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 American Miners Act of 2019
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2025 Is the New 2022: IRS Extends Deadline to Adopt SECURE Act Amendments and CARES ACT Waiver of 2020 RMDs Amendment
On August 3, 2022, the IRS released Notice 2022-33, which extends the deadline for plans to adopt:
- all SECURE Act[1] amendments, optional or required (a summary of SECURE Act changes can be found here);
- CARES Act[2]
…
DOL Proposes Amendments to QPAM Exemption
On July 27, 2022, the Department of Labor (DOL) proposed a set of amendments to Prohibited Transaction Class Exemption 84-14, the so-called “QPAM Exemption,” which permits an investment fund[1] holding assets of ERISA plans and IRAs that is managed…
Should You Be Paying Overtime to Your Office Staff?
Office workers who perform receptionist, secretarial, and other administrative tasks often are incorrectly classified as exempt from overtime pay because they receive a salary and have job titles such as “executive assistant.” However, such employees will not necessarily be found…
Double Check: COVID-19 Policy
While in March of 2020, I believe many individuals hoped that by July of 2022 we would no longer be concerned with COVID-19 Policies, such, unfortunately, is not the case. Yesterday, the EEOC updated its long-standing guidance, What You Should…
Agencies Heed President’s Call to Take Action to Protect Access to Sexual and Reproductive Health Care Post-Dobbs
What Employers Need to Know About Access to Reproductive Care After Dobbs
The United States Supreme Court’s decision in Dobbs v. Jackson Women’s Health Organization, No. 19-1392 (June 24, 2022) overturning Roe v. Wade and Planned Parenthood v. Casey, has led to a host of different responses from employers across the…
Health Plans: PCORI Fee Is Due August 1, 2022
What is the PCORI Fee? The Affordable Care Act created a non-profit corporation, the Patient-Centered Outcomes Research Institute (“PCORI”), to conduct research to help individuals, providers, and policymakers make better healthcare choices by advancing comparative clinical effectiveness research. PCORI is…
How to Break Up With An Employee: 10 Tips for Avoiding Claims and Liability
As with other types of relationships, breaking up with an employee is seldom easy. And employee terminations result in more lawsuits than any other employment action. Employers should keep the following 10 tips in mind when handling employee terminations in…