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DirectAdvisors Podcast #1 – The Power of Supplemental Unemployment Benefit Plans During COVID-19

DirectAdvisors Podcast #1 – The Power of Supplemental Unemployment Benefit Plans During COVID-19

Mar 27, 2020

Supplemental Unemployment Plans can provide compensation to employees beyond state unemployment insurance during lay off periods. SUB plans can help ease the financial stress of layoffs, generate peace of mind and worker loyalty, and offer significant tax advantages compared to severance pay. To learn more, please listen to our podcast, where we discuss how a SUB plan can be beneficial in such a difficult time.

Essential Requirements of SUB Plan

Essential Requirements of SUB Plan

Nov 18, 2019

With some limited exceptions, all SUB plans seeking to meet the qualifications to be exempt from wages (and therefore exempt from FICA and FUTA taxes) must be substantially the same or identical to those described in Rev. Rul. 56-249, as modified by Rev. Rul. 90-72....
Introduction & History of SUB Plans

Introduction & History of SUB Plans

Nov 18, 2019

Introduction Supplemental Unemployment Benefit (SUB) plans provide compensation to employees in addition to state unemployment insurance during periods of layoff. SUB plans, when designed correctly, offer employers a way to provide employees with enhanced income...