When the IRS published proposed regulations harmonizing key provisions of Code Sections 409A and 457(f) in 2016, executive compensation lawyers and consultants rejoiced. It was not just that a long wait was over (roughly nine years from the publication of
Verrill Dana, LLP
Verrill Dana is a full service law firm with more than 130 attorneys and a growing number of service-based practice groups. The firm has a regional presence in the Northeast, with offices from Maine to Washington, D.C., allowing us to serve clients with interests across the country and around the world. Through scalable staffing, careful communication and skillful project management, Verrill Dana helps individuals and businesses achieve their goals in a manner that suits their unique legal needs and preferred work methods.
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Latest from Verrill Dana, LLP - Page 2
Key Takeaways for Maine Employers from DOL Final Rule Increasing Salary Thresholds for Exempt Employees
The U.S. Department of Labor recently issued a final rule that would increase the required salary thresholds for employees to be exempt from overtime requirements under the Fair Labor Standards Act (FLSA). The increases to salary thresholds are significant and…
Why Is There No IRS Correction Program for Non-Governmental 457(b) Plans?
HR Power Hour with Vicky Oliver
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to Vicky Oliver. This episode discusses why women have left the workplace and ways in which employers can attract women back. Vicky Oliver is the…
RxDC Reporting in Light of June 1, 2024 Deadline and Recent PBM Litigation
Under the Consolidated Appropriations Act of 2021 (“CAA”), employer-sponsored group health plans, including medical-only plans, must submit information about their prescription drugs and health care spending.[1] This submission is often referred to as the Prescription Drug Data Collection report,…
Health and Welfare Benefit Plan Fiduciary Governance in the Wake of the Johnson & Johnson Lawsuit
For the past few years, we have encouraged plan sponsors to focus on matters of fiduciary governance for their health and welfare benefit plans (see our 2021 blog post). Yet many plan sponsors overlook the fact that the…
Updated Postings for Maine Employers
Employers in the State of Maine with fifty (50) or more employees should be mindful that the Maine Bureau of Labor has updated its poster for Veterans Benefits and Services. The poster is required for Maine employers with fifty (50)…
HR Power Hour with Linda Riddell
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to Linda Riddell. This episode discuses in-work poverty, its challenges and how to aid employees in breaking down barriers that stand in the way of…
Retirement Plans: What Categories of Employees may be Excluded?
We are often asked about the permissibility of excluding certain categories of employees from participating in an employer’s tax-qualified retirement plan.[1] This post provides a high-level summary of what is and is not permitted.
- Excludable by Statute. Certain categories
…
HR Power Hour with Dr. Anna Marie Frank
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to Dr. Anna Marie Frank. This episode discusses how COVID has changed the way people work as well as how small changes in cognitive health…