The Charlotte office of McGuireWoods seeks an associate or counsel for the Tax & Employee Benefits Department.  Qualified candidates will have at least 5 – 6 years of experience working with tax-qualified retirement plans, health and welfare benefits and executive compensation.  Experience with executive compensation securities disclosure rules, ERISA plan-asset regulations in connection with fund …

As a bit of a curveball, we have a somewhat unique opportunity for you.  Our good friend, Rick Unser at Lockton Companies, has allowed us to post the link to his two-part interview with Jerry Schlicter of Schlichter Bogart & Denton.  The interview was arranged and held on Rick’s weekly podcast, “401(k) Fridays.” The Schlicter…

HR and legal departments have likely confronted the unpleasant situation of having to inform a departing employee that in addition to no longer being employed by their company, they also have a rather limited period to repay an outstanding 401(k) plan loan.  With what money am I supposed to do that?!? So goes the common…

For many employers who sponsor qualified retirement plans and have employees impacted by the various natural disasters that occurred in 2016, the 2017 Tax Act offers important relief. Specifically, the Act provides favorable tax treatment for certain qualified retirement plan distributions to employees affected by 2016 natural disasters. The relief includes:

• Income inclusion for distributions

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One of the biggest changes of the new tax law is that it now provides for a flat 21% tax rate for corporations. Without more changes this would have been a problem for pass-through entities (if companies are taxed at a lower rate than individuals, the pass-through scheme doesn’t work). To solve this problem, the…