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Jenner & Block
No good deed goes unpunished. Those of us working with 401(k) plans are familiar with this sentiment.
Kramer Levin Naftalis & Frankel LLP
The Proposed Rule would replace final regulations implemented by the DOL in 2020.
Mayer Brown
On October 14, 2021, the U.S. Department of Labor (the "DOL") published a proposed regulation entitled "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights" (the "Proposed Rule").
Winston & Strawn LLP
On Sept. 10, the U.S. Court of Appeals for the Seventh Circuit ruled in Smith v. Board of Directors of Triad Manufacturing Inc. that an employee stock ownership plan's arbitration provision...
Ogletree, Deakins, Nash, Smoak & Stewart
This most recent guidance clarifies how the deadline extensions apply to COBRA elections and premium payments.
Groom Law Group
Plan sponsors, fiduciaries, and service providers are being asked by DOL investigators how their ERISA governed plans address cybersecurity concerns with increasing frequency.
Mayer Brown
On October 14, 2021, the U.S. Department of Labor (the "DOL") published a proposed regulation entitled "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights"
Cadwalader, Wickersham & Taft LLP
The DOL proposed amendments to ERISA Rules to clarify the application of ERISA's fiduciary duties of prudence and loyalty to selecting investments and investment courses of action.
Ogletree, Deakins, Nash, Smoak & Stewart
Holiday season and the end of the year are both quickly approaching, and with the turning of the calendar from 2021 to 2022 come several employee benefit plan amendment deadlines and implementation requirements.
Groom Law Group
On October 14, 2021, the Department of Labor (the "DOL") published a proposed regulation, "Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights"...
Seyfarth Shaw LLP
Seyfarth Synopsis: If an ERISA plaintiff establishes a fiduciary breach, expect the computation of damages to be a complicated process that may enhance damages through judgment.
Seyfarth Shaw LLP
Following countless years of bipartisan legislative efforts, financially troubled multiemployer pension plans were finally provided much welcome relief through the $1.9 trillion...
Reinhart Boerner Van Deuren s.c.
The amount of that assessment is based, in part, on the difference between the value of plan assets and the present value of the plan's future liabilities.
Cadwalader, Wickersham & Taft LLP
IAA requested a six-month extension after the December 20, 2021, expiration date.
Reinhart Boerner Van Deuren s.c.
On September 30, 2021, the DOL, HHS, and IRS released an Interim Final Rule (the Rule) regarding the surprise medical billing protections under the No Surprises Act (the Act).
Ford & Harrison LLP
On October 5, 2021, Governor Phil Murphy signed into law amendments to the New Jersey Law Against Discrimination (NJLAD) that significantly expand causes of action available to older workers.
Ogletree, Deakins, Nash, Smoak & Stewart
In a rare victory for employers that participate in multiemployer pension plans, the Sixth Circuit Court of Appeals held that the interest rate memorialized in the Segal Blend...
Akin Gump Strauss Hauer & Feld LLP
On September 28, 2021, in Sofco Erectors v. Trustees of the Ohio Operating Engineers Pension Fund, No. 20-3639/3671, 2021 BL 367718 (6th Cir. Sept. 28, 2021)...
Ostrow Reisin Berk & Abrams
The AICPA's Statement on Accounting Standards No. 136 (SAS 136), "Forming an Opinion and Reporting on Financial Statements of Employee Benefit Plans Subject to ERISA...
Dickinson Wright PLLC
A participant in a 401(k), 403(b), or other account-style retirement plan may name a beneficiary to receive his or her account balance after the participant's death.
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