Introduction -
On December 29, 2022, the President signed into law the SECURE 2.0 Act of 2022 (“SECURE 2.0”). As its name suggests, SECURE 2.0 expands on actions taken by the original SECURE Act of 2019 (“SECURE 1.0”). ...more
3/15/2023
/ 401k ,
403(b) Plans ,
Distribution Rules ,
Employee Benefits ,
EPCRS ,
Individual Retirement Account (IRA) ,
Pensions ,
Required Minimum Distributions ,
Retirement Plan ,
SECURE Act ,
Small Employers
Recently, the United States Supreme Court issued its long-awaited opinion in Dobbs v. Jackson Women’s Health, which addressed a Mississippi law that generally prohibits abortions after 15 weeks of gestation. In its ruling,...more
Interested in granting or receiving profits interests but confused by its features? NGE attorneys Patricia Cain and Josh Klein walk you through the compensation, tax, and corporate elements to consider as you navigate this...more
The SBA has released its Loan Forgiveness Application and Instructions for Borrowers, which provides the application and instructions for borrowers to calculate and submit their request to have all or a portion of their PPP...more
On March 13, 2020, President Trump declared the COVID-19 pandemic to be a "national emergency." As a result, employers now have the opportunity to provide disaster relief payments to employees on a tax-favored basis pursuant...more
The stimulus bill ("Bill") passed by the Senate on March 25, 2020 contains important provisions that impact employee benefit plans. While the Coronavirus Aid, Relief and Economic Security Act ("CARES Act") still must be...more
As furloughs and layoffs become increasingly prevalent during the response to the coronavirus crisis, employees may be looking for options for receiving emergency funds from their employer’s qualified retirement plan. ...more
In response to the repeal of the individual health coverage mandate, New Jersey passed the New Jersey Health Insurance Market Preservation Act (the "Act") which generally requires individuals who reside in New Jersey to...more
Effective March 18, 2020, group health plans and health insurance policies are required to pay for COVID-19 testing and related health provider visits, without imposing any cost sharing requirements, such as a deductible,...more
3/20/2020
/ Co-Insurance Payments ,
Co-payments ,
Coronavirus/COVID-19 ,
Deductibles ,
Employer Group Health Plans ,
Families First Coronavirus Response Act (FFCRA) ,
Health Insurance ,
IRS ,
Medical Testing ,
New Guidance ,
Telehealth
Use of Forfeitures for Safe Harbor Contributions, QNECS and QMACS -
The Internal Revenue Service (IRS) recently issued final regulations allowing forfeitures in 401(k) plans to be used to fund safe harbor contributions,...more
10/16/2018
/ 401k ,
Association Health Plans ,
Audits ,
Class Action ,
COBRA ,
Compensation & Benefits ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Contributions ,
Fiduciary Duty ,
Fiduciary Rule ,
Forfeiture ,
Health Insurance ,
Interest Rates ,
IRS ,
Mental Health Parity Rule ,
QMAC ,
QNEC ,
Retirement Plan ,
Rule 701 ,
Safe Harbors ,
Withdrawal Liability
This alert is intended to provide you with an update on the following employee benefit developments that we thought would be of interest: Tax Cuts and Jobs Act reduces the health savings account limit for 2018....more
3/22/2018
/ Contribution Limits ,
Corporate Taxes ,
Disability Access Claims ,
Employee Benefits ,
Executive Compensation ,
Hardship Distributions ,
Health Insurance ,
Health Savings Accounts ,
IRS ,
Pensions ,
Retirement Plan ,
Tax Cuts and Jobs Act ,
Tax Deferral ,
Tax Rates ,
Tax Reform ,
Voluntary Compliance
On February 3, 2017, President Trump issued a memorandum directing the Department of Labor to prepare an updated economic and legal analysis of its “Fiduciary Rule.” Compliance with the Fiduciary Rule is generally required on...more
2/6/2017
/ Best Interest Standard ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Fiduciary Rule ,
Financial Adviser ,
Financial Institutions ,
Investment Adviser ,
Regulatory Oversight ,
Retirement ,
Retirement Plan ,
Trump Administration