For over twenty years, the IRS has provided guidance on correcting overpayments from retirement plans through its correction program, the Employee Plans Compliance Resolution System, currently set forth in Revenue Procedure...more
As part of the routine administration of employee benefit plans, shortly after the end of a calendar year, many transactions must be reported to the federal government (“information returns”) and participants (“payee...more
Twenty years ago this month the Enron Corporation imploded in spectacular fashion and declared bankruptcy. In the weeks leading up to its bankruptcy filing, over 100 highly compensated employees raced to receive early...more
The 2017 Tax Cuts and Jobs Act contains a two-year pilot project, developed by Senators Angus King (I-ME) and Deb Fischer (R-NE), that provides a tax credit to employers that offer at least two weeks of paid leave to low and...more
8/24/2018
/ Employee Benefits ,
Employment Policies ,
Family and Medical Leave Act (FMLA) ,
Federal Pilot Programs ,
Internal Revenue Code (IRC) ,
Paid Leave ,
Paid Time Off (PTO) ,
Plan Administrators ,
Small Employers ,
Tax Credits ,
Tax Cuts and Jobs Act ,
Wage and Hour