Category Archives: Tax Reform

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Complying with Hardship Withdrawal Rules Makes Retirement Plan Administration Easy (Well, Easier, Anyway)

Retirement
In a February 2018 article, my colleague Kathleen Dreyfus Bardunias encouraged retirement plan sponsors to implement annual “operational checkups” in order to ensure their plans were administered in compliance with the plan’s terms and applicable law. That article described various retirement plan administration errors that review might uncover, including: failing to timely deposit employee contributions, … Continue reading this entry

April 1, 2018 is Fast Approaching – Are Your Disability Claims Procedures Ready?

Disability
The Department of Labor issued the final disability claims regulations on December 16, 2016. These regulations are effective for all claims filed on or after April 1, 2018. The Department felt the update was needed to provide claimants a full and fair review, to promote fairness and accuracy, and to better protect participants.  The Department … Continue reading this entry

Happy 25th Birthday, FMLA! 25 Years Later – Where Are We Now?

FMLA
The Family and Medical Leave Act (FMLA) is celebrating its 25th anniversary this month. On February 5, 1993, President Bill Clinton signed the FMLA into law guaranteeing certain employees up to 12 unpaid weeks off of work a year to care for children or ill family members, or to recover from one’s own serious health … Continue reading this entry

Buyer Beware: I-9 Compliance in Mergers and Acquisitions

Mergers
With a new tax law and a booming American economy, mergers and acquisitions will occur at a busy pace in 2018.  In a prior post, we explained some of the employment authorization issues that may arise in such corporate transactions.  Here, we discuss another important issue that arises in mergers and acquisitions:  Form I-9 compliance.  … Continue reading this entry

Tax Reform and Employee Benefits – What You Need to Know Now

Tax
As you have probably heard by now, the recently enacted Tax Cuts and Jobs Act (the Tax Reform Act) made significant changes to the Internal Revenue Code. With regard to executive compensation, the Tax Reform Act made widely publicized changes impacting public companies and nonprofit entities.  The new law also made changes affecting employer-provided retirement, … Continue reading this entry