Mergers and acquisitions among private companies always present a range of HR challenges, especially in light of Covid-19. Many of those issues revolve around benefits. Here are the most common that organizations typically...more
12/8/2020
/ 401k ,
COBRA ,
Compensation & Benefits ,
Coronavirus/COVID-19 ,
Families First Coronavirus Response Act (FFCRA) ,
Family Medical Leave ,
Furloughs ,
Hiring & Firing ,
Human Resources Professionals ,
Merger Agreements ,
Paycheck Protection Program (PPP) ,
Privately Held Corporations ,
Representations and Warranties ,
Retirement Plan
On August 8, President Trump issued a Memorandum directing the Treasury Department to permit employers to defer the withholding of employees’ social security and railroad retirement taxes through December 31, 2020. On August...more
On June 29, the U.S. Department of Labor (DOL) again waded into the financial services standard of care waters, only this time, it is staying in the shallow end. The DOL’s proposed prohibited transaction exemption (Proposed...more
7/17/2020
/ Best Interest Standard ,
Business Conduct Standards ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Exemptions ,
Fiduciary Duty ,
Individual Retirement Account (IRA) ,
Investment Adviser ,
Reasonable Compensation ,
Recordkeeping Requirements ,
Retirement Plan
The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides sponsors of 401(k) and other tax-qualified retirement plans with tools to give their employees who are affected by COVID-19 greater access to their...more
7/1/2020
/ 401k ,
CARES Act ,
Coronavirus/COVID-19 ,
Deferred Compensation ,
Distribution Rules ,
New Guidance ,
Pay Reductions ,
Plan Administrators ,
Qualified Retirement Plans ,
Repayment Options ,
Reporting Requirements ,
Section 409A ,
Tax Penalties
Women are only half as likely as men to have a sponsor, according to Sylvia Ann Hewitt, author of the book (Forget a Mentor) Find a Sponsor, leaving many women without one of the key components of a successful legal career...more
The impact of the COVID-19 pandemic on the business community is unprecedented. Every company and executive is questioning the effects the disease will have on their business, employees, customers, and local and global...more
The Coronavirus Aid, Relief, and Economic Security (CARES) Act allows employers to defer the employer’s portion of the Social Security payroll tax (6.2 percent) (and certain railroad retirement taxes) on wages paid from March...more
On March 18, the U.S. Senate passed, and President Trump quickly signed, H.R. 6201–the Families First Coronavirus Response Act.
H.R. 6201 contains a number of provisions designed to address the coronavirus (COVID-19)...more
3/24/2020
/ Coronavirus/COVID-19 ,
EFMLA ,
EPSLA ,
Families First Coronavirus Response Act (FFCRA) ,
Family and Medical Leave Act (FMLA) ,
New Legislation ,
Relief Measures ,
Sick Leave ,
Sick Pay ,
Tax Credits ,
Unemployment Insurance ,
Virus Testing
On March 11, 2020, the Internal Revenue Service (IRS) issued Notice 2020-15 to clear up concerns about whether high-deductible health plans (HDHP) could cover all costs for testing and treatment of 2019 Novel Coronavirus...more