In today’s hypercompetitive business environment, non-public companies are always looking for effective and creative ways of attracting, retaining, and incentivizing their key employees. For many non-public companies, the perfect solution is a phantom equity arrangement (also known as a contract Continue Reading
Employee Relations Law Journal | Final Regulations Provide Employers with More Flexibility in Offering HRAs to Employees
The Departments of Treasury, Labor, and Health and Human Services have jointly issued final regulations (the Final Regulations) providing employers with greater flexibility in offering health reimbursement arrangements (HRAs) to employees. Specifically, employers will be able to offer employees an Continue Reading
Employee Relations Law Journal | It’s Time to Start Talking About Annuities in 401(k) Plans
When an employee retires, he or she typically has three sources of income to draw upon: personal savings, Social Security, and a retirement plan (typically a 401(k) plan). These income sources are subject to certain risks. There is “longevity risk,” i.e., the risk that the retiree will outlive his Continue Reading
Employee Relations Law Journal | Proposed Regulations Provide Employers with More Flexibility in Offering HRAs to Employees
The Departments of Treasury, Labor, and Health and Human Services jointly issued proposed regulations (the “Proposed Regulations”) providing employers with greater flexibility in offering health reimbursement arrangements (“HRAs”) to employees. Importantly, if the Proposed Regulations are finalized Continue Reading
Employee Relations Law Journal | Sacerdote v. NYU: Lessons for Plan Fiduciaries
Over the last few years lawsuits have been filed against approximately 20 university retirement plans. Typically, the lawsuits allege that plan fiduciaries breached their duties by offering poorly performing funds and allowing their plans to pay excessive fees. Defendants include: Among these Continue Reading