Employee Benefits

JANUARY 26, 2024

Employers have continued to increase the role of environmental, social and governance (ESG) measures in executive pay and incentive programmes, across markets according to a global study by Willis Towers Watson (WTW). The post Employers increase ESG measures in executive pay programmes appeared first on Employee Benefits.

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McDermott Will & Emery Employee Benefits

APRIL 30, 2024

The Final Rule, slated for publication in the Federal Register, provides that employers’ use of noncompete agreements amounts to an “unfair method of competition” that runs afoul […] The post FTC Issues Rule Banning Worker Noncompete Agreements appeared first on EMPLOYEE BENEFITS BLOG.

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Proskauer's Employee Benefits & Executive Compensa

DECEMBER 21, 2021

Many multiemployer plans and their participants, contributing employers and unions certainly hope so, as they eagerly anticipate the issuance of a Pension Benefit Guaranty Corporation (“PBGC”) final rule that may answer the question for them. Fast forwarding to the year 2022, will it be a happy new year?

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McDermott Will & Emery Employee Benefits

MAY 31, 2022

On January 15, 2022, the New York City Council enacted Local Law 32 of 2022 (Wage Transparency Law or Law) to amend the New York City Human Rights Law (NYCHRL) to require that most employers include compensation data in their job advertisements. The Law was supposed to take effect on May 15, 2022, however, it […].

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Employee Benefits

JULY 25, 2024

Amend will have responsibility for the firm’s human resources strategy and processes, including talent lifecycle and acquisition talent management and development, diversity, equity, and inclusion, employee engagement , and workforce planning. Amend worked as a member of Dana’s Law Department from 1998 to 2006.

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McDermott Will & Emery Employee Benefits

DECEMBER 8, 2022

Effective January 1, 2023, Washington employers must comply with SB 5761, commonly known as Washington’s Pay Transparency Law, signed by Governor Jay Inslee on March 30, 2022. The post Washington State’s Pay Transparency Law Takes Effect January 1, 2023 appeared first on EMPLOYEE BENEFITS BLOG.

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Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 17, 2022

Rumeld: Welcome to The Proskauer Benefits Brief: Legal Insight on Employee Benefits and Executive Compensation. Dudenhoeffer, which set forth pleading standards for employer stock drop claims. Now Dudenhoeffer dealt with an employer stop lawsuit, which is a different ball of wax.

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McDermott Will & Emery Employee Benefits

APRIL 6, 2022

The post Inflation and ERISA Penalties: Hand in Hand for 2022 appeared first on EMPLOYEE BENEFITS BLOG. The increased penalties generally apply to reporting and disclosure failures if the penalty is assessed after January 15, 2022, and if the violation occurred after […].

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McDermott Will & Emery Employee Benefits

OCTOBER 12, 2022

The post Save It for a Rainy Day Part 2: IRS Announces Additional Plan Amendment Extensions appeared first on EMPLOYEE BENEFITS BLOG. The extensions included many of the amendment deadlines under the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE […].

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McDermott Will & Emery Employee Benefits

JULY 26, 2022

The post Seattle Payroll Expense Tax Upheld by State Appellate Court appeared first on EMPLOYEE BENEFITS BLOG. June 21, 2022). The tax, which went into effect on January 1, 2021, […].

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Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 18, 2022

Tune in as we discuss what employers can do to help retain employees in this working environment. David Teigman: Hello and welcome to The Proskauer Benefits Brief: Legal Insight on Employee Benefits and Executive Compensation. David Teigman: Today, I wanted to talk about employee retention.

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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 contains several new rules which impact COBRA benefits. The ARPA increases the cap on dependent care assistance benefits. Subsidized COBRA.

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Empuls

SEPTEMBER 20, 2024

This approach aligns employee interests with the company's profitability and serves as an incentive for increased engagement and productivity. Goldman Sachs went further, permitting its top UK traders and dealmakers to earn bonuses up to 25 times their base salary, though this may result in lower fixed pay for some employees.

