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LITTLER MENDELSON PC: Reopening and Rehiring – What Are the Most Critical Employee Benefits and Executive Compensation Issues?

PENNSYLVANIA RECORD

Friday, November 22, 2024

LITTLER MENDELSON PC: Reopening and Rehiring – What Are the Most Critical Employee Benefits and Executive Compensation Issues?

12713 w shadow lake office

Littler Mendelson P.C. recently issued the following announcement.

As many employers are on the way to normalizing their business practices and re-engaging their employees, they should not overlook the many lurking landmines in the administration of their retirement, health and welfare plans and their executive compensation arrangements. The risks of missteps are high. They include disqualification of qualified retirement plans, ACA taxes, IRS penalties, employee lawsuits and DOL enforcement. In this session, we will focus on the steps employers can take to avoid these problems. The issues we will discuss include:

Making sure that eligibility determinations under retirement and health and welfare plans are correctly implemented

How to determine full-time status for re-engaged workers under health and welfare plans

How to appropriately report furloughed and laid off workers to IRS forms for ACA purposes

Other service crediting issues (focusing on vesting and benefit accrual service) for re-engaged workers under retirement and health and welfare plans

The impact of new COBRA rules on returning employees

Avoiding 409A's penalty taxes in connection with an arrangement's separation from service provisions

Necessary retirement, health, and welfare plan amendments

Issues in connection with the reinstatement of employer retirement plan contributions

Time:

10:00 - 10:40 a.m. PT

11:00 - 11:40 a.m. MT

12:00 - 12:40 p.m. CT

1:00 - 1:40 p.m. ET

Date: Thursday, July 9, 2020

Original source can be found here.

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