On January 16, 2025, the US Department of Labor’s (DOL) Employee Benefits Security Administration (EBSA) released two pieces of guidance that, if finalized, would dramatically change the landscape for fiduciaries responsible...more
2/5/2025
/ Department of Labor (DOL) ,
EBSA ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
ESOP ,
Executive Orders ,
Fiduciary Duty ,
Legislative Agendas ,
New Regulations ,
Pensions ,
Prohibited Transactions ,
Proposed Regulation ,
PTEs ,
Regulatory Agenda ,
Retirement Plan ,
Trump Administration
The 2019 ESOP National Conference, an annual gathering for employee owners from all levels, association volunteer leaders and expert professionals, took place May 22–24. Two McDermott partners, Theodore (Ted) M. Becker and...more
WHAT’S THE EXPOSURE?
• Settlements up to $140 million
• Last year alone, settlements of $17 million, $22 million, $24 million, and among others
• Plaintiffs’ lawyers generally get 1/3 of the settlement amounts
• Plaintiffs’...more
3/22/2019
/ 401k ,
Affordable Care Act ,
Benefit Plan Sponsors ,
Breach of Duty ,
Burden of Proof ,
Class Action Arbitration Waivers ,
Common Stock ,
Corporate Counsel ,
Defined Contribution Plans ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Excessive Fees ,
Fiduciary Duty ,
Forum Selection ,
Loss Causation ,
Retirement Plan ,
Statute of Limitations