17 Aug 2021

Introducing Market Standards – Employment Agreements

Say “hello” to Market Standards – Employment Agreements, newly available, replacing Transactions Search in our Employee Benefits practice area. This powerful and intuitive new tool enables subscribers to research and analyze data from thousands of public company employment agreements dating back to 2017. Each covered agreement is reviewed and coded for 75 terms that allow for highly customized search and filter capabilities to locate the most relevant agreements and analyze trends in executive compensation and benefits. Enjoy this new tool, available in the Employee Benefits & Executive Compensation and the Labor and Employment practice areas.

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Related Content

  • Executive Employment Agreement Resource Kit
    Learn more about composing, reviewing, and negotiating employment agreements by referencing the content in our Executive Employment Agreement Resource Kit. This resource kit assembles Practical Guidance resources related to executive employment agreements, including resources on the negotiation and drafting of, and the tax rules implicated by, executive employment agreements in the form detailed practice notes, checklists, and forms.

 

Practical Guidance Updates

Featuring the latest updates from your Practical Guidance account.  

  • Retirement Plans
    DOL issues FAQs on rules for disclosing lifetime income information in retirement plan benefit statements, added to the existing benefit statement requirement for defined contribution plans under ERISA § 105(a)(1)(A)(i). While the new requirement, introduced by the SECURE Act (Pub. L. No. 116-94, Div. O, § 204), is effective beginning September 18, 2021, requiring a disclosure at least once in a 12-month period, defined contribution plans, which must issue quarterly statements under ERISA § 105(a)(1)(A)(i), can incorporate their first lifetime illustration on any quarterly statement up to the second calendar quarter of 2022 (i.e., June 30, 2022). The date is later for plans not permitting participant-directed investment. DOL, Temporary Implementing FAQs; see also 85 Fed. Reg. 59,132 (Sept. 18, 2020); 29 C.F.R. § 2520.105-3.

    IRS issues guidance on single-employer defined benefit plan funding rules as amended by the American Rescue Plan Act of 2021 (Pub. L. No. 117-2), §§ 9705, 9706, including elections not to apply ARPA’s segment rates for a plan year. I.R.S. Notice 2021-48.


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