Ellenoff Grossman & Schole LLP is a business law firm with more than 125 attorneys and offices in New York and California, advising companies and individuals across a broad range of sophisticated business, transactional, and litigation matters for over 30 years.
Harrison Taylor, a member of the Firm, wrote an article for Total Food Service titled: “401(k) Plans: Alternative Assets and a Proposed Safe Harbor.” In the article, Harrison discusses a proposed rule that would make it easier for 401(k) plans to offer alternative investments while providing fiduciaries with added protections. The article also outlines steps plan sponsors can take now to prepare.
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Client Alert: US DOL Offers Guidance On Employee Volunteer Activities
In a recent opinion letter, the U.S. Department of Labor (“DOL”) reaffirmed that employees of nonprofit organizations may volunteer for their employer, provided that the services are offered freely and without employer pressure, there is no expectation or receipt of compensation, and the volunteer activities are not the same as or similar to the work the employee performs as part of their regular job duties.
Click here to read the alert.
Client Alert: New York City Launches First-of-Its-Kind Office to Support Worker Organizing
Mayor Zohran Mamdani recently signed an executive order establishing the Mayor’s Office of Worker Power (“MOWP”) – described by the administration as the nation’s first city office dedicated to helping workers organize, connecting them directly with unions, and keeping them informed of their workplace rights.
Click here to read our alert.
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