News & Analysis as of

Compensation & Benefits Recordkeeping Requirements

Seyfarth Shaw LLP

DOL Issues New Guidance Streamlining the Voluntary Fiduciary Correction Program

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The Department of Labor (DOL) has issued a much awaited amendment to its Voluntary Fiduciary Correction Program (VFC Program). Notably, the amendment adds a self-correction feature for the delinquent transmittal of...more

Fox Rothschild LLP

New Jersey’s New Pay Transparency Law: Guidance for Employers

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Starting June 1, 2025, New Jersey employers will need to be transparent about employee compensation when posting new job openings and providing notice to existing employees of internal promotional opportunities. The...more

Husch Blackwell LLP

Illinois Mandates Pay Transparency in Job Postings: What Employers Need to Know

Husch Blackwell LLP on

On August 11, 2023, Governor J.B. Pritzker signed an amendment to the Illinois Equal Pay Act that mandates new pay transparency requirements for most Illinois employers. New Pay Transparency Requirements- Effective...more

Alston & Bird

Major Changes Coming to the Qualified Professional Asset Manager Exemption

Alston & Bird on

Our Employee Benefits & Executive Compensation and Investment Funds Teams break down the increased compliance requirements – and compliance costs – qualified professional asset managers (QPAMs) face under the Department of...more

Jackson Lewis P.C.

Colorado Equal Pay Transparency Law Update: Additional Guidance (INFO #9A) Released

Jackson Lewis P.C. on

Colorado’s revised Equal Pay Transparency Rules go into effect on January 1, 2024. The Colorado Department of Labor and Employment (CDLE) has released additional guidance following release of its final rules for...more

Fox Rothschild LLP

Colorado’s Amended Equal Pay for Equal Work Act: What Employers Need to Know Now

Fox Rothschild LLP on

The requirements of Colorado’s Equal Pay for Equal Work Act (EPEWA) are changing. Since January 1, 2021, Part 2 of the EPEWA has required transparency in pay and job opportunities. Last summer, however, the Colorado...more

Smith Debnam Narron Drake Saintsing & Myers,...

Department of Labor Issues Guidance On Recordkeeping For Remote Workers

The federal Fair Labor Standards Act (“FLSA”) codifies the employment relationship as it relates to the payment of wages. The United States Department of Labor (“DOL”) administers the FLSA through its Wage and Hour Division....more

Groom Law Group, Chartered

Church Plans Under the SECURE Act

Many of the provisions of the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) do not apply to non-electing church plans, but some do, notably those dealing with certain 403(b)(9) plans and...more

Faegre Drinker Biddle & Reath LLP

Best Practices for Plan Sponsors #12

Lessons Learned from Litigation (#4)—The Johns Hopkins Case - This is the twelfth in a series of articles about Best Practices for Plan Sponsors. To be clear, “best practices” are not the same as legal requirements....more

Fenwick & West LLP

New 162(m) Guidance: IRS Notice 2018-68 Clarifies Scope of Tax Reform and Transition Rules

Fenwick & West LLP on

Section 162(m) of the Internal Revenue Code denies a tax deduction to a public company for compensation paid to certain individuals—called “covered employees”—to the extent that the compensation paid to such individual...more

Skadden, Arps, Slate, Meagher & Flom LLP

Insights Special Edition: "Dodd-Frank Rulemaking: Volcker Rule and SIFI Proposals"

Dear Clients and Friends: In October, federal agencies proposed two new sets of regulations under the Dodd-Frank Act. The proposals — to implement the Volcker Rule and to create standards to designate certain nonbanks...more

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