What are the advantages of employee stock ownership plans? What will be an ideal response? What are the advantages and disadvantages of a person-focused pay plan? What is ERISA? What is the difference between a defined benefits plan and a defined contri...
Our employee benefits attorneys represent multi-billion-dollar ERISA trust funds, including many multi-employer pension plans and health and welfare plans, including vacation and training funds. We make sure all documents are legally correct, employers are making proper contributions and that complex lab...
What are the benefits to a company from including a call provision? What are the cost? Call Provision: A call provision refers to an option that grants the bond issuer to the right to buy back part or all the bonds issued before maturity. In a situation where th...
Allocated Benefits and ERISA Allocated benefits provide the employees who participate in that plan with an added level of security and stability. Because the benefits that have been purchased are paid up, the employees can rest assured that they will receive those benefits even if their former empl...
Whether you’re required by law to name a spouse on certain retirement accounts (for retirement accounts governed by the Employee Retirement Income Security Act (ERISA), like 401(k) plans, SEP plans, SIMPLE IRAs and pension plans, spouses must be informed if they are not named as a primary...
Federal regulations for retirement plans— Since in transferring ownership of your company to your employees in this way, you are in essence creating a defined contribution retirement plan governed by the Employee Retirement Income and Security Act of 1974 (ERISA), it’s critical that you are comp...
Glenn , federal courts are faced with increasing discovery requests, and related motion-practice, in ERISA benefits cases. This article analyzes the types of requests courts now frequently face and discusses whether expanding ERISA discovery actually serves the public's interest and whether the ...
How Portable Benefits Work Over the years, significant progress has occurred in making employee benefits more portable. Portable benefits mean that the benefits are attached to the individual employee, instead of the employer. The portability allows individuals to take these benefits with them when the...
ERISA could possibly become a practice's best friend! Practices are in the dark when it comes to understanding how to protect their rights in collecting the monies owed them. ERISA regulates the practice's health benefits, health benefit payments, explanations of benefits, and most importantly, ...
Although FSAs can be a great addition to any employee benefits package, there are a few limitations. For example, a healthcare FSA is considered a group health plan, which is subject to several federal laws. “For instance, the Employee Retirement Income Security Act (ERISA) and the Internal...