Read Labor & Employment Law updates, alerts, news, and legal analysis from leading lawyers and law firms:
Newsbreak: What You Post on Facebook Can Be Used Against You
As More States Implement Social Media Password Laws, There’s Still Some Blind Spots
Failed Unpaid Intern Class Action Hints at Impact of Comcast v. Behrend
Dewey's Bankruptcy Lawyer: More Large Law Firms Will Fail
Social Media At Work - What's Allowed and What Isn't? PODCAST - Inside Law
Yahoo’s New Parental Leave Policy Raises Some Interesting FMLA Questions
Ann Curry’s Departure from the Today Show Presents a Number of Lessons for Employers
Businessweek Reporter: BigLaw Is "Crash Landing"
[Legal Perspective] When Is It NOT Okay to Delete Your Social Media Account?
D.C. Court Wreaks Havoc on NLRB Pro-Worker Cases
Can You Be Fired for a Tattoo?
President Obama Appoints Three Members to NLRB, but Will They Be Confirmed?
Social Media Law Report - Who Owns Your LinkedIn Account, FTC Guidance on Social Ads, More...
Your Employer Doesn’t Own Your LinkedIn Account, and They Shouldn’t Try To
What You Need to Know About New Secretary of Labor Thomas Perez
Study Reveals Alarming Statistics On Theft and Employee Misuse of Company Data
As Expected, Noel Canning v. NLRB Headed to the Supreme Court
Marijuana in the Workplace
5 Risks of Telecommuting (And How Employers Should Handle Them)
Two Key Elements Every Social Media Policy Should Include
Sponsors of 457(b) plans may receive questionnaires aimed at identifying noncompliance issues.
On June 3, the Employee Plans Compliance Unit of the Internal Revenue Service (IRS) announced the creation of its Section...more
This month our articles focus on the availability of damages in complex ERISA class actions and withdrawal liability actions. Jackie Len first provides Proskauer's perspective on the implications for ERISA litigation arising...more
403(b) retirement plans are similar to 401(k) plans, but the employers who may establish 403(b) plans are limited to public schools, certain tax exempt employers (including religious and charitable...more
Final Internal Revenue Code Section 403(b) regulations which became effective January 1, 2009 require that plan sponsors adopt written 403(b) Plan documents. ...more
Just a few weeks before many tax-exempt organizations file their annual Form 990, the IRS yesterday released its final report on the Colleges and Universities Compliance Project, which it had initiated in 2008 by sending...more
Final Internal Revenue Code Section 403(b) regulations issued December 31, 2009 require that plan sponsors adopt written 403(b) Plan documents. A 403(b) Plan is a form of defined contribution retirement plan that may only be...more
What happens if a tax-exempt organization becomes ineligible to sponsor a Section 403(b) Plan because it loses its exempt status under Internal Revenue Code Section 501(c)(3)? As an example, loss of tax-exempt status may...more
Recognizing that the requirement to have a detailed written plan document for a 403(b) retirement plan was a new and arduous task for many non-profit entities who sponsored such plans, the IRS has now published favorable...more
Many practitioners have been anxious to leaf through regulations to confidently determine whether an organization is a “functionally integrated” or “non-functionally integrated” Type III supporting organization, and the...more
Recently issued U.S. Department of Labor guidance indicates limitations on the use of an exemption from the Employee Retirement Income Security Act of 1974, as amended (ERISA), for certain 403(b) Plans.
Nonprofit organizations that sponsor retirement plans such as 401(k) and 403(b) plans are subject to two separate, but related, newly finalized U.S. Department of Labor regulations regarding disclosure of retirement plan fees...more
In this presentation;
- The ACORN Case
- The GAO’s Review of the Case
- GAO’s Findings – Area #1 Volume of Federal Funding
- GAO’s Findings – Area #2 Agency Monitoring
- GAO’s Findings – Area #3...more
Along with making significant changes to the rules for supporting organizations (“SOs”) and donor advised funds (“DAFs”) in the Pension Protection Act of 2006 (the “PPA”), Congress directed that Treasury conduct a study on...more
Originally published in the Tax Management Compensation Planning Journal, 39 CPJ 227, 11/04/2011.
In July 2007, the Internal Revenue Service (IRS) issued final regulations (the ‘‘Final Regulations’’) under §403(b) of the...more
Proskauer's 16th Annual Trick or Treat Seminar was held on Monday, October 31, 2011.
The Seminar discussed:
- Corporate Governance for Not-for-Profit/Exempt Organizations
- Maintaining Tax-Exempt Status During...more
IN THIS ISSUE:
Breaking News: Historic Change to Domain Name System — What You Should Know
CFPB Targets Debt Relief Services Market for Supervision
Chambers, Legal 500 Name Venable Top Advertising Law...more
Law is a system of rules and guidelines, usually enforced through a set of institutions. If society didn’t have laws, there would be absolute chaos. Law creates order and acts as a social mediator between people. The Wild...more
The Internal Revenue Service recently issued Revenue Ruling 2011 7 (Ruling), which provides additional guidance on the process for terminating a 40 (b) plan.
In short, a “403(b) plan” (also known as a “tax-sheltered...more
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