Jennifer Hill

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Jennifer D. Hill focuses her practice on employee benefits and executive compensation matters. Jennifer routinely reviews qualified retirement plans, executive compensation and employment agreements and equity compensation to ensure conformity with Section 409A, ERISA and COBRA. Read Jennifer D. Hill's full bio.

Employers Be Forewarned and Forearmed: Recent IRS Announcements Require Action on ERTC Claims

By and on Nov 9, 2023
Posted In Employee Benefits, Employment

Asserting that many employers have improperly claimed Employee Retention Tax Credit (ERTC) refunds, the Internal Revenue Service (IRS) released two new announcements that address ERTC claims. Following these new IRS announcements, most employers should consult their legal and tax advisors and consider filing protective refund claims to preserve their employment and income tax positions and to...

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DOL Proposes Significant Changes to VFCP Program

By , and on Dec 22, 2022
Posted In Employee Benefits, Retirement Plans

On November 21, 2022, the US Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released a proposed amendment and restatement of the Voluntary Fiduciary Correction Program (VFCP), along with a proposed amendment to the Prohibited Transaction Exemption (PTE) 2002-51. The VFCP allows plan sponsors to voluntarily correct certain fiduciary breaches to avoid civil enforcement...

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The DOL Has Issued New Proposed Independent Contractor Classification Rules. What Now?

By , , and on Nov 2, 2022
Posted In Employment, Labor

On October 11, 2022, the United States Department of Labor (DOL) issued its Notice of Proposed Rulemaking (NPRM) seeking to undo the Trump administration’s 2021 independent contractor regulations and revert to the six-factor economic realities test. While the test factors remain the same (for the most part), the DOL’s NPRM advances interpretations of the various...

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Department of Labor Exemption Impacts Investment Advice Fiduciaries

By , and on Jul 21, 2021
Posted In Employee Benefits, Fiduciary and Investment Issues, Retirement Plans

The US Department of Labor (DOL) recently issued guidance concerning a new exemption under the prohibited transaction provisions of the Employee Retirement Income Security Act of 1974 (ERISA) in connection with the provision of investment advice. PTE 2020-02, Improving Investment Advice for Workers & Retirees (the Exemption), became effective on February 16, 2021. On April...

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