United States: 2015 Benefit Limits

Retirement Plan Limits
The IRS updated the retirement plan limits effective for the plan year that begins on or after January 1, 2015. A comparison of the 2014 and 2015 limits is listed below.

2014
2015

Maximum Elective Deferrals to §401(k), §403(b), and §457(b) Plans
$17,500
$18,000

Maximum Catch-up Elective Deferrals to Plans other than SIMPLE Plans (age 50 by the end of the year)
$5,500
$6,000

Section 415 Limits
Defined Contribution Plan Annual Addition Maximum
Defined Benefit Plan Dollar Maximum

$52,000
$210,000

$53,000
$210,000

Annual Compensation Limit under §§401(a)(17), 404(l) […]

By | January 8th, 2015 ||

United States: NLRB Deems Employer Unlawfully Distributes a Workplace Violence Memo After Union Organizing Activity

Your intentions may be pure, but your actions during or after union organizing activity could lead to your company running afoul of the National Labor Relations Act (the Act) according to the National Labor Relations Board (NLRB). The NLRB has recently emphasized this message in yet another 2-1 decision ruling that a nursing home employer’s attempt to restore a harmonious workplace environment in posting a memorandum and workplace violence policy, following a union election […]

By | January 7th, 2015 ||

United States: Considerations In Exiting Outsourcing Deals

Exiting an outsourcing deal requires careful planning. A well thought-out exit plan can help transitioned-out activities proceed in a more orderly manner. However, there are often problems in the customer-supplier relationship that make a successful exit difficult. For example, the customer may be unprepared at exit because it has not governed the relationship effectively. Likewise, the outgoing supplier may be unmotivated to provide adequate disengagement assistance and could even act in a hostile manner. […]

By | January 7th, 2015 ||