Employers Under SECURE 2.0

McDermott Will & Emery on

In this series of articles, we explore the implications of SECURE 2.0’s changes to catch-up contributions and how employers should respond. The SECURE 2.0 Act indicates that any plan that permits catch-up contributions...more

McDermott Will & Emery

All for One, or None for All, Catch-Up Contributions Under SECURE 2.0

McDermott Will & Emery on

In this series of articles, we explore the implications of SECURE 2.0’s changes to catch-up contributions and how employers should respond. The SECURE 2.0 Act indicates that any plan that permits catch-up contributions...more

Bradley Arant Boult Cummings LLP

SECURE 2.0: Changes Affecting 403(b) Plans

Enacted last December as part of omnibus appropriations legislation, the “Securing a Strong Retirement Act of 2022” (SECURE 2.0) includes a number of provisions that have an impact on retirement plan administration. In...more

Verrill

Alternatives for Sponsors of Defined Benefit Pension Plans

Verrill on

For decades, it was common for employers to maintain employer-funded defined benefit pension plans (“DB Plans” or “Plans”) to provide retirement benefits to their employees. In recent years, DB Plans have become increasingly...more

McDermott Will & Emery

SECURE 2.0 Takes Second Bite at Retirement Security

McDermott Will & Emery on

The US Congress recently passed the SECURE 2.0 Act of 2022 (SECURE 2.0). Building on the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019 (SECURE 1.0), SECURE 2.0 strives to expand retirement plan...more

Mintz - Employment Viewpoints

Expanding Coverage and Increasing Retirement Savings with the SECURE 2.0 Act

Congress has passed long-awaited retirement legislation under Division T of the Consolidated Appropriations Act of 2023 known as the SECURE 2.0 Act of 2022 (the “Act”), which awaits the President’s signature. The Act is a...more

Polsinelli

Employers Must Notify Colorado Employees of FAMLI Benefits by January 1, 2023

Polsinelli on

In November 2020, Colorado voters approved a ballot initiative for a state-run paid family leave benefits program. Under Colorado’s Family and Medical Leave Insurance (“FAMLI”) program, employees and most employers will make...more

Conn Kavanaugh

Important Changes to Massachusetts Paid Family Medical Leave Law Go Into Effect January 1, 2023

Conn Kavanaugh on

Several important updates to the Massachusetts Paid Family and Medical Leave law (“PFML”) go into effect on January 1, 2023. Background on the PFML - Beginning in 2021, the PFML began providing paid family and medical...more

Schwabe, Williamson & Wyatt PC

Paid Leave Oregon Is (Finally) Coming ‎

In 2019, the Oregon legislature passed the Paid Family Medical Leave (PFML) Act, establishing a paid ‎family and medical leave insurance program for Oregon workers that will be funded by employee ‎contributions. After...more

Jackson Lewis P.C.

Guidance for Classification of Construction Workers Provided by New Jersey Supreme Court

Jackson Lewis P.C. on

In a case involving a drywall installation business, the New Jersey Supreme Court has provided helpful tips for employers to properly classify construction workers as independent contractors or employees and to accurately...more

Amundsen Davis LLC

Local and State Employment Law Update: Sex Harassment and Discrimination, Salary Disclosure and Equal Pay

Amundsen Davis LLC on

ARIZONA- Pursuant to H.B. 2146, employers must notify the Arizona Department of Homeland Security about any security breach involving personal information, if more than 1,000 state residents (including employees and...more

Fenwick & West LLP

Eligible California Employers with 5 or More Employees Must Comply with CalSavers Retirement Savings Trust Act by June 30, 2022

Fenwick & West LLP on

California law requires that employers doing business in California that do not offer a 401(k) plan must register under the CalSavers Retirement Program (the “CalSavers Program” or “Program”) and provide employee census...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

The bonus problem

Bonuses are nice, I wouldn’t know because in the 11 years I was an employee, I got $300 for the holidays after I started in September 1998 and never received one again. This article isn’t about my lack of bonuses, but it’s...more

Morgan, Brown & Joy, LLP

Massachusetts Department of Family and Medical Leave Updates 2022 Contribution Rates and Benefit Amounts: Employers to Notify...

On October 1, 2021, the Massachusetts Department of Family and Medical Leave (DFML) announced updates to contribution rates and weekly benefit amounts under the Paid Family and Medical Leave Act (PFMLA), effective January 1,...more

Mintz - Employment Viewpoints

REMINDER: Massachusetts Paid Family and Medical Leave Next Steps

The Department of Family and Medical Leave (the “Department”) has provided several updates and reminders to Massachusetts employers and employees regarding Massachusetts’s Paid Family and Medical Leave (“PFML”), and we want...more

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