The Federal Trade Commission’s (FTC) ban on noncompetition covenants (“noncompetes”) could significantly impact the design and administration of employee benefits and executive compensation arrangements....more
7/16/2024
/ Employee Benefits ,
Employment Contract ,
Executive Compensation ,
Federal Trade Commission (FTC) ,
Final Rules ,
Forfeiture ,
Non-Compete Agreements ,
Restricted Stocks ,
Restrictive Covenants ,
Severance Agreements ,
Unfair Competition
Notwithstanding the current economic uncertainty, corporate transaction activity has remained steady, meaning buyers continue to address issues relating to a target company’s qualified retirement plans, such as a 401(k) plan....more
Earlier this year, the Internal Revenue Service (IRS) issued Notice 2022-23, which extended the deadline to make certain amendments pursuant to the Setting Every Community Up for Retirement Enhancement (SECURE) Act of 2019,...more
12/7/2022
/ 403(b) Plans ,
457(b) Plans ,
Benefit Plan Sponsors ,
CARES Act ,
Employee Benefits ,
Filing Deadlines ,
Individual Retirement Account (IRA) ,
IRS ,
Pension Plan Amendments ,
Qualified Retirement Plans ,
Retirement Plan ,
SECURE Act ,
Time Extensions
The Consolidated Appropriations Act, 2021 (CAA) contained temporary relief measures aimed at addressing unused contributions to health flexible spending accounts (FSA) and dependent care assistance programs (DCAP).
On...more
3/11/2021
/ Benefit Plan Sponsors ,
Cafeteria Plans ,
CARES Act ,
Carry-Over Basis ,
COBRA ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Deductibles ,
Dependent Care Assistance Program (DCAP) ,
Employee Benefits ,
Flexible Spending Accounts ,
Grace Period ,
Health Savings Accounts ,
IRS ,
Relief Measures
With a recent uptick in mergers and transactions, we thought it would be worthwhile to provide a refresher on some coverage testing issues related to retirement plans. Although a seemingly mundane topic, coverage testing...more
Given that a variety of qualified retirement deadlines are approaching, we thought a refresher on the subject would be helpful, especially for plans that utilize a calendar plan year. This article is intended to alert plan...more
3/13/2019
/ Benefit Plan Sponsors ,
Defined Benefit Plans ,
Defined Contribution Plans ,
distr ,
Employee Benefits ,
Internal Revenue Code (IRC) ,
IRS ,
Pensions ,
Qualified Benefit Plans ,
Qualified Retirement Plans ,
Retirement Plan
On August 22, 2017, the U.S. District Court for the District of Columbia issued its decision in the American Association of Retired Persons, Inc.’s (AARP) challenge to the wellness program regulations issued by the U.S. Equal...more