Employee Benefits Group

March 2005 - Automatic Distribution in Excess of $1,000 not permitted effective March 28, 2005

Under the new requirements set forth by the Internal Revenue Service and the Department of Labor, on and after March 28, 2005, mandatory distributions in excess of one thousand dollars ($1000) but equal to or less than five thousand ($5,000) must be automatically rolled over into an individual retirement account (“IRA”), unless the participant affirmatively elects otherwise.  In other words, unless you have an election from a terminated participant to the contrary, the plan sponsor will now be responsible for establishing an automated rollover program. 

In this client briefing, W&H Partner Russell Shaw explains the new requirements and the various ways of complying with them.

This client briefing explains the Ohio Supreme Court decision that allows employers more flexibility when requiring employees to sign noncompetition agreements.  If you are an Ohio employer with questions about the enforceability of your company's noncompetition agreements, read this article in its entirety.

March 2004 - Recent Developments Take Away More Benefits Of Leasing Employees

If you think temporary employees are the answer to your human resource headaches, you might want to think again.  In a recent client briefing, Walter & Haverfield attorney Nancy Noall outlines recent developments in the law that will help you separate fact from fiction when deciding whether leasing employees is a good idea.

An accomplished litigator and trial lawyer, Nancy chairs the Employment Law Group and is Partner-in-Charge of the Employee Relations Policies & Programs.  If you have questions or would like more specific legal advice on leasing employees, she can be reached at 216-928-2926 or via e-mail at nnoall@walterhav.com.