Benefit Plan Sponsors

Changes Afoot for ERISA “Reportable Event” Rules

by Mark Hamilton, Kellie Thomas | White & Case LLP on 5/10/2013

As many as 90% of pension plans and pension plan sponsors may soon have fewer “reportable events” to track and report to the Pension Benefit Guaranty Corporation (the “PBGC”), if certain proposed changes to the PBGC...more

“Stuff” Every 401(k) Plan Sponsor Must Keep

by Ary Rosenbaum on 5/7/2013

George Carlin said that all you need in life is a place for your stuff. Carlin said that all a house really is; is a place for your stuff. When it comes to being a retirement plan sponsor, retirement plan sponsors need a...more

Monthly Benefits Update - April 2013

by Andrew Malahowski | Franczek Radelet P.C. on 5/1/2013

Health Care Reform: Guidance on Required Future Modifications to SBC, Other Issues - The Internal Revenue Service (IRS), Department of Labor (DOL), and Department of Health and Human Services (HHS) issued new guidance...more

What Every Private Equity Fund Manager Should Know About ERISA

by The R. Bernard Law Group on 4/26/2013

What is ERISA? The Employee Retirement Income Security Act of 1974 (“ERISA”) protects the interests of employee benefit plan participants by establishing strict standards of conduct for “plan fiduciaries” – i.e.,...more

Say "Goodbye" to Your 401(K) Plan as You Know It?

by Baker, Donelson, Bearman, Caldwell &... on 4/24/2013

From time to time, we hear about threats to the Social Security System – even talk about eliminating it for younger workers. Some reports indicate that about half of Americans have less than $10,000 in savings, while other...more

403(b) Plans – Correction Of Plan Errors

by Lisa Berkowitz Herrnson | Proskauer - ERISA Practice Center on 4/18/2013

Final Internal Revenue Code Section 403(b) regulations issued December 31, 2009 require that plan sponsors adopt written 403(b) Plan documents. A 403(b) Plan is a form of defined contribution retirement plan that may only be...more

Why Retirement Plan Sponsors Need To Care About Plan Design

by Ary Rosenbaum on 4/16/2013

Would you leave money on the table for the government to take instead? Would you not maximize your retirement savings because your accountant or third party administrator (TPA) told you that you had to give the same amounts...more

PBGC Proposes New Regulations Under Reportable Events Rule

by Lisa H. Barton, Brian J. Dougherty, R. Randall Tracht | Morgan Lewis on 4/12/2013

New rules signal relief for financially sound plans and plan sponsors and are consistent with PBGC's section 4062(e) enforcement policy for "plant shutdown" liability....more

The ERISA Litigation Newsletter - April 2013

by Stacey Cerrone, Amy Covert, Russell Hirschhorn, Robert Rachal, Myron Rumeld, Howard Shapiro | Proskauer Rose LLP on 4/12/2013

Editor's Overview - The importance of clear and unambiguous plan language cannot be overstated. The Second Circuit recently applied this well-established principle to conclude that a plan's administrative claims process must...more

Court Rewrites Plan to Increase Benefits

by King & Spalding on 3/29/2013

The Supreme Court’s 2011 CIGNA v. Amara decision suggested that an employer’s pension plan could be rewritten to remedy the employer’s failure to fulfill its disclosure obligations under the Employee Retirement Income...more

Carrigan Case: Supreme Court of Canada Dismisses Leave to Appeal

by Douglas Rienzo | Osler, Hoskin & Harcourt LLP on 3/29/2013

This morning, the Supreme Court of Canada dismissed the application for leave to appeal in Carrigan v. Carrigan Estate. As a result, the Ontario Court of Appeal’s new interpretation of the priority scheme for the payment of...more

Same-Sex Marriage Cases: Are Your Benefit Plans Prepared?

by Christine Hawkins, Dipa N. Sudra | Davis Wright Tremaine LLP on 3/29/2013

News articles, social media, protests, and lunchroom conversation were all dedicated to the two cases before the U.S. Supreme Court this week. Hollingsworth v. Perry and Windsor v. United States could potentially transform...more

Another 10 Major Misconceptions Plan Sponsors Have About Their Retirement Plans

by Ary Rosenbaum on 3/26/2013

Throughout history, there have been misconceptions that people believe in (even until this day) despite the evidence to the contrary. Mrs. O’Leary’s cow didn’t start the Great Chicago Fire of 1871 and Benito Mussolini didn’t...more

DOL Publishes Helpful Self Compliance Tools

by Angela Bohmann | Leonard, Street and Deinard - Employee... on 3/7/2013

The Department of Labor has published two checklists that plan sponsors can use to test their compliance with group health plan requirements. One checklist addresses the Affordable Care Act (ACA or health care reform)...more

Target Date Retirement Funds – Tips For Plan Fiduciaries

by Angela Bohmann | Leonard, Street and Deinard - Employee... on 3/7/2013

Many plan sponsors have selected so-called “target date” funds as the default investment under the plan sponsor’s 401(k) or other qualified plan. A target date fund is one that includes investments in different asset classes...more

IRS and US Department of Labor Continue to Expand, Encourage and Simplify Correction Programs in 2013 Updates to EPCRS and DFVCP

by Gregory Brown, Christopher K. Buch, Russell E. Greenblatt, Gary Howell, Ann Kim, Daniel B. Lange, William Mattingly | Katten Muchin Rosenman LLP on 3/1/2013

Plan sponsors know that errors and failures in administering a retirement plan happen. All too often, changes in administrators, service providers and other staff uncover errors and compliance problems that should be...more

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Changes Afoot for ERISA “Reportable Event” Rules

“Stuff” Every 401(k) Plan Sponsor Must Keep

Monthly Benefits Update - April 2013

What Every Private Equity Fund Manager Should Know About ERISA

Say "Goodbye" to Your 401(K) Plan as You Know It?

403(b) Plans – Correction Of Plan Errors

Why Retirement Plan Sponsors Need To Care About Plan Design

PBGC Proposes New Regulations Under Reportable Events Rule

The ERISA Litigation Newsletter - April 2013

Court Rewrites Plan to Increase Benefits

Carrigan Case: Supreme Court of Canada Dismisses Leave to Appeal

Same-Sex Marriage Cases: Are Your Benefit Plans Prepared?

Another 10 Major Misconceptions Plan Sponsors Have About Their Retirement Plans

DOL Publishes Helpful Self Compliance Tools

Target Date Retirement Funds – Tips For Plan Fiduciaries

IRS and US Department of Labor Continue to Expand, Encourage and Simplify Correction Programs in 2013 Updates to EPCRS and DFVCP

CMS Announces Proposed Rule Implementing the ACA's MLR Requirements for MA and Prescription Drug Plans

DOL Clarifies Application of ERISA Rules to Cleared Swaps

Indalex: What Are the Pension Implications?

Quebec Court of Appeal Refuses to Authorize Pension Class Action

Indalex: What Are the Pension Implications?

The IRS Releases Revised Retirement Plan Correction Program

Fiscal Cliff Legislation Expands In-Plan Roth Conversion Opportunities

IRS Updates and Expands Qualification Correction Program

2013 Filing and Notice Deadlines for Qualified Retirement and Health and Welfare Plans

Expand Your Reach