Employee Benefits and Executive Compensation

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April 17, 2015
April 6, 2015
Last week, the IRS announced changes to its voluntary program that allows employers to correct retirement plan operational errors. The program, known as the Employee Plans Compliance Resolution System (EPCRS), allows employers to correct operational errors by either (i) seeking IRS approval of a proposed corrective action; or (ii) self-correcting by taking a prescribed corrective action.Please read our client alert for additional information.
Client Alert
March 20, 2015

Plan administrators of 401(k) and other participant-directed plans must provide participants with information about the fees associated with the plan (fee disclosures) at least annually. When the rules were first released, the Department of Labor (“DOL”) required plan administrators to provide the fee disclosures no later than 12 months after the prior fee disclosure was mailed. This rule created practical difficulties and caused each plan’s fee disclosure deadline to move over time. Yesterday, the DOL released a revised rule that corrects these issues.

Client Alert
February 18. 2015

On the day before he left office, Massachusetts Governor Deval Patrick signed an act relating to parental leave (the “Act”) into law. The Act significantly amends the Massachusetts Maternity Leave Act (“MMLA”), which provides eight weeks of job-protected leave to female employees following the birth or adoption of a child. Most notably, the Act will extend that same right to male employees. It will take effect April 7, 2015.

Article
February 18, 2015
February 12, 2015
February 9, 2015
February 6, 2015
December 14, 2014
November 25, 2014
Massachusetts voters recently approved a ballot question that will require the provision of paid sick leave to many employees working in the state. The new law requires non-governmental employers with 11 or more employees to provide their employees with one hour of paid leave for every 30 hours worked, up to 40 hours per year. The law will take effect July 1, 2015.
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