As the close of 2022 approaches, we present our annual end-of-the-year “to do list” for plan sponsors to consider as they reflect on the various laws and legal updates enacted over (or effective beginning) the past year. 2021 and 2022 Required Minimum Distributions Under the 10-Year Rule. In February 2022, […]
Labor & Employment Law Update
DOL Proposes a Long-Awaited Independent Contractor Rule
On Tuesday, October 11, 2022, the U.S. Department of Labor (“DOL”) issued a Notice of Proposed Rulemaking (“NPRM”) for a highly anticipated rule involving independent contractor status. The DOL’s goal with the proposed rule is to provide a “clear explanation of the test for whether a worker is an employee […]
OFCCP Federal Contractor Update
As seems to be the trend over the last few years, the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (“OFCCP”) releases new directives and information in waves. Well, grab your surfboard, and let’s talk about this most recent wave. OFCCP Revises its Directive on Compensation Analysis On […]
IRS Extends Deadlines for Required Retirement Plan Amendments
Early this August, the IRS published Notice 2022-33 which provides significant extensions to the amendment deadlines for required changes to retirement plans under the Setting Every Community Up for Retirement Enhancement Act of 2019 (the “SECURE Act”) and the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). For […]
New Requirements and Limitations for Iowa Health Care Employment Agencies
In Iowa, House File 2521 was enacted and went into effect on July 1, 2022. This law places requirements and limitations on health care employment agencies doing business in the state of Iowa. This follows an emerging trend across the country with states introducing legislation that is intended to regulate […]