Earlier this month, the U.S. Supreme Court denied a request to review the First Circuit Court of Appeals decision in the Sun Capital Partners III, LP v. New England Teamsters and Trucking Industry Pension Fund case, thereby...
Read MoreThe Coronavirus Aid, Relief, and Economic Security (“CARES”) Act became law on March 27, 2020. The Act includes important provisions that impact employer sponsored benefit plans. Consistent with its name, the Act provides...
Read MoreMany recent college graduates find it difficult to make contributions to their employer’s 401(k) plan as they have significant student loan repayments which take precedence in their budget. By failing to make 401(k)...
Read MoreEmployers often want to provide extra benefits or security to key employees amidst the uncertainty caused by a change of control. These arrangements are often referred to as golden parachute payments because they help key...
Read MoreBy Eric Gregory Many employers provide incentives and rewards to employees to encourage participation in wellness programs: programs designed to improve employee health. In a recent IRS Chief Counsel Memorandum (CCM 201622031),...
Read MoreBy Roberta Granadier Even though penalties for failure to comply with ACA coverage requirements have been in force since January 1, 2014, there is still a good deal of confusion surrounding the requirement that all individuals...
Read MoreBy Roberta Granadier Even though penalties for failure to comply with ACA coverage requirements have been in force since January 1, 2014 for employers with 100 or more full-time equivalent employees and January 1, 2015 for...
Read MoreBy Cynthia Moore The Affordable Care Act (ACA) established new reporting requirements that apply to applicable large employers (with 50 or more full-time employees) and health coverage providers. Reporting begins in calendar...
Read MoreBy RobertaGranadier Many employers used to offer cash payments to employees who declined coverage under their group health plans. Cash opt-out payments were popular because employers saved money on health plan premiums or claims...
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