Understanding Employee Benefits

If the Tax Withholding is Wrong, Don’t Rely on the Employer to Fix it

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Verizon Communications, Inc. sponsored a number of plans for its foreign employees. These employees were citizens of foreign countries who never worked in the United States. Because these employees never worked or resided in the United States, their employment income and the benefits from their retirement plans were foreign source... Read More

Topics: ERISA and Other Benefits Litigation, Payroll, Retirement Plans

Labor Issues Q&As on Required Fee Disclosures to Participants

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            Once the ERISA Section 408(b)(2) fee disclosures are made from covered service providers to plan fiduciaries, plan fiduciaries are required to relay fee information relating to designated investment alternatives to plan participants.  The Department of Labor issued final regulations in 2010 outlining the requirements for these new disclosures,  29... Read More

Topics: Fiduciary Guidance, Retirement Plans