Severance plans subject to the Employee Retirement Income Security Act of 1974, as amended (“ERISA”) must satisfy certain compliance requirements, but federal law affords employers significant advantages in the event a...more
Since we last discussed environmental, social, and corporate governance (“ESG”) developments in the context of ERISA retirement plans, ESG litigation has taken a rather unexpected turn. Although the plan lineup in Spence v....more
3/7/2025
/ Corporate Governance ,
Duty of Loyalty ,
Employee Benefits ,
Employer Liability Issues ,
Environmental Social & Governance (ESG) ,
ERISA Litigation ,
Fiduciary Duty ,
Investment ,
Investment Management ,
Pension Funds ,
Pensions ,
Popular ,
Retirement Plan
On August 28, the IRS issued IR-2024-227, reminding employers of the following key aspects of educational assistance programs under Internal Revenue Code Section 127:
-They can be used to help reimburse the costs of or...more
9/13/2024
/ Benefit Plan Sponsors ,
Department of Education ,
Educational Assistance Programs ,
Employee Benefits ,
Employer Liability Issues ,
Fringe Benefits ,
Internal Revenue Code (IRC) ,
IRS ,
Regulatory Requirements ,
Student Loans ,
Tuition
Last month, the IRS extended the deadline for retirement plan sponsors to adopt amendments necessary to comply with the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) and the Bipartisan...more