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Subscribe to McDermott Will & Emery's PostsIRS Announces HSA Contribution Limit Increase for 2018
By Jacob Mattinson, Megan Mardy and McDermott Will & Emery on May 1, 2018
Posted In Employee Benefits, Health and Welfare Plans
On April 26, 2018, the Internal Revenue Service (IRS) increased the 2018 maximum deductible Health Savings Account (HSA) contribution for taxpayers with family coverage under a High Deductible Health Plan (HDHP) to $6,900. The $6,900 contribution limit for 2018 was originally published in Revenue Procedure 2017-37, but was reduced earlier this year by $50 to...
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San Francisco Health Care Security Ordinance Annual Reporting Due April 30
By McDermott Will & Emery on Apr 19, 2018
Posted In Employment, Health and Welfare Plans
If an employer has employees in San Francisco and is subject to the Health Care Security Ordinance (HCSO), the employer must submit its 2017 Annual Reporting Form by April 30, 2018. Failure to timely submit a report could expose employers to penalties of up to $500 per quarter. To begin, obtain your company’s San Francisco business identification...
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ESOP Litigation Trends: Department of Labor Voids Fiduciary Indemnification Agreements to Reach Settlements
By McDermott Will & Emery, Allison Wilkerson, J. Christian Nemeth and McDermott Will & Emery on Apr 12, 2018
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues
The US Department of Labor has taken the position that certain indemnification clauses are void against public policy under Section 410 of ERISA. This policy has been adopted by private plaintiff classes; as evident from a recent settlement, a policy that voids indemnity provisions can limit defense budgets, make settlements more likely and potentially create...
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LIVE WEBINAR | Employee Benefits and Employment Integration: How to Handle Transactions Without Losing Your Workforce
By McDermott Will & Emery and McDermott Will & Emery on Mar 22, 2018
Posted In Employee Benefits, Employment, Health and Welfare Plans, Retirement Plans
Avoid the culture wars and legal issues post-transaction. Join our lawyers Kristin E. Michaels, Maureen O’Brien and moderator Judith Wethall for a discussion of how to best integrate employees and employee benefit plans after a transaction. Register Today.
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Update on Tax Reform’s Impact on Fringe Benefits
By Anthony A. Bongiorno and McDermott Will & Emery on Feb 20, 2018
Posted In Employee Benefits, Health and Welfare Plans
Partners Judith Wethall and Finn Pressly discuss the impact of tax reform on popular fringe benefit programs including relocation costs and pre-tax transportation programs. Access our Tax Reform Resource Center for more of our Tax Takes video series, along with other strategies and tools that will continue to help you lead your organization through the opportunities and risks brought about by...
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Live Webinar: Tax Reform and Your Employee Benefit Plans
By Anthony A. Bongiorno and McDermott Will & Emery on Jan 30, 2018
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Employment, Health and Welfare Plans
The Tax Cuts and Jobs Act of 2017 was signed into law last year. From biking benefits to leave tax credits, we’ll discuss the employee benefit provisions and strategies for compliance, as well as opportunities your company won’t want to miss! Join the McDermott team on Friday, February 2 for a discussion of how the...
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Settling the Standard for Prudence? Fall Brings New Guidance for ESOP Trustees
By McDermott Will & Emery, Allison Wilkerson, J. Christian Nemeth and McDermott Will & Emery on Dec 5, 2017
Posted In Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Retirement Plans
Through a series of recent settlements, the US Department of Labor has outlined the process steps fiduciaries should follow in connection with a transaction involving a purchase from, or sale to, an employee stock ownership plan. Continue Reading.
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2017 Farewell (Or, What Am I Forgetting This Year-End?)
By McDermott Will & Emery on Oct 25, 2017
Posted In Employee Benefits, Employment, Executive Compensation, Health and Welfare Plans, Retirement Plans
With only two months left in the year, it’s time to make sure your-end tickler list is complete! Join us for a roundtable discussion with McDermott partners Judith Wethall, Finn Pressly, Andrew Liazos, Diane Morgenthaler and Jeff Holdvogt which will cover the employee benefit issues you’ll need to cross off your list before Year’s Eve....
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Fridays with Benefits — Open Enrollment: Last Minute Check-Up
By McDermott Will & Emery on Sep 28, 2017
Posted In Employee Benefits, Employment, Health and Welfare Plans
Anxious about open enrollment? Join McDermott lawyers Judith Wethall and Finn Pressly for a rundown of the top 10 issues to watch as you prepare for the 2018 plan year, including mandatory notices, electronic disclosure, and trends in ERISA litigation. Register Here Date Friday October 6, 2017 Time 10:00 am – 10:40 am PDT 11:00 am – 11:40 am...
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The Quandary of Publicly-Traded Employer Stock in a 401(k) Plan
By McDermott Will & Emery on Jun 20, 2017
Posted In Benefit Controversies, Employee Benefits, Employee Stock Ownership Plans (ESOPs), Fiduciary and Investment Issues, Retirement Plans
Offering employer stock in a 401(k) plan investment lineup can seem like a win-win situation. It can enable employees to become company owners—real, skin-in-the-game, participants in their employer’s economic future—through a simple deferral election. The U.S. Supreme Court has even recognized the value of employer stock funds, confirming that Congress sought to encourage their creation...
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