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McDermott Will & Emery Employee Benefits

APRIL 19, 2022

The post Restrictive Covenants Evolve from Common Law to Statutory Regulation: The 2022 Watershed appeared first on EMPLOYEE BENEFITS BLOG. Unlike state statutes regulating trade secrets (which largely follow the Uniform […].

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Proskauer's Employee Benefits & Executive Compensa

AUGUST 3, 2021

ROBERT PROJANSKY : Hello and welcome to the Proskauer Benefits Brief: Legal Insights on Employee Benefits and Executive Compensation. So for example, the PBGC is restricting the ability to increase plan benefits or to decrease contribution rates. Thank you for joining us today on Proskauer Benefits Brief.

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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.

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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.

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Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 13, 2021

Be sure to listen as Rob Projansky and Justin Alex cover the special rules that apply to plans that receive the assistance and other details including how the program impacts withdrawal liability for employers. ROB PROJANSKY: Hello and welcome to the Proskauer Benefits Brief: Legal Insights on Employee Benefits and Executive Compensation.

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Snell & Wilmer Benefits

APRIL 9, 2024

When drafting a deferred compensation plan or agreement for a key employee (a “top hat plan”), the focus is almost always on the terms of the plan. In the process, many employers miss a crucial step—filing the top hat statement under ERISA. This is the same program that employers use to correct missing or late Forms 5500.

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Proskauer's Employee Benefits & Executive Compensa

SEPTEMBER 19, 2023

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

Employment 52

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Snell & Wilmer Benefits

JANUARY 30, 2023

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.

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Proskauer's Employee Benefits & Executive Compensa

JULY 14, 2022

The plaintiff’s employment was terminated without cause, and she exercised her vested options. To these ends, call rights are typically triggered upon the termination of an executive’s employment. during the six (6) month period following (x) the … Termination of such Participant’s employment . . .

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Snell & Wilmer Benefits

FEBRUARY 21, 2023

Plaintiff Harrison is a former employee of defendant Envision Management Holding, Inc. When drafting or amending ERISA plan documents, the inclusion of, and extent of, a mandatory arbitration clause should be something to consider. Envision”). Envision hired Argent Trust Company to serve as the Trustee of the ESOP and manage the sale.

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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.

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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.

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Snell & Wilmer Benefits

JANUARY 30, 2023

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 40

Electronics Employment Executive Compensation Employee Benefits 40

Snell & Wilmer Benefits

FEBRUARY 21, 2023

Plaintiff Harrison is a former employee of defendant Envision Management Holding, Inc. When drafting or amending ERISA plan documents, the inclusion of, and extent of, a mandatory arbitration clause should be something to consider. Envision”). Envision hired Argent Trust Company to serve as the Trustee of the ESOP and manage the sale.

Executive Compensation 40

Executive Compensation Employment Management Employee Benefits 40

Snell & Wilmer Benefits

AUGUST 13, 2021

Among other key concepts, the Guide touches on: (i) the complicated FICA tax rules that can be implicated by deferred compensation arrangements (and rules, in our experience, that some plan sponsors are not familiar with), (ii) the “funding” concepts that can apply to deferred compensation arrangements, (iii) the timing of the employer deduction for (..)

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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.

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McDermott Will & Emery Employee Benefits

JUNE 1, 2022

This state-by-state rulemaking will cause some difficulty for employer plans, and employers are increasingly exploring […]. The post Employers Explore Abortion Coverage Continuation appeared first on EMPLOYEE BENEFITS BLOG.

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Proskauer's Employee Benefits & Executive Compensa

MAY 18, 2022

In this episode of The Proskauer Benefits Brief, partner David Teigman , senior counsel Nick LaSpina , and special international labor & employment counsel Nicola Bartholomew , discuss differences between asset sales in the US and the UK, with respect to transfers of employees. Listen to the podcast. .

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Vantage Circle

MAY 29, 2023

So, let's delve deep on how you can cultivate a culture of people sustainability that nurtures growth and development for you and your employees. By prioritizing our employees' physical and mental well-being, we can create a sustainable workplace that benefits everyone involved.

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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?

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