Health Care - Employment
COBRA
Stites & Harbison’s employee benefit attorneys counsel health care clients in matters including COBRA health plans, cafeteria plans, other employee group plans such as VEBAs, and employee fringe benefit plans. Our group's services not only extend to private-sector employers, but also answer the employee benefit plan needs of tax-exempt and governmental employers.
Our employee benefit attorneys are members of the Louisville Employee Benefits Council, Lexington Employee Benefits Council, Southern Employee Benefits Conference and the State Bars of Kentucky and Georgia.
Employee Benefits/ERISA/Executive Compensation
Stites & Harbison's employee benefits group helps private-sector, tax-exempt, and governmental employers develop, implement, and maintain qualified pension plans. These include profit sharing and money purchase pension plans, 401(k) plans, defined benefit pension plans, stock bonus plans, employee stock ownership plans (ESOPs), and thrift or savings plans.
Our attorneys can design original plans or modify existing plans. In addition to qualified plan services, we serve clients in matters of executive compensation, including both stock and non-stock incentive plans and options and deferred compensation arrangements. We also counsel clients in matters of welfare benefits like health plans, cafeteria plans, other employee group plans such as VEBAs, and employee fringe benefit plans. In addition, our attorneys litigate ERISA matters in Federal and state courts, as reflected by our success in Mattei v. Mattei, 126 F.3d 794 (6th Cir. 1997), a precedent-setting case involving waiver of pension benefits in light of antenuptial agreements.
Jennifer Henry Jackson Selected for Ignite Louisville Class of Spring 2025
The Leadership Louisville Center has selected Stites & Harbison, PLLC attorney Jennifer Henry Jackson to participate in the Ignite Louisville Class of Spring 2025. The six-month class teaches the key components of leadership to young professionals between the ages of 25 and 45 years old.
2024 Kentucky Health Law Institute
The Campbell House, 1375 South Broadway, Lexington, Kentucky
Stites & Harbison attorney Kelly Bryant is on the Planning Committee for the 2024 Kentucky Health Law Institute presented by UK Rosenberg College of Law. Healthcare attorney Shea Luna will be one of the speakers. The Institute is being held in Lexington, Kentucky September 4-5,
Department of Labor and the Fair Labor Standards Act Exempt Salary Threshold Increase
On April 23, 2024, the U.S. Department of Labor (“DOL”) issued its final rule raising the exempt classification minimum salary threshold. The change is effective beginning July 1, 2024. In addition, the salary threshold for highly compensated employees will raise as well. Finally, the rule also sets automatic increases every three years starting in January 2027. The final rule raises the minimum salary threshold to $844 per week, up from $684 per week. The next increase to $1,128 per week would be on January 1, 2025. For highly compensated employees the minimum threshold increases to $132,964 on July 1, 2024, with the next salary increase to $151,164 becoming effective January 1, 2025. Employment attorney Shannon Hamilton takes a look at the rule in this Stites & Harbison Client Alert.
Kentucky Hospital Association Annual Convention
Central Bank Center, 430 West Vine Street, Lexington, Kentucky 40507
Health care attorneys Shea Luna and Sarah Spurlock will be presenters at the Kentucky Hospital Association's Annual Convention in Lexington, KY being held May 20-22, 2024.
Retirement Plans: How to Guard Against Fiduciary Liability
In recent years, we have seen more and more ERISA class action claims against retirement plan sponsors and committees for breach of fiduciary duty. In the past, such claims were generally only made against very large plans but we are starting to see claims against smaller plans. The primary allegation is often that the fiduciaries failed to seek the lowest fees available or put another way the fiduciaries were “asleep at the wheel.” By one report, 463 lawsuits have been filed over the last eight years claiming fiduciaries failed to obtain the lowest available fees. Lexington office attorney Andy Jacobs takes a look at the issues in this Stites & Harbison Client Alert.
Demetrius Holloway Earns 2023 Trailblazer Award
LOUISVILLE, Ky.—The Louisville Bar Association’s (LBA) Diversity & Inclusion Committee recently announced Stites & Harbison, PLLC attorney Demetrius O. Holloway as the recipient of the 2023 Justice William E. McAnulty Jr. Trailblazer Award.
2024 ABA Young Lawyers Division's Midyear Meeting
Omni Louisville, Louisville Marriott Downtown and Kentucky International Convention Center, Louisville, KY
Attorney Demetrius Holloway will speak on "passing the torch" of diversity to the younger generation of attorneys at this American Bar Association mid-year meeting.
Jennifer Henry Jackson Elected to CASA of the River Region’s Board of Directors
LOUISVILLE, Ky.—Court Appointed Special Advocates (CASA) of the River Region has elected Stites & Harbison, PLLC attorney Jennifer Henry Jackson to its Board of Directors. She will serve a three-year term.