Workplace wellness programs are a multi-billion dollar industry in the United States, with thousands of vendors promising to help employers reduce health care costs and improve employee health and productivity. Although most large employers offer some type of wellness program, questions remain as to their effectiveness. A number of different studies have delivered conflicting results, with some showing savings and health improvements, and others warning employers not to expect any return on investment.
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On September 19, 2019, the IRS issued final regulations updating the rules for hardship withdrawals from 401(k) plans. These regulations primarily reflect changes made by the Tax Cuts and Jobs Act and the Bipartisan Budget Act of 2018 and are very similar to the regulations that the IRS proposed late last year.
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Last month we distributed a bulletin describing recent New York State legislation affecting cooperatives and condominium unit owners. One of the items we noted was a change to the New York Real Property Law imposing a $20 limitation on the fees that may be charged to applicants for leases. In light of this change, we suggested that cooperatives charge such fees to the sellers of apartments rather than the applicant/purchasers. (The bulletin we issued is available here.) On September 13, 2019, the New York State Department of State issued official Guidance stating that the $20 limitation does not apply to… Read more
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