Proskauer's Employee Benefits & Executive Compensa

JANUARY 24, 2023

A district court in New York recently dismissed a putative class action challenging retirement plan recordkeeping and investment management fees. District Court for the Southern District of New York, alleging that it violated ERISA in its management of both a 401(k) plan and a profit-sharing plan.

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401(k) Profit Sharing Plan Retirement Plan Management 109

Vantage Circle

NOVEMBER 30, 2022

Retirement planning services. An ominously titled HBR article called How You Promote People Can Make or Break Company Culture stated: Among the 100 Best Companies, 75% of employees believe promotions go to those who best deserve them. Profit-sharing Plans. Hence, enter the profit-sharing plan.

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Profit Sharing Plan PTO Bonuses Paid Leave 105

HR Digest

APRIL 13, 2023

In this article, we explore the importance of managing employee compensation and benefits and offer some tips on how organizations can promote pay equity effectively. Another way to manage compensation is to offer performance-based incentives such as monetary rewards, bonuses, commissions, and profit-sharing plans.

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Employee Compensation Profit Sharing Plan Retirement Plan Commissions 64

Vantage Circle

SEPTEMBER 16, 2021

In this article, I will walk you through the basics of ESOPs and how they work. ESOP plan (employee stock ownership plan) is a form of employee compensation that provides employees with an equity stake in the company. It is also referred to as an employee stock option plan (ESOP) or an employee stock purchase plan (ESPP).

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401(k) Employee Stock Option Profit Sharing Plan Taxes 52

Vantage Circle

SEPTEMBER 26, 2021

A phantom stock, also known as “shadow stock” or “ghost shares”, gives employees the opportunity to share in the wealth and success of the company. Companies do this by providing employees with a stake in the company's stock as well as a retirement plan to ensure they have enough money later on in life. Let's get started!

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Vantage Circle

JULY 13, 2021

In this article, you will learn: What are your employees looking for through their Total Rewards Strategy. Some non-monetary rewards include opportunities to learn and grow, extra time off, profit-sharing plans , wellness memberships, etc. This Glassdoor article tells us about the most valued benefits by employees.

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Business Management Daily

MAY 5, 2022

Fewer employees are covered by traditionally defined benefit plans. DB plans are retirement plans. The plan sponsor, most likely the employer, bears all the investment risk and pays you a fixed amount every month until you die. The undisputed fact is, however, 401(k) plans have morphed into retirement plans.

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