Since the enactment of the Employee Retirement Income Security Act (ERISA) in 1974, Employee Stock Ownership Plan (ESOP) transactions have been heavily scrutinized by Employee Benefits Security Administration (EBSA), the enforcement arm of the U. S. Department of Labor. Historically, EBSA has seen ESOPs as an area fraught with opportunity to ...
PTO cash-out provisions are common. They also tend to be one of those handbook provisions that employers carry forward year after year without giving them much thought. But a seemingly simple option to cash out unused PTO can create an unexpected tax problem for employees.
On October 6, 2026, the Departments of Labor, Health and Human Services, and the Treasury issued a final rule that makes significant changes to the Transparency in Coverage requirements. The final rule is effective December 7, 2026, with many of the consumer disclosure changes applying for plan years beginning on or after January 1, 2027.