In response to a request by U.S. Senators Ron Wyden (Oregon), Bernie Sanders (Vermont) and Patty Murray (Washington), the Government Accountability Office (“GAO”) earlier this year completed a study and published a report...more
On October 22, 2019, the U.S. Department of Labor (DOL) announced proposed regulations that would allow disclosures for retirement plans to be posted online. The proposal aims to make retirement plan disclosures more...more
Multiple Employer Plans: Proposed IRS Regulations Eliminate the “One Bad Apple” Rule -
A multiple employer plan (MEP) is a tax qualified retirement plan that is maintained by two or more employers who are not part of the...more
8/28/2019
/ Benefit Plan Sponsors ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Exemptions ,
IRS ,
Multi-Employer Pensions ,
Notice Requirements ,
PBGC ,
Pensions ,
Retirement Plan
The U.S. Department of Labor (the "DOL") issued an Information Letter on December 8, 2018 (the “Letter”) confirming that state laws requiring written consent before amounts are withheld from employees’ wages to contribute to...more
4/3/2019
/ 401k ,
Automatic Enrollment ,
Benefit Plan Sponsors ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Group Health Plans ,
Filing Deadlines ,
Notice Requirements ,
Preemption ,
Qualified Retirement Plans ,
Retirement Plan
Employers and Benefits Practitioners Eagerly Await Final Regulations on Expanded Use of HRAs -
The Internal Revenue Service (IRS), Department of Labor (DOL) and Department of Health and Human Services (HHS, together with...more
3/5/2019
/ Affordable Care Act ,
Department of Labor (DOL) ,
Employee Benefits ,
Executive Orders ,
Filing Deadlines ,
Health Insurance ,
HRA ,
Human Resources Professionals ,
IRS ,
Notice Requirements ,
Retirement Plan
The Death of the Fiduciary Rule: the Fifth Circuit Vacates the Fiduciary Rule -
On June 21, 2018, the United States Court of Appeals for the Fifth Circuit officially vacated the Department of Labor’s (the “DOL’s”)...more