Employee Benefits Publications

Qualified Plan Compliance Just Got Easier: New Self-Correction Options For Tax-Qualified Retirement Plan Errors

  By: Davis|Kuelthau’s Labor and Employment Team On April 19, 2019, the IRS released new procedures for correcting qualified retirement plan errors under its Employee Plans Compliance Resolution System (EPCRS). In particular, Revenue Procedure 2019-19 expanded the types of mistakes that can be corrected by a plan sponsor on its own, thereby avoiding the costly…

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IRS Announces 2019 Benefit Plan Dollar Limits

By: Davis|Kuelthau’s Labor and Employment Team The IRS has released adjusted dollar limits for employer-sponsored retirement and welfare plans, as well as for individual retirement vehicles, effective as of January 1, 2019. Most of these limits have been increased for the coming calendar year. In addition, the Social Security Administration increased the taxable earnings wage…

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Handbooks after Boeing–Reasonableness in the NLRB?

By: James M. Kalny Regardless of whether a company is unionized it is subject to Section 7 of the National Labor Relations Act (the “Act”) which guarantees employees the right: to self-organization, to form, join, or assist labor organizations, to bargain collectively through representatives of their own choosing, and to engage in other concerted activities…

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Is it an Employment Agreement or a Deferred Compensation Plan? It could be both.

By D|K’s Labor and Employment Team Deferred compensation rules under Internal Revenue Code Section 409A cover a broad range of post-employment payment arrangements. Do you have a deferred compensation plan hiding in an employment contract or employee handbook? Internal Revenue Code Section 409A provides detailed rules applicable to deferred compensation plans, including those that cover…

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