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April 29, 2025

In this issue:

New Law Changes in Effect for Employers Hiring Minors
Navigating Long-Term Part-Time Employee Eligibility Rules for 401(k) Plans
How Cybercriminals are Targeting Real Estate Transactions
In Memory of Tony Smith
Podcast Features Businesswomen Sharing Personal Journeys
Podcast Focuses Legal Insights on NIL and College Sports

Young teenager being taught how to cut steel from older man

New Law Changes in Effect for Employers Hiring Minors

With summer right around the corner, teenagers will soon be out of school—and out looking for a place to work. If you’re planning on hiring teenagers during the summer months and beyond, be sure you’re familiar with the recent labor law changes that will impact employers that hire workers in this age group to avoid costly penalties...

Binder folders laying sideways with words full-time and part-time printed on them

Navigating Long-Term Part-Time Employee Eligibility Rules for 401(k) Plans

Amanda J. Dernovshek, Julie L. Hamlet
and Mindi M. Johnson

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.

Key attached to house shaped keychain laying on wood moustrap

How Cybercriminals are Targeting Real Estate Transactions

Scott H. Hogan

As you are finally getting ready to close on a dream real estate deal, you get an email from your mortgage broker with wire transfer instructions to get the deal done. Once the money is sent, the dream seems too good to be true. However, the dream can soon turn into a nightmare when you realize that you’ve been the victim of a costly crime...

In Memory of Tony Smith

It is with a heavy heart that we share the news of Webb “Tony” Smith's passing on the evening of April 2, 2025. Tony joined Foster Swift (then Foster, Campbell, Lindemer & McGurrin) in the summer of 1962 until his retirement in 2022. In 1989, Tony’s name was added to the masthead, giving the firm the name we know today.

Known as being a fierce yet civil litigator, he was equally well-known for his knowledge, leadership, and caring manner, Tony was always the first to greet new associates when they arrived at the firm. He served as a mentor to dozens of junior attorneys over the years and served as head of Foster Swift’s Diversity Committee.

Please keep his family in your thoughts. You can read his entire obituary on the Lansing State Journal.

Webb "Tony" Smith
(1938-2025)

Podcast Features Businesswomen Sharing Personal Journeys

To encourage women business leaders and future owners in Greater Lansing and around Michigan, Foster Swift has launched the monthly storytelling podcast: Businesswomen Talking. Each episode features a special guest, a local businesswomen leader or owner sharing their personal experiences such as how they got started, difficulties they have faced along the way and other insight.

The first three episodes are available on Foster Swift’s YouTube page as well as the following landing page: fosterswift.com/f-businesswomen-talking-podcast-episodes-resources.html along with other resources. More episodes will be released in the coming months.

Podcast hosts Amanda and Lindsey host a quarterly in-person coffee talk to allow attendees to share insights and stories along with legal strategies that are important to a thriving business. Here are the details for the next session:

When: Wednesday, June 4 from 8:30-9:30 AM
Where: Château Coffee Co., Annex Room
- 1701 S Waverly Rd., Lansing, MI 48917

As a bonus for attending, your coffee order will be on us! If you know you are attending and would like a coffee, please email your name and coffee order to info@fosterswift.com by Monday, June 2. Foster Swift will take care of the cost and place orders with Château so that coffees can be made as attendees arrive.

Podcast Focuses Legal Insights on NIL and College Sports

Having specialized legal experience in NIL and sports law not only assists student athletes in benefitting from their image but can also help businesses effectively explore opportunities and navigate challenges including:

Maintaining compliance with ever-evolving changes in the law and avoid legal landmines.
Contract negotiations with endorsements, sponsorships and licensing.
Protecting your intellectual property and how to capitalize on your image and brand.

To assist student athletes, parents and businesses in fully understanding this landscape to leverage opportunities and reduce risk, Foster Swift has launched its Sports Talk podcast. The first two episode are available on Foster Swift’s YouTube channel as well as Spotify. Each episode will feature special guests discussing how changes in NIL and sports law have affected them and what they expect on the horizon.

Episode 1 discusses the much-anticipated House v. NCAA settlement and its potential effects on men’s non-revenue sports. Podcast hosts, business attorneys Dave Russell and Charlie Sarchet and employment law attorney Tony Dalimonte talk with special guests:
1. Jake Boss Jr., Head Coach of Michigan State University’s (MSU) Baseball Team.
2. Dr. Tom Dieters, Founder and President of Charitable Gift America.
Episode 2 features Mark Uyl, Executive Director of the Michigan High School Athletic Association (MHSAA). The discussion shifts to legal and ethical considerations around NIL at the high school level and how student athletes, parents and coaches can navigate this new era.

Foster Swift Collins & Smith, PC E-Newsletters are intended for general information for our clients and friends. This newsletter highlights specific areas of law and is not legal advice. The reader should consult an attorney to determine how this information applies to any specific situation.

IRS Circular 230 Notice: To ensure compliance with requirements imposed by the IRS, we inform you that any U.S. tax advice contained in this communication is not intended to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed in this communication.

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