
Jennifer McGrew
Law Clerk
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In the wake of the recent news of bank failures, businesses—and their investors—are rightly concerned about the implications of a missed or delayed payroll. Let’s look at those implications, and strategies for minimizing risk. Obligation to Make Payroll Under federal and most state laws, employers have both timing-of-pay and frequency-of-pay obligations. Under most of these … Continue Reading
Missed Payroll in the Wake of Bank Collapse: Implications, Strategies, and Minimizing Risk
By Allan Bloom, Philippe A. Lebel, Katrina McCann, David Gobel and Jennifer McGrew on Posted in 401(k) Plans, Wage and Hour