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They also focus on certain aspects of this insurance product as it relates to executivecompensation and employeebenefits matters. Listen to the podcast David Teigman: Hello and welcome to The Proskauer Benefits Brief: Legal Insight on EmployeeBenefits and ExecutiveCompensation.
A recent US Court of Appeals for the Seventh Circuit case supplies answers to many questions left open in 401(k) fee litigation cases after the US Supreme Court’s ruling earlier this year in Hughes v. Northwestern University. Specifically, to survive a motion to dismiss in the Seventh Circuit, the recent ruling in Albert v.
Types of Profit-Sharing Plans There are three main types of profit-sharing plans: Current Profit-Sharing Plan: Employers pay remuneration when allocating profit, usually annually, providing instant gratification to employees. These changes coincide with ongoing discussions among banking regulators to tighten executivecompensation rules.
Act of 2022 (“SECURE 2.0”) required that effective as of January 1, 2024 , participants in 401(k) plans, 403(b) plans, or governmental 457(b) plans, who were age 50 or older and whose Social Security wages for the previous year exceed $145,000 (indexed), only be permitted to make catch-up contributions under such plans on a Roth (after-tax) basis.
Earlier this spring, McDermott Partner Erin Turley delivered a presentation about the impacts of recent Employee Retirement Income Security Act of 1974 (ERISA) litigation. appeared first on EMPLOYEEBENEFITS BLOG. The post ERISA Litigation: What Have We Learned?
which was an executive contract dispute case in Delaware that hinged on a single word: “ and.”. You do not need a Lexis or Westlaw subscription to know that major cases and significant judgments have sometimes hinged on the meaning of a single word, or the placement of a single Oxford comma. Waystar, Inc.,
Listen to the podcast Tanusha Yarlagadda: Hello and welcome to The Proskauer Benefits Brief: Legal Insights on EmployeeBenefits and ExecutiveCompensation. Ira, can you highlight for us the changes under the final rules affecting participant-directed plans, such as a typical 401(k) or 403(b) plan?
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