On May 18, 2021, the Internal Revenue Service (IRS) released Notice 2021-31 (the “Notice”) providing guidance in Q&A format on the application of the temporary COBRA premium assistance provisions of the American Rescue Plan...more
Section 162(m) of the Internal Revenue Code of 1986 (as amended, the “Code”) imposes a $1 million deductibility limit on compensation paid by “publicly held corporations” to “covered employees.” As reported in our previous...more
1/11/2021
/ Compensation & Benefits ,
Corporate Taxes ,
Covered Employees ,
Executive Compensation ,
Final Rules ,
Grandfathering Rules ,
IRS ,
Privately Held Corporations ,
Publicly-Traded Companies ,
Remuneration ,
Section 162(m) ,
Tax Cuts and Jobs Act ,
Tax Deductions
COVID-19 has, among other things, had an impact on executive compensation and employee benefits, and given rise to a number of new issues and considerations. These compensation issues present challenges for companies seeking...more
In response to the coronavirus pandemic, Congress recently passed the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). President Donald Trump signed the CARES Act into law on March 27, 2020. Below is a...more
4/13/2020
/ Benefit Plan Sponsors ,
CARES Act ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Contributions ,
Executive Compensation ,
Filing Deadlines ,
Over The Counter Drugs (OTC) ,
Required Minimum Distributions ,
Retirement Plan ,
Student Loans ,
Telehealth
The Setting Every Community Up for Retirement Enhancement Act of 2019 (Secure Act) was passed by the House and Senate on December 17 and 19, respectively, as part of a budget bill known as the Further Consolidated...more
1/6/2020
/ 401k ,
529 Plans ,
Defined Contribution Plans ,
Department of Labor (DOL) ,
Form 5500 ,
Individual Retirement Account (IRA) ,
Multiemployer Plan ,
New Legislation ,
Qualified Retirement Plans ,
Required Minimum Distributions ,
Retirement ,
Retirement Plan ,
Safe Harbors ,
SECURE Act ,
Tax Credits ,
Tax Cuts and Jobs Act
The Internal Revenue Service (IRS) on November 6, 2019 announced the following cost of living inflation adjusted dollar limits applicable to tax-qualified plans and other benefit plans for 2020...more
11/8/2019
/ 401k ,
403(b) Plans ,
457(b) Plans ,
Compensation & Benefits ,
Contribution Limits ,
Defined Benefit Plans ,
Defined Contribution Plans ,
Employee Benefits ,
ESOP ,
Flexible Spending Accounts ,
Fringe Benefits ,
Health Savings Accounts ,
IRS ,
Retirement Plan ,
Social Security ,
Tax Planning
On December 15, 2017, the House and Senate conference committee agreed on the terms of the final tax reform bill, previously referred to as the “Tax Cuts and Jobs Act” (the “Act”), which was subsequently approved by both...more
1/9/2018
/ Affordable Care Act ,
Bicycles ,
Business Expenses ,
Business Taxes ,
Commuting ,
Compensation ,
Corporate Taxes ,
Employee Relocations ,
Equity Grants ,
Fringe Benefits ,
Incentive Awards ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Inflation Adjustments ,
Internal Revenue Code (IRC) ,
IRS ,
New Legislation ,
Reimbursements ,
Retirement Plan ,
Roth Conversions ,
Tax Cuts and Jobs Act ,
Tax Deductions ,
Tax Exemptions ,
Tax Reform ,
Transportation Expenses ,
Trump Administration
On November 2, 2017, the Committee on Ways and Means of the U.S. House of Representatives released its tax reform bill titled the Tax Cuts and Jobs Act (the “House Bill”). On November 6, 2017, Kevin Brady, Chairman of the...more
11/10/2017
/ CEOs ,
CFOs ,
Corporate Taxes ,
Covered Employees ,
Deduction Limitations ,
Deferred Compensation ,
Defined Benefit Plans ,
Dependent Care Assistance Program (DCAP) ,
Employee Benefits ,
Employee Housing ,
Employer Contributions ,
Equity Compensation ,
Excise Tax ,
Executive Compensation ,
Former Employee ,
Fringe Benefits ,
Grandfathering Rules ,
Health Savings Accounts ,
Income Taxes ,
Individual Retirement Account (IRA) ,
Internal Revenue Code (IRC) ,
Itemized Deductions ,
Legislative Amendments ,
Proposed Legislation ,
Restricted Stocks ,
Retirement Plan ,
Securities Exchange Act ,
Stock Options ,
Tax Cuts ,
Tax Deductions ,
Tax Exempt Entities ,
Tax Reform ,
Ways and Means Committee
On June 21, 2016, the Department of the Treasury published proposed regulations on the application of Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) to nonqualified deferred compensation (“NQDC”)...more
On March 28, 2016, the U.S. District Court for the District of Massachusetts in Sun Capital Partners III LP v. New England Teamsters & Trucking Industry Pension Fund, No. 10-10921 (D. Mass. 2016) delivered a surprising...more
If you read one thing...
- The IRS has issued new guidance on midyear changes to a safe harbor plan under Code Sections 401(k) and 401(m) that addresses the requirement that plan provisions generally must remain in...more
In our November 9, 2012, client alert, we examined an apparent victory for private equity firms resulting from the District Court of Massachusetts decision that held that two related private equity funds were not liable on a...more
The ruling on Wednesday by the Supreme Court of the United States, that Section 3 of the Defense of Marriage Act (DOMA) is unconstitutional, will immediately extend to legally married same-sex couples a host of federal...more
7/1/2013
/ COBRA ,
Discrimination ,
DOMA ,
Due Process ,
Employee Benefits ,
Equal Protection ,
Health Insurance ,
Retirement Plan ,
Same-Sex Marriage ,
SCOTUS ,
Survivorship ,
US v Windsor