EXAMINING A RANGE OF EMPLOYEE BENEFITS
AND EXECUTIVE COMPENSATION ISSUES
Bloomberg BNA has just released the 2015 Cumulative Supplement to the fourth edition of the book “ERISA Class Exemptions,” co-authored by Employee Benefits partner Michael B. Richman and retired partner Donald J. Myers.
Most companies that consider going public evaluate their executive compensation programs and agreements prior to an initial public offering (IPO).
In late December of last year, US President Barack Obama signed the Protecting Americans from Tax Hikes (PATH) Act of 2015, which, among other things, retroactively increases the maximum monthly exclusion from income and wages for employer-provided mass transit expenses in 2015 to the same level as the exclusion for qualified parking expenses.
The Pension Benefit Guaranty Corporation (PBGC) introduced its Early Warning Program (EWP) in the early 1990s, but didn’t publish any guidelines or standards for the EWP until mid-2000, in Technical Update 00-3.
As the Department of Labor (the DOL) considers comments on its proposed changes to the definition of an “investment advice” fiduciary under ERISA, an open question has been whether Congress would take action to delay or block the rule.
On December 18, President Barack Obama signed the Consolidated Appropriations Act (the Act) , which includes a variety of tax extenders that we will address in a series of posts.
On November 16, the US Department of Labor (DOL) announced both a notice of proposed rulemaking and an interpretative bulletin aimed at providing more clarity to states attempting to solve (in the words of Secretary of Labor Thomas Perez) “a potential financial crisis [and] a critical economic issue for the nation.” The crisis, as reflected in a Government Accountability Office (GAO) report from September of this year, is that about half of private sector workers in the United States don’t have access to a retirement plan at work.
As we approach the end of 2015, it’s a good time for companies to review their equity compensation plans to see if any action items will be required for 2016.
Over the past year or so, the Department of Labor (DOL) has made a number of announcements expressing concerns about the quality of plan auditors and audits.