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Seyfarth Shaw LLP
In 2024, we commemorate a significant milestone in the landscape of employee benefits law: the 50th Anniversary of the Employee Retirement Income Security Act (ERISA).
Hall Benefits Law
The U.S. Department of Labor (DOL) recently issued proposed regulations on automatic portability programs. These programs help employees who change jobs consolidate their retirement funds...
Stites & Harbison PLLC
In recent years, we have seen more and more ERISA class action claims against retirement plan sponsors and committees for breach of fiduciary duty.
Nossaman LLP
In the AHS decision, the Court upheld the ACERA Board's fiduciary authority and discretion to maintain its longstanding Percentage of Payroll methodology for funding the retirement system.
Holland & Knight
Multi-employer plan participants involved in an Employee Retirement Income Security Act of 1974 (ERISA) class action lawsuit against Horizon Actuarial Services LLC (Horizon), a national retirement...
Hall Benefits Law
A Florida district court judge has administratively closed an ERISA class action lawsuit against defense contractor L3Harris after the parties settled following mediation...
Jackson Lewis
An employer can contest a withdrawal liability assessment and ultimately prevail. That is the moral of Bulk Transport Corp. v. Teamsters Union No. 142 Pension Fund, No. 23-1563...
Hall Benefits Law
The U.S. District Court for the Northern District of California has given final approval to a $6.75 million settlement of a class action lawsuit filed by current and former LinkedIn employees...
Holland & Knight
Though the employer shared responsibility provisions of the Patient Protection and Affordable Care Act (PPACA) do not apply to small employers (generally, employers with fewer than 50 full-time...
Hall Benefits Law
The U.S. Department of Labor has released the Federal Civil Penalties Inflation Adjustment Act Annual Adjustments for 2024. These adjustments apply to a wide range of benefit-related civil monetary...
Reinhart Boerner Van Deuren s.c.
On February 7, 2024, the Internal Revenue Service (IRS) announced it has commenced the second phase of its Pre-Examination Retirement Plan Compliance Program Pilot.
Hall Benefits Law
According to a 2023 Accenture report, in conjunction with Disability:IN and the American Association of People with Disabilities, organizations implementing disability-inclusive policies...
Mayer Brown
Following the shift from defined benefits plans to 401(k) plans, we are increasingly seeing asset managers develop collective investment trusts ("CITs") with in-plan "lifetime income" products.
Mintz
The recent Complaint filed for severance benefits against Elon Musk, X Corp., et.al., serves as a reminder that it is as important to clearly establish the fiduciary governance structure over severance plans subject to the Employee Retirement Income Security Act of 1974, as amended.
Mintz
Recently, a Texas federal court denied the defendants' motion to dismiss in a lawsuit featuring allegations that an employer's 401(k) plan, which allegedly relied on ESG principles when making investments, violated ERISA.
Foley & Lardner
Recruiting and retaining top executives can be challenging for non-governmental tax-exempt organizations such as Code §501(c)(3) organizations, private universities, and certain healthcare organizations (Nonprofits).
Smith Gambrell & Russell
The U.S. District Court for the Northern District of Illinois (the "District Court") recently entered a temporary injunction halting enforcement of certain benefits-related provisions...
Mintz
Of Counsel Michelle Capezza spoke with Fiduciary News providing insights on the Employee Retirement Income Security Act and whether it unintentionally contributed to the decline of traditional pension programs.
Groom Law Group
On March 11, 2024, President Biden released his budget for Fiscal Year 2025. Hewing closely to proposals in its last budget, the Administration's new budget...
Groom Law Group
On March 15, the White House Office of Management and Budget ("OMB") released a final amendment to Prohibited Transaction Exemption 84-14...
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