Employers that sponsor 401(k) or 403(b) plans should be aware of eligibility and participation rules for their long-term, part-time (LTPT) employees. Historically, such plans could exclude employees who worked fewer than...more
2/1/2024
/ 401k ,
403(b) Plans ,
Benefit Plan Sponsors ,
Eligibility ,
Employee Benefits ,
Employer Contributions ,
Exempt-Employees ,
Former Employee ,
Part-Time Employees ,
Proposed Regulation ,
Retirement Plan ,
SECURE Act ,
Vesting
The tides can turn quickly in the world of workplace law, and employers who operate as plan fiduciaries for their employees’ retirement investments can now shift their thinking thanks to the latest development. While the...more
Here’s the scenario:
Your company has had a 401(k) plan for the past 25 years. Employees appreciate the retirement benefit, and it seems to be operating well with very few questions or concerns from your employees. You’re...more
This detailed set of Frequently Asked Questions, fully updated for 2022, addresses the workplace-related issues facing employers in the wake of hurricane-related disasters. In addition to legal obligations you need to...more
9/9/2022
/ Business Closures ,
Corporate Counsel ,
Disaster Preparedness ,
Employee Assistance Programs ,
Employee Benefits ,
Employee Privacy Rights ,
Employer Liability Issues ,
Employment Policies ,
Foreign Workers ,
Hiring & Firing ,
Hurricane Season ,
Labor Relations ,
Layoffs ,
Leave of Absence ,
Natural Disasters ,
Severe Weather ,
Unemployment Benefits ,
Visas ,
Wage and Hour ,
Workers' Compensation Claim ,
Workplace Hazards ,
Workplace Safety
The battle over crypto 401(k)s reached a fever pitch last week as 401(k) provider ForUsAll Inc. filed a lawsuit against the U.S. Department of Labor (DOL) in a Washington, D.C. federal court on June 2, alleging that federal...more
6/8/2022
/ 401k ,
Administrative Procedure Act ,
Arbitrary and Capricious ,
Benefit Plan Sponsors ,
Cryptocurrency ,
Department of Labor (DOL) ,
EBSA ,
Employee Benefits ,
Notice and Comment ,
Retirement Plan ,
Rulemaking Process
After several weeks of tense negotiations and legislative twists and turns, President Biden’s latest COVID-19 stimulus package – the American Rescue Plan – has been passed by Congress and will become law once the president...more
3/10/2021
/ Biden Administration ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Families First Coronavirus Response Act (FFCRA) ,
Financial Stimulus ,
Legislative Agendas ,
Minimum Wage ,
Multiemployer Plan ,
Pensions ,
Popular ,
Relief Measures ,
Small Business ,
Tax Credits ,
Unemployment Benefits ,
Unions ,
Vaccinations ,
Wage and Hour
In the early morning hours of Saturday, February 27, the U.S. House of Representatives passed President Biden’s $1.9 trillion latest COVID-19 stimulus bill, containing a slew of employment-related initiatives that could have...more
3/1/2021
/ Biden Administration ,
COBRA ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Families First Coronavirus Response Act (FFCRA) ,
Financial Stimulus ,
Legislative Agendas ,
Minimum Wage ,
Multiemployer Plan ,
Pensions ,
Popular ,
Relief Measures ,
Small Business ,
Tax Credits ,
Unemployment Benefits ,
Unions ,
Vaccinations ,
Wage and Hour
Federal lawmakers agreed to a second round of stimulus legislation late last night, sending a nearly 6,000-page bill to President Trump for his expected signature. The proposal allocates $900 billion in economic relief to...more
12/23/2020
/ Borrowers ,
Business Expenses ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employee Retention ,
Employer Liability Issues ,
Families First Coronavirus Response Act (FFCRA) ,
Federal Loans ,
Financial Stimulus ,
Flexible Spending Accounts ,
Income Taxes ,
Loan Applications ,
Loan Forgiveness ,
Paid Leave ,
Paycheck Protection Program (PPP) ,
Relief Measures ,
Reporting Requirements ,
Retail Workers ,
Return-to-Work Agreements ,
Small Business ,
Small Business Loans ,
Tax Benefits ,
Tax Deductions ,
Unemployment Benefits
Historically, 401(k) plans could exclude individuals who worked less than 1,000 hours in the plan year. However, the SECURE Act, in its effort to expand access to employer retirement plans, introduced the concept of a “long...more
Colorado employers with five or more employees need to begin preparing to ensure they are in compliance with obligations brought about by a new state law that ensures nearly a million Colorado workers have access to...more
It appears to be official: unless the election results can be overturned in several states, Joe Biden will soon be our nation’s 46th president. Now the work begins to forecast what the next four years will bring. We’ve spent...more
11/9/2020
/ Affirmative Action ,
Biden Administration ,
Data Privacy ,
Data Security ,
Employee Benefits ,
Employee Privacy Rights ,
Federal Labor Laws ,
Immigration Procedures ,
Immigration Reform ,
Labor Relations ,
Legislative Agendas ,
Paid Leave ,
Pay Equity Laws ,
Political Campaigns ,
Restrictive Covenants ,
Wage and Hour ,
Workplace Safety