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IRS Gives Welcome Relief to 403(b) Plan Sponsors!

Posted on December 11, 2008 by

Yesterday afternoon the IRS issued a notice delaying the date Code Section 403(b) plans must have a written plan document. Prior to this notice, Code Section 403(b) plan sponsors had to have a written plan document in place by January 1, 2009, fully compliant with the final Code Section 403(b) regulations issued in July 2007. […]

It’s Midnight on New Years Eve, Do You Know Where Your Deferred Compensation Agreements Are?

Posted on December 2, 2008 by

Really, we mean it this time! The deadline for amending deferred compensation agreements to comply with Section 409A of the Internal Revenue Code is December 31, 2008, and there is no indication that the IRS will grant another extension. So, add reviewing deferred compensation, employment, and severance agreements to your list of things to do […]

Potential Labor/Employment Law Changes in the New Political Environment

Posted on November 19, 2008 by

At both the state and federal level, the recent election resulted in both the executive and legislative branches being controlled by the Democrats. As a result, many are predicting a major change in the nations labor and employment laws. As a result, several pieces of legislation that were unable to gain traction in the past […]

If You Would Like to Know Whether Your Bank Deposits are Protected by FDIC Insurance, Read This E-Alert

Posted on November 17, 2008 by

In light of the financial troubles in the U.S. market, many individuals are concerned about the security of assets they have deposited at financial institutions. The FDIC – short for the Federal Deposit Insurance Corporation – is an independent agency of the United States government that protects you against the loss of deposits if an […]

Breaking News! Department of Labor Finalizes Revisions to Regulations Implementing Federal Family and Medical Leave Act

Posted on November 14, 2008 by

The Department of Labor has been in the process of revising the regulations implementing the federal Family and Medical Leave Act of 1993. The Department of Labor will be formally issuing the final revised regulations on Monday, November 17, 2008, by publishing them in the Federal Register. We have obtained a copy of the revised […]

The Employee Free Choice Act (EFCA) – Will You Be Prepared?

Posted on November 11, 2008 by

Now that we know Barack Obama will be our next president, there is a very good chance that some version of the Employee Free Choice Act of 2007 will become law early next year. This legislation will radically change the way unions organize workers in the United States. Even more important is that the legislation […]

2009 Qualified Plan Cost of Living Increases, 2009 Social Security Taxable Wage Base

Posted on October 20, 2008 by

The Internal Revenue Service has announced the cost-of-living adjustments for the various qualified retirement plan limits. Qualified Plan Limit Cost-of-Living Adjustments 401(k) and 403(b) elective deferral limit 2008 – $15,500 2009 – $16,500 $200,000 compensation limit 2008 – $230,000 2009 – $245,000 $160,000 defined benefit limit 2008 – $185,000 2009 – $195,000 $40,000 defined contribution […]

Reminder – New W-4 and I-9 Forms for 2009

Posted on October 7, 2008 by

As a reminder, the federal government has updated the required W-4 form for 2009. All employers are required to have the most recent version of the W-4 available for employees. In addition, the Department of Homeland Security recently update the mandatory I-9 form. The updated form must completed for all new employees. Certain businesses are […]

President Bush Signs Act Broadening ADA Protections for Employees and Job Applicants

Posted on September 28, 2008 by

Congress previously gave approval to a major civil rights bill expanding protections for people with disabilities under the Americans with Disabilities Act (ADA). The bill proposed sweeping amendments to the ADA in a number of aspects to overturn several recent U.S. Supreme Court decisions. President Bush signed the proposed ADA amendments into law on September […]

Seventh Circuit Reviews ADA Association Discrimination and ERISA Retaliation

Posted on April 15, 2008 by

The United States Seventh Circuit Court of Appeals, which includes Wisconsin, recently addressed a case in which an employee whose spouse had high medical costs claimed, among other things, that she was terminated because of these costs. Dewitt v. Proctor 2008 U.S. App. LEXIS 4157 (7th Cir. 2008). The employer claimed that the employee was […]