Briefed -
- Lawsuits targeting ERISA fiduciaries and sponsors are skyrocketing.
- A recent SCOTUS decision confirmed duty of prudence requires the fiduciary to monitor plan investment options and remove imprudent...more
After nearly 18 years, the Department of Labor (“DOL”) issued a new, voluntary safe harbor for retirement plan administrators who want to furnish Employee Retirement Income Security Act (“ERISA”) required notices and...more
Originally posted on March 27, 2020. This post has been updated to reflect guidance published by the Internal Revenue Service (IRS) on May 4, 202...more
The Coronavirus Aid, Relief, and Economic Security Act (the CARES Act) signed into law on March 27 by President Trump provides some welcome funding relief for employers who sponsor single-employer defined benefit pension...more
The Coronavirus Aid, Relief, and Economic Security Act (the ‘‘CARES Act’’) was passed into law March 27, 2020. The CARES Act provides a temporary waiver of required minimum distribution (“RMD”) rules for certain retirement...more
The Coronavirus Aid, Relief, and Economic Security Act (the ‘‘CARES Act’’) was passed into law earlier today. The CARES Act provides additional flexibility for participants affected by the coronavirus (COVID-19) to (1)...more
The United States Government Accountability Office (the “GAO”) has made public its January 28, 2020, report to Congress on the oversight of executive retirement plans by the Internal Revenue Service (the “IRS”) and the U.S....more
3/9/2020
/ Deferred Compensation ,
Employee Benefits ,
Executive Compensation ,
GAO ,
IRS ,
Pensions ,
Reporting Requirements ,
Retirement Plan ,
Tax Exempt Entities ,
Tax Qualified Plans ,
U.S. Treasury
The IRS issued Revenue Procedure 2019-44 today that provides the 2020 cost-of-living inflation adjustments for certain health and welfare benefit plans. Some of these amounts have been previously released by the IRS. Here are...more
If you use union employees in your projects, you may contribute to a multiemployer pension plan—perhaps a few cents or few dollars per hour worked. However, some employers are surprised to learn they could be assessed with...more
9/11/2019
/ Collective Bargaining Agreements (CBA) ,
Construction Industry ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Contributions ,
Multi-Employer Pensions ,
PBGC ,
Pensions ,
Retirement Plan ,
Taft-Hartley Act ,
Unions ,
Withdrawal Liability