Benefits Notes

AUGUST 29, 2023

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.

401(k) 52

401(k) Retirement Plan Executive Compensation Taxes 52

Business Management Daily

NOVEMBER 12, 2019

According to our tally, you’ll probably be crossing paths with Accounts Payable, Benefits, HR and the executive compensation committee. Executive compensation committee: 20% excise tax on golden parachute payments, income from the exercise of nonstatutory stock options and nonqualified deferred compensation.

roth 401(k) 8

roth 401(k) 401(k) Payroll Executive Compensation 8

Proskauer's Employee Benefits & Executive Compensa

FEBRUARY 18, 2022

David Teigman: Hello and welcome to The Proskauer Benefits Brief: Legal Insight on Employee Benefits and Executive Compensation. Stay tuned for more insights on employee benefits and executive compensation, and be sure to follow us on Apple Podcasts, Google Podcasts and Spotify.

Employee Retention 52

Employee Retention Bonuses Executive Compensation Consulting 52

Proskauer's Employee Benefits & Executive Compensa

NOVEMBER 2, 2022

A decision not to claw back compensation is required to be disclosed and is subject to review by the exchange. Proskauer’s Employee Benefits and Executive Compensation team is advising issuers on implementation of new clawback policies and updating existing clawback policies to comply with the listing standards as they are finalized.

Executive Compensation 52

Executive Compensation Incentive Compensation Retirement Plan Taxes 52

Proskauer's Employee Benefits & Executive Compensa

JULY 27, 2022

The “golden parachute” excise tax regime under Internal Revenue Code Sections 280G and 4999 (“Section 280G” and “Section 4999”, respectively) is at the core of both public and private U.S.-based compensation tax deduction. When Do the Golden Parachute Tax Provisions Apply? Background. based transactions. corporations.

Deductions 52

Deductions Deductible Taxes Employee Compensation 52

McDermott Will & Emery Employee Benefits

MARCH 1, 2024

The Internal Revenue Service (IRS) has announced plans to initiate dozens of new audits this spring in an attempt to ground high-flying taxpayers and their personal usage of corporate aircrafts. These audits will focus primarily on “highest-risk” corporations and large partnerships, IRS Commissioner Danny Werfel stated.

Employee Benefits 105

Employee Benefits Executive Compensation Taxes 105

Snell & Wilmer Benefits

MAY 17, 2022

Other Issues: Repricings and exchanges implicate a number of other complex issues including, without limitation, tax issues, securities law issues (including tender offer issues), and accounting issues.

Consulting 58

Consulting Taxes Technology Executive Compensation 58

McDermott Will & Emery Employee Benefits

SEPTEMBER 21, 2022

The Internal Revenue Service (IRS) recently issued needed relief to extend some amendment deadlines for non-governmental qualified retirement plans and 403(b) plans, and for individual retirement accounts (IRAs) under the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act), the Bipartisan American Miners Act of 2019 (Miners (..)

Retirement Plan 98

Retirement Plan IT Employee Benefits Executive Compensation 98

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

Snell & Wilmer Benefits

AUGUST 13, 2021

While it may not provide new information for individuals that regularly practice in this space, it will almost certainly be a good initial read for those that are not familiar with Section 409A of the Code or for those that do not regularly work with deferred compensation programs.

Deductions 40

Deductions Deductible Taxes Executive Compensation 40

HR Management Activities

AUGUST 1, 2023

Many organizations, especially large ones, administer executive compensation somewhat differently than compensation for lower-level employees. An executive typically is someone in the top two levels of an organization, such as Chief Executive Officer (CEO), President, or Senior Vice-President.

Executive Compensation 52

Executive Compensation Bonuses Taxes Salary 52

Higginbotham

JULY 23, 2024

Key Person Insurance The untimely loss of a top executive or critical team member could severely disrupt business operations and adversely impact revenue streams. The policy’s death benefit, which is typically tax-free and available shortly after the key person’s passing, can provide essential capital.

Life Insurance 52

Life Insurance Insurance Executive Compensation Taxes 52

Benefits Notes

MARCH 31, 2021

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. The subsidy is tax-free to the individual receiving the subsidy. Tax Credit. Below is a summary of the ARPA’s COBRA subsidy provisions. Changes to Code Section 162(m).

Family and Medical Leave Act 40

Family and Medical Leave Act Employee Benefits Taxes Pension 40