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Join us April 29 for our Employment Relations Seminar: Keeping Your Workplace...
By Erin Hawk Join Porter Wright’s Employment Group for our Spring Employment Relations Seminar -Keeping Your Workforce Healthy, Wealthy and Wise – on Tuesday, April 29, 2014 in Cleveland. Topics...
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Join us for our upcoming program in Columbus on the benefits of ESOPs
By Ann Caresani Employee Stock Ownership Plans (ESOPs): A Tax-Advantaged Strategy for Growth, Liquidity and Succession Planning Tuesday, September 23, 2014 REGISTER NOW BEFORE SEPTEMBER 19! 3:30 – 4:00...
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Join Us In Cleveland On Thursday, October 23 for The Greatest Seminar on Earth!*
By Porter Wright There is no charge for this seminar; however, seating is limited. Please RSVP by Monday, Oct. 20. If you have questions, please contact Erin Hawk. Thursday, Oct. 23, 2014 7:45 – 8:30...
View ArticleLike old soldiers, Employee Plans Determination Letter Program fades away
By Rich McHugh The Internal Revenue Service (the “IRS”) issued Announcement 2015-19 on July 21, 2015, in which the agency announced that its long-standing and widely used retirement plan determination...
View ArticleBright lines getting blurrier: Recent Ohio Supreme Court decision changes...
By Abby Brothers Cunningham v. Testa, Slip Opinion No. 2015-2744 (July 8, 2015) Recently, the Supreme Court of Ohio issued an opinion in Cunningham v. Testa which significantly alters the application...
View ArticleNew IRS Equity-Based Compensation Audit Guide Highlights Importance of...
By Greg Daugherty The IRS recently released an audit techniques guide (the “Guide”) to advise its internal auditors who are examining cases involving equity-based compensation (i.e., compensation based...
View ArticleThe view from Washington — we have a budget!
By Rich McHugh In perhaps the last big legislative push of 2015, the Bipartisan Budget Act of 2015 (the “Act”) was passed by the House of Representative on a 266-167 vote on Wednesday, October 28, 2015...
View ArticleNonqualified deferred compensation plan guidance from the IRS appears to be...
By Greg Daugherty Ever since the series finale of “Mad Men,” I’ve been thinking a lot about old commercials. One commercial in particular involves Heinz ketchup. In the ad, someone would turn the...
View ArticleFiduciaries in stock-drop suits should be evaluated on real-time conduct, not...
By Greg Daugherty ERISA fiduciaries of employee stock ownership plans (ESOPs) and plans with employer stock funds increasingly find themselves in a Catch-22. If they continue to invest in employer...
View ArticleProtecting Americans from Tax Hikes Act of 2015
By Matthew Navarre Leaders in the U.S. Congress reached a deal on Tuesday night to permanently extend many of the 52 provisions of the Internal Revenue Code that expired on Dec. 31, 2014. The full...
View ArticleIRS Notice 2016-4 extends due dates for 2015 information reporting under the ACA
By Rich McHugh The IRS yesterday released IRS Notice 2016-4, which extends the due dates for certain 2015 information reporting under the Affordable Care Act (“ACA”). This notice relates to due dates...
View ArticleIRS previews qualified plan determination letter changes in new guidance
By Greg Daugherty and Rich McHugh The Internal Revenue Service (IRS) issued guidance on Jan. 4, 2016, that clarifies certain implications of its previously announced changes to the employee plans...
View ArticleU.S. Supreme Court invalidates Vermont health care reporting law Under ERISA...
By Rich McHugh The United States Supreme Court ruled on March 1, 2016 in Gobeille v. Liberty Mutual Insurance Company that a Vermont state statute that requires health care plans to file informational...
View ArticleFinal fiduciary rule creates implications for plan sponsors and financial...
By Rich McHugh After a drawn out and controversial regulatory review process, the United States Department of Labor (DOL) on April 6, 2016, issued final guidance that expands the definition of a...
View ArticleIRS issues proposed Code Section 409A regulations clarifying many...
By Greg Daugherty The Internal Revenue Service (IRS) recently published proposed regulations under Internal Revenue Code Section 409A. The proposed regulations clarify 19 policy items addressed in the...
View Article2017’s fiduciary rules are near. Are plan sponsors ready?
By Greg Daugherty and Seth Hanft In the plan sponsor and financial adviser community, as 2016 gives way to 2017, all eyes will be on the Department of Labor’s (DOL) fiduciary rule. As we blogged...
View ArticleHurry up and wait: ERISA fiduciary rule delayed
By Seth Hanft and Greg Daugherty While it took longer than many expected, the Department of Labor (DOL) issued a proposed rule that would provide a 60-day delay to the application of the new fiduciary...
View ArticleERISA fiduciary rule delayed to June 9, 2017, with bonus transition relief...
By Seth Hanft Today (April 7, 2017), the Department of Labor (DOL) published in the Federal Register a final rule delaying the new ERISA fiduciary rule until June 9, 2017. Everyone expected a...
View ArticleWill the DOL continue to make ESOPs a compliance priority?
By Greg Daugherty One question that has been on the minds of plan sponsors is how aggressive the Department of Labor (DOL) under President Trump will be compared to that of President Obama. In recent...
View ArticleThe “final” countdown: DOL fiduciary rule still applies June 9, 2017
By Greg Daugherty Much has been written to speculate what may become of the Department of Labor’s (DOL) fiduciary rule. Recently, the DOL issued a FAQ confirming that the new fiduciary rule will become...
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