Navigating Long-Term Part-Time Employee Eligibility Rules for 401(k) Plans
The landscape of retirement plan eligibility is shifting, and plan sponsors need to prepare for key compliance changes affecting long-term part-time (“LTPT”) employees. These new rules, mandated by the SECURE Act of 2019 and expanded under the SECURE 2.0 Act of 2022, aim to improve retirement plan access for employees who work on a part-time basis for extended periods of time. Employers who sponsor 401(k) plans must ensure they understand and implement these changes to remain compliant and support their workforce effectively. Read More ›
Categories: Employee Benefits, Employment, Retirement
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Robot Lawyers? FTC Targets AI Legal Services
The Federal Trade Commission (FTC) is continuing its firm stance in regulating companies making unsubstantiated or exaggerated claims about their products or services employing artificial intelligence (AI).
As AI applications rapidly migrate to multiple industries and fields, the FTC is ramping up its effort to establish regulatory guidelines. As part of this strategy, the agency initiated Operation AI Comply. In late 2024, the agency announced it had acted against several companies which employed false and/or deceptive claims in promoting the capabilities of their standalone AI services or those enhanced by AI-technology. Read More ›
Categories: Artificial Intelligence (AI), Contracts, Cybersecurity, Liability, Technology
A New Executive Order Has Been Issued on Artificial Intelligence
On January 20, 2025, President Donald Trump revoked former President Joe Biden’s executive order related to the utilization of artificial intelligence (“AI”). Read More ›
Categories: Alerts and Updates, Artificial Intelligence (AI), Cybersecurity
“Three-peat” Use Agreement in Place if Chiefs Win Super Bowl
The Kansas City Chiefs and the Philadelphia Eagles are playing in Super Bowl LIX this Sunday, February 9. If the Chiefs win, this will be their third consecutive Super Bowl win, and, according to the Kansas City Star via reporter Blair Kerkhoff, the team can purportedly use Miami Heat team president and legendary NBA coach Pat Riley’s trademarked phrase “three-peat”. Read More ›
Categories: Alerts and Updates, Did you Know?, Intellectual Property, Licensing, Trademarks
Holiday Talks: Essential Estate Planning and Tech Safety for Aging Family Members
Now is a busy time for businesses as they wrap things up before year-end. But the holiday season can be stressful for a different reason when the owner or some of the employees are responsible for the care of aging family members on top of working full-time. Read More ›
Categories: Cybersecurity, Elder Law, Employment, Estate Planning, Privacy
IRS Announces 2025 Cost-of-Living Adjustments for Retirement Plans and for Health and Welfare Benefit Plans
This blog has been updated since December 4, 2023. The data below is current.
The IRS has announced the 2025 cost-of-living adjustments for retirement plan and health and welfare benefit plan limitations. The charts below set forth the applicable limitations. Read More ›
Categories: Employee Benefits, Retirement
Startups or Corporations: IP Strategies for All Businesses
Foster Swift attorney Mikhail "Mike" Murshak recently appeared on an episode of Michigan Reimagined, a podcast that discusses entrepreneurship and small business development and shares the stories of the people and organizations driving Michigan’s economic sustainability, to discuss the importance for a business to protect its intellectual property (IP). Read More ›
Categories: Intellectual Property, Licensing, Patents
What is a Deepfake and How Might it Impact Your Business?
With the rise of generative artificial intelligence (AI) and its various synthetic media outputs, deepfakes are just one of many new risks to businesses. Deepfakes pose considerable threats to companies, potentially damaging reputation, trust, and financial stability through malicious impersonation and manipulation of digital content. Read More ›
Categories: Artificial Intelligence (AI), Copyright, Cybersecurity, Defamation, Privacy, Technology, Trademarks
Implications of FTC’s Final “Click-to-Cancel” Rule: Simplifying Consumer Cancellations
Yesterday, on October 16, the Federal Trade Commission (“FTC”) issued final amendments to the “Rule Concerning Recurring Subscriptions and Other Negative Option Programs”, also referred to as the “Click-to-Cancel” Rule (the “Rule”). See the following link from the FTC’s website for more information: Federal Trade Commission Announces Final “Click-to-Cancel” Rule Making It Easier for Consumers to End Recurring Subscriptions and Memberships | Federal Trade Commission (ftc.gov). Read More ›
Categories: Alerts and Updates, Billing/Payment, News, Privacy, Technology
MOU Between Agencies Could Impact M&A Deals
A Memorandum of Understanding (MOU) has been struck between the Federal Trade Commission (FTC), the Department of Justice (DOJ), the Department of Labor (DOL) and the National Labor Relations Board (NLRB) which will significantly strengthen the four agencies’ ability to investigate and evaluate the potential impact of proposed mergers and acquisitions on labor markets and jobs. See the full article here.
Categories: Department of Labor, Labor Relations, Mergers & Acquisitions, National Labor Relations Board
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