As previewed in our previous blog post, the Securities and Exchange Commission (SEC) hosted a roundtable on executive compensation disclosure on June 26, with panelists considering whether and to what extent the current executive compensation disclosure requirements for public
Employee Benefits
Reporting developments affecting employee benefits and executive compensation
The Employee Benefits blog published by Troutman Pepper Locke focuses on legal developments and regulatory updates affecting employee benefit plans and executive compensation. Topics include changes to retirement plan contribution limits, ERISA preemption issues in litigation involving out-of-network providers, fiduciary duties and governance requirements for plan sponsors, and compliance with new state laws impacting employee bonuses and repayment obligations. The blog also covers IRS announcements on cost-of-living adjustments for qualified plans, health savings accounts, and flexible spending accounts. It provides guidance on practical steps employers and plan sponsors should take to adapt to evolving legal requirements and court decisions in the employee benefits arena.
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Executive Compensation Disclosures Are Back on the (Round)table at the SEC
The SEC announced on May 16 that it will host a roundtable discussion with representatives from public companies, compensation consultants, lawyers, investors, and other stakeholders on the topic of executive compensation programs and the related disclosures required in public company…
ESG Investing in 401(k) Plans – More Rule Changes on the Way
In our recent client alert, “Texas Federal Court Allows an ERISA Fiduciary Challenge Against Alleged “ESG Investing” Without Any ESG Funds,” we reported that a Texas district court recently upheld Biden-administration Department of Labor (DOL) rules permitting environmental,…
Navigating Legal Strategies for Covering GLP-1s in Self-Insured Medical Plans
In this episode of Troutman Pepper Locke’s Employee Benefits and Executive Compensation podcast, hosts Lydia Parker and Lynne Wakefield explore the complex legal landscape surrounding the coverage of GLP-1s prescribed for weight loss purposes within self-insured medical plans. As these…
Feeling Competitive: The Reasonableness of Forfeiture-for-Competition Provisions
Though the FTC’s noncompete ban has since fizzled out, the commotion around noncompetes also led to conversations about “forfeiture-for-competition” clauses — a similar, but distinct type of agreement.…
IRS Issues Proposed Regulations on the Expanded Definition of “Covered Employee” Under Code Section 162(m)
On January 16, the Internal Revenue Service (IRS) published proposed regulations (90 FR 4691) under Section 162(m) of the Internal Revenue Code. Section 162(m) generally limits the deductibility of compensation paid in any tax year to covered employees of a…
Executive Compensation in Mergers and Acquisitions
In this installment of our Employee Benefits and Executive Compensation Considerations in Mergers and Acquisitions podcast series, Partners Jeffery Banish and Joshua Gelfand discuss many of the complex issues surrounding employee benefits and executive compensation in M&A transactions. They cover key concerns,…
IRS Announces 2025 Retirement Plan Limits: Modest Increases
The Internal Revenue Service announced the 2025 cost-of-living adjustments to the dollar limitations for qualified retirement plans and other benefits, and the Social Security Administration announced its own cost-of-living adjustments for 2025. Most of the dollar limits, including the elective…
Current Executive Compensation Trends in Private Equity Transactions
In this installment of our Employee Benefits and Executive Compensation Considerations in Mergers and Acquisitions podcast series, Troutman Pepper Partners Joshua Gelfand and Michael Crumbock discuss current executive compensation trends and issues in the private equity M&A space, including employment…
Regulatory Uncertainty: Benefits-Related Legal Challenges in a Post-Chevron World
In this installment of our Employee Benefits and Executive Compensation Considerations in Mergers and Acquisitions podcast series, Troutman Pepper Partners Jim Earle, Lynne Wakefield, and Lydia Parker discuss the impact of the Supreme Court’s decision in Loper Bright Enterprises v.…