In this installment of our Employee Benefits and Executive Compensation Considerations in Mergers and Acquisitions podcast series, Troutman Pepper Partners Joshua Gelfand and Michael Crumbock discuss current executive...more
As we wrote in November 2018, the Treasury Department issued proposed regulations that significantly relaxed many rules governing hardship distributions from qualified plans, including eliminating requirements that employee...more
10/11/2019
/ 403(b) Plans ,
Distribution Rules ,
Employee Benefits ,
Employer Contributions ,
Final Rules ,
Hardship Distributions ,
IRS ,
Proposed Regulation ,
Qualified Retirement Plans ,
Regulatory Requirements ,
Retirement Plan ,
Rulemaking Process ,
U.S. Treasury
For the one-year period beginning September 1, 2019 and ending August 31, 2020, plan sponsors of statutory hybrid plans will be able to apply for a favorable determination letter from the IRS....more
Covering legal developments and regulatory news for registered funds, their advisers and industry participants through June 30, 2019.
Auditor Independence With Respect to Certain Loans or Debtor-Creditor Relationships -
On...more
7/19/2019
/ Broker-Dealer ,
Capital Formation ,
Common Reporting Standard (CRS) ,
Conflicts of Interest ,
Duty of Care ,
Duty of Loyalty ,
ETFs ,
Fiduciary Duty ,
Financial Markets ,
Financial Services Industry ,
Form CRS ,
Investment Management ,
Investor Protection ,
Public Comment ,
Regulation Best Interest ,
Regulation S-X ,
Regulatory Standards ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
Included in the February 2018 Bipartisan Budget Act were important changes to the hardship withdrawal rules for defined contribution plans (401(k) and 403(b) plans) and a directive ordering the Treasury Department to modify...more
11/30/2018
/ 401k ,
403(b) Plans ,
Bipartisan Budget ,
Defined Benefit Plans ,
Employee Benefits ,
Hardship Distributions ,
IRS ,
Proposed Regulation ,
QMAC ,
QNEC ,
Regulatory Agenda ,
Regulatory Oversight ,
Retirement Plan ,
Taxation ,
Withdrawal Liability
The new standard requires broker-dealers providing advice with respect to IRAs to put their client’s interests ahead of their own.
The U.S. Department of Labor released new rules on April 6 that materially enlarge the...more
On July 24, the U.S. Court of Appeals for the First Circuit held that two private equity funds managed by Sun Capital could be liable for their portfolio company’s withdrawal liability from a multiemployer pension plan (Sun...more
It is standard practice that employment agreements condition payment of severance benefits or other separation compensation on the employee executing a general release of claims against the employer. However, unless...more