McDermott Will & Emery Employee Benefits

OCTOBER 12, 2022

On September 26, 2022, the Internal Revenue Service (IRS) extended the amendment deadline for non-governmental qualified retirement plans, plans covered under Section 403(b) of the Internal Revenue Code (Code) and individual retirement accounts (IRAs).

Retirement Plan 98

Retirement Plan IT Employee Benefits Executive Compensation 98

McDermott Will & Emery Employee Benefits

JULY 26, 2022

82830-4-I, 2022 WL 2206828 (Wash. June 21, 2022). Last month, the Washington Court of Appeals affirmed a lower court’s decision to dismiss a challenge to the recently enacted payroll expense tax in Seattle, WA. Seattle Metro. Chamber of Commerce v. City of Seattle, No. The tax, which went into effect on January 1, 2021, […].

Taxes 94

Taxes Payroll Employee Benefits Executive Compensation 94

Proskauer's Employee Benefits & Executive Compensa

JANUARY 31, 2023

Act of 2022 (“ SECURE 2.0 ”) that was signed into law on December 29, 2022 as part of the 2023 Consolidated Appropriations Act includes a slew of changes for retirement plan sponsors and employers. also does not change PBGC’s indexed flat-rate premiums for both single-employer pension plans and multiemployer pension plans.

Pension 40

Pension Executive Compensation Retirement Plan Employment 40

Benefits Notes

AUGUST 29, 2023

as an election to make such contributions on a Roth basis; and (iii) in the case of multiple employer and multiemployer plans, Section 603 of SECURE 2.0 would not require unrelated employers to aggregate the wages of plan participants to determine which participants are limited to making only Roth catch-up contributions.

401(k) 52

401(k) Retirement Plan Executive Compensation Taxes 52

Snell & Wilmer Benefits

JANUARY 30, 2023

For ISO exercises and ESPP transfers occurring in 2022, the Section 6039 employee information statement requirement is satisfied by providing Form 3921 (for ISOs) and Form 3922 (for ESPPs) to employees no later than January 31, 2023.

Electronics 52

Electronics Employment Executive Compensation Employee Benefits 52

Snell & Wilmer Benefits

JANUARY 25, 2024

The failure to timely file Form 3921 and/or Form 3922, as applicable, can subject an employer to the penalties described in Section 6721 and 6722 of the Code.

Electronics 52

Electronics Employment Executive Compensation 52

Snell & Wilmer Benefits

JANUARY 30, 2023

For ISO exercises and ESPP transfers occurring in 2022, the Section 6039 employee information statement requirement is satisfied by providing Form 3921 (for ISOs) and Form 3922 (for ESPPs) to employees no later than January 31, 2023.

Electronics 40

Electronics Employment Executive Compensation Employee Benefits 40

Snell & Wilmer Benefits

FEBRUARY 21, 2022

Specifically, Section 409A provides that a payment will not be considered nonqualified deferred compensation if the employer makes the payment on or prior to the 15th day of the third month following the end of the employee’s (or, if later, the employer’s) taxable year in which the employee’s right to the payment vests.

Employment 40

Employment Executive Compensation Employee Benefits IT 40

Benefits Notes

MARCH 31, 2021

Many of the provisions in this sweeping legislation bring changes to the employee benefits world of which employers should take note and which are summarized below. The ARPA also allows the employer, insurer, or multiemployer plan sponsor who subsided the premiums to offset the cost by claiming a new federal tax credit. Tax Credit.

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40

Proskauer's Employee Benefits & Executive Compensa

JULY 27, 2022

compensation tax deduction. Sections 280G and 4999 provide for a dual penalty on certain significant payments that are contingent on a change in control of a corporation to certain significant shareholders, officers, and other highly compensated individuals (“disqualified individuals”). transaction if a non-U.S.

Deductible 52

Deductible Deductions Taxes Employee Compensation 52

HR Lineup

OCTOBER 31, 2021

Having the best compensation plan will help you avoid the risk of losing them or scaring away potential hires. In addition, you need the best employee benefits software in 2022 to help you plan your compensation effectively. . However, the best compensation software is the one that fits your business needs.

Software 242

Software Employee Benefits Executive Compensation Management 242

Vantage Circle

MAY 29, 2023

Over 4500 companies globally have become certified B Corps as of February 2022. (To HR professionals, employers, and people managers alike can play an important role in the lives of their employees by assisting them in finding the resources they need while simultaneously reducing stigma. SHRM Foundation President Wendi Safstrom.

Health and Welfare 89

Health and Welfare Education Government Electronics 89

Proskauer's Employee Benefits & Executive Compensa

JANUARY 6, 2023

On January 5, 2023, the Federal Trade Commission (“FTC”) proposed an expansive new rule which would impose a near-complete ban on the use of noncompetes (the “Proposed Rule”) by employers. The Proposed Rule additionally defines other key terms, including “worker,” “employer,” and “employment.” (pp. What’s in the Proposed Rule?

Commissions 52

Commissions Manufacturing Employment Executive Compensation 52