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-- An attorney subscriber
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Search the News Archive
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14 Matching News Items |
| 1. |
Rackemann, Sawyer & Brewster
Feb. 22, 2008
Excerpt: The headline is that retirement plan participants won a big one today. LaRue v. DeWolff, Boberg & Associates, Inc, et al. is easily the most significant ERISA case in years. Was the Supreme Court brilliant? Truthfully, any average person would have known the answer. If a participant in a self-directed 401(k) plan gives investment directions, and if a Plan fiduciary ignores the directions, the fiduciary should be liable for damages to the participant's account.
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| 2. |
Rackemann, Sawyer & Brewster
Oct. 23, 2007
Excerpt: How do companies comply when the government can't finish rules in more than three years? Too much intellect, and not enough wisdom, has made this whole process as silly as that which surrounded the ill-fated Section 89. Old hands recall that Congress finally repealed Section 89, but not before industry had invested millions in a multi-year regulatory and compliance effort which is chillingly similar to the 409A process today.
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| 3. |
Rackemann, Sawyer & Brewster
Oct. 1, 2007
Excerpt: November 15, 2007 is the newest deadline. Massachusetts employers with payrolls of 11 or more FTE equivalents must make an online filing with the Division of Unemployment Assistance ('DUA'). This will be an annual requirement. Paper filing is not permitted. The process is on-line only, and employers will use their DUA number.
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| 4. |
Rackemann, Sawyer & Brewster
Sept. 11, 2007
Excerpt: The Division of Health Care, Finance, and Policy the 'Division') held public hearings on September 5. On behalf of clients, [George L. Chimento] testified and offered comments urging simplification. [The] written comments are at this link [http://www.theworkplace.biz/files/Final_testimony_A0540940_.pdf].
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| 5. |
Rackemann, Sawyer & Brewster
Aug. 23, 2007
Excerpt: [The target page provides links to the] HIRD Forms just issued by the Division of Healthcare, Finance and Administration ... in Spanish and in Portuguese, joining their English counterpart.
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| 6. |
Rackemann, Sawyer & Brewster
July 5, 2007
Excerpt: NOTE: These links should help those who need to know about the law in more detail.
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| 7. |
Rackemann, Sawyer & Brewster
Sept. 25, 2006
Excerpt: [N]early one-half of PPA's 991 pages deals with defined contribution plans, fiduciary concerns, and odds and ends related to IRA's and deferred compensation arrangements. This article addresses the matters which will be relevant for [those] who do not sponsor defined benefit plans.
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| 8. |
Rackemann, Sawyer & Brewster
July 1, 2005
Excerpt: Starting in 2006, an account with most of these attributes (the 'Roth feature') can be added to 401(k) and 403(b) plans. Is it a good idea? We think so. But the attractive Roth features must be balanced against the cost of even more administrative complexity.
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| 9. |
Rackemann, Sawyer & Brewster
June 21, 2005
Excerpt: The Roth IRA is a wonderful vehicle for long term planning. Contributions are with after-tax dollars, and investment earnings are not taxed. Withdrawals are totally tax free, and minimum distribution rules at age 70 & 1/2 do not apply. Starting in 2006, an account with most of these attributes (the 'Roth feature') can be added to 401(k) and 403(b) plans.
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| 10. |
Rackemann, Sawyer & Brewster
May 23, 2005
Excerpt: 'Use it or lose it,' is the infamous principle of Section 125 flex/cafeteria plans. Positive account balances traditionally cause a December stampede to purchase eyeglasses and other medical what-nots. The expenses must be incurred by December 31 or the balance is forfeited to the employer. For a country that wants to contain medical expenses, the rule that 125 savings must be spent or forfeited is a little silly. IRS has issued some welcome relief with new Notice 2005-42.
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