INSIGHTS


 
Time for a Tune-Up? Several New Reasons Employers Should Self-Audit Retirement Plans

What does a retirement plan self-audit have in common with routine auto maintenance? You really should not put it off until later! There is a big financial benefit to employers who find and fix their plan problems before the IRS and DOL do!

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Gretchen Harders
The Do’s and Don’ts for Setting Up Emergency Savings Accounts

SECURE 2.0 allows non-highly compensated employees to contribute to emergency savings accounts. The IRS and the Department of Labor have now issued guidance clarifying the rules.

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Crossing the Delaware River: Are Non-Competes in New York Executive Contracts and Equity Awards Enforceable?* New Laws and Court Decisions Muddy the Waters

When a New York employer tries to enforce a Non-Compete agreement under Delaware law, beware!  The waters on the Delaware river just got rougher!

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Could Have, or Would Have, that is the ERISA Question

Plaintiffs want a retrial to change a jury’s determination that there were no damages from a fiduciary breach involving Yale’s retirement plan. The DOL supports them. Which standard applies?.

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Webinar: Retirement Plan Options for Small Businesses

The webinar will discuss state retirement savings plan mandates, employer-sponsored plan options that can provide larger benefits than state programs, and tax incentives available to small businesses adopting new plans.

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Sandra Cohen
Mandatory Auto-Enrollment is Coming for Some Plans-What to Know

Most new plans will be required to have auto-enrollment and auto-escalation beginning in 2025. The “grab bag” guidance in Notice 2024-02 addresses how this requirement will be applied to mergers and spinoffs, but leaves other basic questions unanswered.

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New Guidance Fills in the Blanks for Roth Employer Contributions

Clarification of the rules for electing Roth employer contributions should spur more plan sponsors and vendors to consider allowing them.

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Cohen & Buckmann Expands – Welcomes Brett Good

Cohen & Buckmann, P.C. is pleased to announce that Brett Good has joined Cohen & Buckmann as Senior Counsel expanding the Firm’s experienced legal team in the area of Executive Compensation.

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Sandra Cohen