This post summarizes the new distribution options, including penalty-free withdrawals, applicable to defined contribution plans under the SECURE 2.0 Act of 2022 (“SECURE 2.0”) and provides a timeline of their effective dates. The new options further evidence Congress’s growing appetite
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 8
HR Power Hour with Carol Bowser
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to John Robertson. This episode discusses ways in which companies can provide tools and resources for employees to manage conflict and de-escalate conflict at work.…
The End of the COVID-19 Emergency Declarations Raises Questions, but We’ve Got Answers
HR Power Hour with Dr. Keri Ohlrich
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to Dr. Keri Ohlrich. This episode discusses the tools companies can use to better manage the challenging elements of the hybrid work environment. Dr. Keri…
Alternatives for Sponsors of Defined Benefit Pension Plans
What’s Next: How to Respond to the National Labor Relations Board (NLRB) Current Policies Surrounding Confidentiality and Non-Disparagement Provisions
The Background: McLaren Macomb On February 21, 2023, the National Labor Relations Board (“the Board”) decided McLaren Macomb, a case where a hospital offered severance pay to eleven permanently furloughed employees in exchange for the employees agreeing to sign a…
HR Power Hour with Dr. Amy Wood
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to psychologist Dr. Amy Wood. This episode discusses ways that high performers can defy disruption and improve their focus. Dr. Wood is the author of…
HR Power Hour with Sabine Gedeon
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to Sabine Gedeon, Founder of She Leads Network and host of She Leads Now. This episode discusses how organizations can prepare the next generation of…
Proposed Regulations on How to Use Forfeiture Accounts: Helpful Guidance and a Great Reminder to Plan Sponsors
On February 27, 2023, the IRS published proposed regulations on the use of forfeitures in qualified retirement plans.[1] For defined contribution plans, the regulations provide welcome clarity on what forfeitures can be used for and the date by which…
HR Power Hour with Alan Casavant
On this episode of HR Power Hour, join Verrill attorney Tawny Alvarez as she talks to Alan Casavant, Mayor of Biddeford. This episode discusses how the city of Biddeford, Maine, as a public employer, moved to a four-day work week…