Harvard University’s tax-exempt status has been questioned by the Trump Administration—with Harvard responding that there is no legal basis for a revocation. The Administration’s action...
Many states are implementing energy benchmarking programs to track and identify energy use in buildings. These programs aim to encourage energy efficiency and reduce greenhouse gas emissions. Check out...
When engaging in M&A discussions, parties should prioritize rigorous confidentiality measures to protect sensitive business information. Our new confidentiality agreement playbook offers valuable insights...
This practice note discusses Institutional Review Boards (IRBs) within the United States, including their purpose, history, and regulatory framework. The note is a valuable resource for advising life sciences...
Do you need guidance on tipped employee requirements under the Fair Labor Standards Act (FLSA)? Read our newly published checklist, Tipped Employees Checklist (FLSA) , for helpful information. Read now...
Employers often maximize high-earning executives’ deferred compensation by establishing a supplemental executive retirement plan (SERP) that adds to the executive’s defined contribution plan account—but on a nonqualified basis. Qualified plans are subject to IRS limits. For example, in 2022, execs may want to save more than the IRS limits ($20,500 of their own money in a 401(k) plan, pre-tax/designated Roth, and $6,500 more if they are age 50 or older). Other IRS limits may apply to limit their qualified plan contributions. Having a SERP in place can allow executives to save significantly greater amounts.
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