Seyfarth Synopsis: Last Tuesday, the U.S. Department of Labor (DOL) granted relief for a number of deadlines related to the administration of employee benefit plans, including furnishing notices and disclosures to plan...more
Seyfarth Synopsis: The IRS has announced a program that allows employees to donate the value of their vacation, sick time, or other paid time off (“PTO”) for the relief of victims of Hurricane or Tropical Storm Harvey. ...more
9/6/2017
/ 401k ,
Disaster Aid ,
Donations ,
Employee Benefits ,
Hardship Distributions ,
Hurricane Harvey ,
IRS ,
Natural Disasters ,
Paid Leave ,
Paid Time Off (PTO) ,
Retirement Plan ,
Sick Leave ,
Vacation Pay ,
Wage and Hour
On July 9, 2015, the IRS announced that it intends to amend the required minimum distribution regulations under Section 401(a)(9) of the Internal Revenue Code to prohibit plans from offering voluntary lump-sum cashouts to...more