Remove 2024 Remove Employment Remove Executive Compensation
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New Year, New Rules: Global Equity and Employment Law Considerations for Calendar Year 2025

McDermott Will & Emery Employee Benefits

Many countries finalized new regulations and released new guidance in 2024 that will impact global equity plans. This client alert highlights key updates from Canada, the European Union, the United Kingdom, Brazil, and other jurisdictions, and recommends steps companies should take to address them. Access the article.

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FTC Issues Rule Banning Worker Noncompete Agreements

McDermott Will & Emery Employee Benefits

On April 23, 2024, the Federal Trade Commission (FTC) voted 3-2 along party lines to ban all new noncompete agreements nationwide and render existing noncompete agreements binding most workers unenforceable.

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Certain Information Statements for ISOs and ESPPs Due by January 31, 2024

Snell & Wilmer Benefits

For ISO exercises and ESPP transfers occurring in 2023, 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, 2024.

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January 21, 2025 – Employee Benefits Compliance Webinar – Employee Benefits Update

InterWest Insurance Services

Then well discuss trends and updates for 2025, including new requirements related to the final mental health parity regulations that were released in September 2024. Well start with a post-election outlook and what could happen with healthcare under the Trump Administration.

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November 9, 2023 – ACA & Employee Benefits Compliance Webinar – An Employee Benefits Update

InterWest Insurance Services

Lastly, we’ll review the ACA’s “affordability” percentage that was recently released for 2024, as well as the new e-filing requirements that will impact employers filing ACA returns in 2024. Stacy is a sought-after speaker on all aspects of the Affordable Care Act and employee benefit programs in general.

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IRS Announces Delay of Implementation of SECURE 2.0 Act’s Roth Catch-up Contribution Provision for Two Years

Benefits Notes

On the legal side, plan sponsors were concerned that plans that did not offer Roth contributions would have to cease allowing older workers to make catch-up contributions effective as of January 1, 2024. As signed into law, Section 603 of the SECURE 2.0 Consequently, in order to comply with the requirements of SECURE 2.0,

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Prohibition Against Non-Competes Expands in California

Proskauer's Employee Benefits & Executive Compensa

On September 1, 2023, California Governor Gavin Newsom signed Senate Bill 699 , which amends California Business & Professions Code Section 16600 to prohibit an employer from entering into or attempting to enforce a non-compete agreement regardless of whether the contract was signed outside of California. By adding Section 16600.5