News & Analysis as of

Employee Benefits Profit Sharing

Littler

New French Profit-Sharing Act Sets 2025 Deadline for Profitable Small Companies

Littler on

In France, profit-sharing is the new black. After years of statutory value-sharing bonuses (starting in 2018) and the introduction of compulsory profit-sharing schemes in companies with at least 50 employees (since 2020), the...more

Hogan Lovells

Update on employee information, profit-sharing, and economic dismissals

Hogan Lovells on

Our employment team reviews key decisions rendered in the month of October: from the publication of the decree on the new information that employers must provide to employees to the three rulings on the conclusion of specific...more

Ogletree, Deakins, Nash, Smoak & Stewart,...

For Employers in Mexico, the Countdown for Distributing Profit-Sharing Payments Begins: 9 Frequently Asked Questions

As May 30, 2023, approaches, so does the deadline for employers in Mexico to comply with the obligation of calculating and distributing profit-sharing (PTU) payments to employees. The following answers to nine frequently...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Company sued over retirement plan

A California environmental consultant is being sued by the Department if Labor for failing to manage or administer their profit-sharing plan since the late 1990s or early 2000s, effectively barring distribution of...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

In 2021, people were deferring more

The Plan Sponsor Council of America’s (PSCA)65th Annual Survey of 401(k) and Profit Sharing Plans showed record savings in retirement plans. In 2021, participant and employer contribution rates combined to produce an...more

Fisher Phillips

Top 10 Ways Employers Can Avoid Regular Rate Wage Mistakes On Their 2023 Resolutions Lists

Fisher Phillips on

When the US Department of Labor’s Wage and Hour Division published a Final Rule on the regular rate in late 2019, it gave employers the freedom to more easily offer perks and benefits to their employees without running afoul...more

Perkins Coie

Washington State Releases Guidance on New Job Posting Requirements

Perkins Coie on

In April 2022, we wrote about the upcoming amendments to Washington's Equal Pay and Opportunity Act (EPOA). The EPOA amendments require most employers who engage in business in Washington state to include pay ranges and...more

Whitcomb Selinsky, PC

[Webinar] Attracting (and Keeping) Top Talent: Employee Ownership vs. Profit Sharing - December 8th, 11:00 am - 12:00 pm MST

Whitcomb Selinsky, PC on

"Attracting (and Keeping) Top Talent: Employee Ownership vs. Profit Sharing" details employee ownership versus profit sharing, competitive offers for hiring long-term talent, and how you can stand out during a nationwide...more

Gerald Nowotny - Law Office of Gerald R....

How Can I Tell You – Part II

In my last installment, I introduced you to the best singer you've never heard of - Lani Hall. She made her fame singing in Portuguese (Sergio Mendes and Brasil 66) and Spanish (beautifully I might add!) while being unable to...more

Groom Law Group, Chartered

Reminder: Pre-Approved Plan Deadline – July 31, 2022

If you have a pre-approved profit-sharing, 401(k) or other defined contribution plan, your two-year window to adopt a newly updated pre-approved plan ends on July 31, 2022. ...more

Faegre Drinker Biddle & Reath LLP

New Stats on Employer Retirement Plans

On June 8, 2022, the Congressional Research Service published “Private-Sector Defined Contribution Pension Plans: An Introduction.” We reviewed the report and wanted to highlight a few key data points. Defined contribution...more

Holland & Hart - The Benefits Dial

Easy Money…2022 IRS Limits Announced Today

The IRS has announced the 2022 cost of living adjustments to qualified plan limits. As expected, many of the limits increased significantly compared with prior years. Below are the highlights, and our full historical chart...more

Amundsen Davis LLC

7th Circuit Allows USERRA Class Action To Proceed

Amundsen Davis LLC on

Commercial air pilot and Air Force reservist Eric White filed a class action against United Airlines under the United Services Employee and Reemployment Right Act (USERRA) claiming United violated USERRA by not providing paid...more

Burr & Forman

The Countdown Begins for Lifetime Income Disclosures

Burr & Forman on

The SECURE Act of 2019 made three statutory changes to ERISA regarding lifetime income benefit payments from defined contribution plans (e.g., 401(k), 403(b), profit sharing, and money purchase pension plans). This blog will...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Adoption of some 401(k) plan features are leveling off

There are many choices in developing options for a 401(k) plan and certain features such as automatic enrollment and Roth 401(k) have only been law since 2006. 14 years later, it would not be surprising that the percentage of...more

Williams Mullen

PODCAST: Recruiting and Retention: Can Your 401K Make a Difference?

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On this joint edition of Williams Mullen's Benefits Companion and GovCon Perspectives podcasts, Brydon DeWitt is joined by special guest Carl Grund, a financial advisor with Signature Financial Partners in Tysons, Va. Brydon...more

Hutchison PLLC

Qualified Retirement Plans Utilized by Startups and Early Stage Companies

Hutchison PLLC on

Many employers feel it is necessary, as part of a competitive recruitment process, to adopt a tax qualified retirement-savings plan for employees. Here are some forms of tax qualified retirement plans early stage companies...more

Burr & Forman

DOL Updates Guidance on Proxy Voting by Plan Fiduciaries

Burr & Forman on

On December 29, 2016, the U.S. Department of Labor (the “DOL”) released Interpretive Bulletin 2016-1 (“IB 2016-1”) relating to the voting of proxies on securities held in employee benefit plans. IB 2016-1 withdraws the...more

Stinson - Benefits Notes Blog

A Bad Deed is Not Entirely Unpunished

Richard Thomas embezzled nearly $20,000,000 from his employer. The employer then kept Thomas’s profit sharing account of about $21,000 as an offset against the embezzled amount. Of course, this violated ERISA’s...more

Nexsen Pruet, PLLC

New Developments Impact Retirement Plans and Other Employee Benefits

Nexsen Pruet, PLLC on

Year-End Amendments - The month of December is a bit different in 2013. Typically, we mark this time scrambling to amend 401(k), profit sharing, and money purchase plans in order to maintain their tax-qualified status....more

Nexsen Pruet, PLLC

Employee Benefits Alert: New Developments Impact Retirement Plans & More

Nexsen Pruet, PLLC on

Year-End Amendments - The month of December is a bit different in 2013. Typically, we mark this time scrambling to amend 401(k), profit sharing, and money purchase plans in order to maintain their tax-qualified status....more

Laner Muchin, Ltd.

Citing Windsor, Two Courts Extend Spousal Rights To Same-Sex Couples Who Reside In States That Do Not Recognize Same-Sex Marriage

Laner Muchin, Ltd. on

As we previously reported, the decision overturning the federal Defense of Marriage Act (DOMA) left open many questions, including the impact of the decision on states that do not recognize same-sex marriage. Recent decisions...more

Stinson - Benefits Notes Blog

Supreme Court Strikes Down Federal Defense Of Marriage Act – Open Questions For Benefit Plan Sponsors

On June 26, 2013, in a 5-4 vote the U.S. Supreme Court ruled that the 1993 Defense of Marriage Act (DOMA) was unconstitutional as a violation of Fifth Amendment guarantees of equal protection and equal liberty....more

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