In today’s economy, fiscal responsibility and risk management are key factors that impact employee benefits and executive pay programs. As the cost of providing employee benefits rises and the decline in the market affects retirement security for many people, employers need to be aware of their legal obligations as they institute cost-saving measures and reductions in their workforce, as well as measures to retain key executives. In addressing these issues, employers should look at the total overall compensation and benefits packages for their employees and how the overall package should be managed during difficult economic times. Executive pay, bonus and retention strategies, in particular, are subject to increasing scrutiny by regulators and shareholders and remain a significant business tool and corporate liability. Also, many employers today are faced with complicated issues with regard to their 401(k) plans.
At this breakfast briefing, Epstein Becker Green attorneys Joan A. Disler, Michelle Capezza, and Gretchen Harders will explore some of the recent trends and developments with regard to benefits and executive pay practices and provide practical guidance to employers on strategies for managing such programs in these changing times.
Topics to be covered include:
- Recent developments in executive compensation practices, such as:
- The impact of recent legislation on design of executive compensation programs
- Implementation of retention and severance programs
- Executive bonuses and clawbacks
- Avoidance of tax penalties and hidden costs
- Best practices for boards and committees on executive pay
- Current issues affecting 401(k) plans in difficult economic times, including:
- Plan design issues
- Plan contributions in employer stock
- Guidance on 401(k) fee disclosures
- Best practices for qualified plan committees
- Additional hot topics and trends in employee benefits
We hope you will join us for this timely and informative briefing.
To register, click here.