Proskauer's Employee Benefits & Executive Compensa

JANUARY 24, 2023

A district court in New York recently dismissed a putative class action challenging retirement plan recordkeeping and investment management fees. 21-cv-8458, 2023 WL 186679 (S.D.N.Y. District Court for the Southern District of New York, alleging that it violated ERISA in its management of both a 401(k) plan and a profit-sharing plan.

401(k) 109

401(k) Profit Sharing Plan Retirement Plan Management 109

Vantage Circle

NOVEMBER 30, 2022

Profit-sharing Plans. If you want your people to tackle the company's goals like their own, you need to drive the fact that the more profits the company makes, the more profitable it will be for them. Hence, enter the profit-sharing plan. Monetary Recognition.

PTO 106

PTO Profit Sharing Plan Bonuses Paid Leave 106

PeopleStrategy

DECEMBER 12, 2023

You and others in your HR department can help them prepare for retirement by sharing changed retirement plan limits for the coming year. The IRS has made a number of cost-of-living adjustments for 2023, including increasing the amount employees can contribute to their 401(k)s to $23,000 (up $500 from 2023).

401(k) 52

401(k) Overtime Health Savings Account Retirement Plan 52

Business Management Daily

OCTOBER 14, 2022

As a reminder, forms for the previous tax year are due in the following calendar year, so the following dates will fall in 2023. Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc. What are 1099s used for? Distributions From ABLE Accounts. 30 day extension.

Electronics 52

Electronics Taxes Life Insurance Profit Sharing Plan 52