Popular, Benefit Plan Sponsors

Landmark Mental Health Parity Final Rule: What Plan Sponsors and Insurers Need to Know

McDermott Will & Emery on 9/18/2024

The US Departments of the Treasury, Labor, and Health and Human Services (the Departments) recently issued much-anticipated final regulations under the Mental Health Parity and Addiction Equity Act (MHPAEA). The newly issued...more

Interim Guidance on Matching Qualified Student Loan Payments

Patterson Belknap Webb & Tyler LLP on 9/5/2024

Until recently, employer matching contributions under qualified plans were required to be conditioned solely upon employee contributions made to the plan. However, one of the many changes enacted by the Consolidated...more

IRS Finalizes Required Minimum Distribution Regulations

Laner Muchin, Ltd. on 8/20/2024

The IRS recently published its final regulations addressing changes to Tax Code Section 401(a)(9), relating to required minimum distributions (RMDs), under the Setting Every Community Up for Retirement Enhancement Act of 2019...more

What Is the Future of Monetary Relief under ERISA, Section 502(a)(3)?

DRI on 4/15/2024

The Employee Retirement Income Security Act of 1974 (“ERISA”), as amended, regulates virtually every private employee benefit program in the United States. Among other things, ERISA contains its own civil enforcement section,...more

The No Surprises Act: A Cost Saving Opportunity for Employer Plan Sponsors

Hall Benefits Law on 1/4/2024

Benefits costs continue to increase globally, and in the midst of high inflation and potentially a recession, executives are exploring cost effective methods to manage their self-insured health plans without compromising the...more

2023 Year-End Employee Benefits Updates

Quarles & Brady LLP on 11/16/2023

This newsletter provides updates employers should be aware of heading into 2024, including an outline of the updated 2024 retirement and welfare plan limits, instructions related to the “gag order” attestation requirements...more

Retirement Plan Amendments and 2023 Year-End Action Items

Alston & Bird on 11/6/2023

Our Employee Benefits & Executive Compensation Group reminds plan sponsors to get ready for 2023 IRS year-end amendments and offers year-end action items....more

Breaking Up Is Hard to Do: The End of the COVID Mandates and Outbreak Period Extensions

Alston & Bird on 4/21/2023

The National Emergency brought about by the COVID-19 pandemic may be at an end, but there are still administrative details to sort out. Our Employee Benefits & Executive Compensation Group provides in-depth analysis for how...more

Launch of State Alliance Against “ESG Investing”

Cadwalader, Wickersham & Taft LLP on 3/22/2023

On March 16, 2023 the Republican governors of 19 states announced an alliance led by Florida Governor Ron DeSantis, to “push back against President Biden’s environmental, social, corporate governance (ESG) agenda that is...more

SECURE Act 2.0 Summary of Changes to Retirement Plans

Williams Mullen on 1/9/2023

President Biden signed the SECURE 2.0 Act of 2022 (“SECURE 2.0”) as part of the Consolidated Appropriations Act of 2023 on December 29, 2022. SECURE 2.0 includes significant changes for the administration of employee benefit...more

Department of Labor Finalizes Amendments to Investment Duties Regulation

Goodwin on 1/3/2023

On December 1, 2022, the Department of Labor (DOL) released final amendments to its regulation on investment duties under Section 404(a) of ERISA. The amendments will go into effect on January 30, 2023....more

DOL has grave concern over Fidelity bitcoin decision

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 8/30/2022

The Department of Labor criticized Fidelity Investments’ plan to allow investors to put bitcoin in their 401(k) accounts....more

Fidelity to offer crypto window in 401(k) plans

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 8/25/2022

Fidelity Investments will allow investors to put bitcoin (BTC) into their 401(k) retirement savings accounts later this year....more

Post-Roe Issues for Health Plan Sponsors: Navigating the Rapidly Changing Legal Landscape

Alston & Bird on 7/18/2022

After the U.S. Supreme Court’s Dobbs ruling overturning Roe, employer health plans and insurers are left with the task of determining which state laws are applicable and whether federal preemption (under ERISA or otherwise)...more

The Mid-2022 401(k) Plan Sponsor Update

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on 6/21/2022

Time goes so quickly and a 401(k) plan sponsor can’t let it slip away without being on top of things. Before we blinked, it was already summer. One of the problems with being a plan sponsor is that the law, regulations, and...more

SECURE Act 2.0 Passes the House: Which Retirement Plan Rules Would Change?

Miller Canfield on 4/1/2022

Key Takeaways - ..SECURE Act 2.0 passed the U.S. House of Representatives on March 29, 2022. ..SECURE Act 2.0 would make changes to employer-sponsored retirement plans to expand coverage and increase savings, as well as...more

DOL Warns 401(k) Plan Fiduciaries about Cryptocurrency Investments

Dorsey & Whitney LLP on 3/23/2022

Investments in Cryptocurrencies such as Bitcoin and Ethereum are becoming more and more mainstream. Driven by outrageous returns, and presenting outrageous volatility and risk, both traditional institutional and individual...more

COVID-19 Testing Coverage Requirements for Group Health Plans and Insurers to Take Effect on January 15, 2022

Ogletree, Deakins, Nash, Smoak & Stewart,... on 1/12/2022

Employer health plans and health insurers will be required to cover over-the-counter (OTC) COVID-19 tests, even without a health care provider’s order or an individualized clinical assessment, and generally without cost...more

Cybersecurity and Data Privacy for Benefit Plans

Clark Hill PLC on 12/8/2021

With a new year comes an increasing call for action for benefit plans and their administrators to ensure the privacy and security of plan and participant information. Data privacy and security are important for many reasons,...more

[Webinar] Hot Topics and Trends in Employee Benefits: What Employers Need to Know - November 3rd, 12:00 pm - 1:30 pm ET

Epstein Becker & Green on 10/27/2021

Attorneys from our Employee Benefits and Executive Compensation practice provide insights on current issues facing various types of employee benefits programs. Topics include: - Cybersecurity - DOL Audit Initiatives -...more

Cybersecurity Requests Appear in DOL Audits

Groom Law Group, Chartered on 10/19/2021

Plan sponsors, fiduciaries, and service providers are being asked by DOL investigators how their ERISA governed plans address cybersecurity concerns with increasing frequency. These requests may take the form of production...more

Don’t Be Insecure: DOL Guidance Addresses Cybersecurity for ERISA Plans

ArentFox Schiff on 8/9/2021

The Department of Labor (DOL) recently issued new guidance on best practices for maintaining cybersecurity in connection with ERISA plans (the Guidance). The Guidance, which is intended for sponsors, fiduciaries, record...more

Plan Cybersecurity Guidance: DOL Enforcement Warrants Plan Sponsor Action

Poyner Spruill LLP on 8/3/2021

Benefit plan sponsors and plan fiduciaries should take note and act quickly—the Department of Labor (DOL) has issued a new cybersecurity guidance package with far-reaching effects and has already begun including this in its...more

DOL Begins Audit of Retirement Plans for Cybersecurity Shortfalls

Bass, Berry & Sims PLC on 7/15/2021

To increase protections for the estimated $9.3 trillion in American retirement assets, the Department of Labor (DOL) has begun a new cybersecurity audit initiative for retirement plans. After providing its first set of...more

DOL Releases Cybersecurity Best Practices Guidance for Protecting Retirement Benefits

Holland & Knight LLP on 7/1/2021

For the first time, the U.S. Department of Labor's (DOL) Employee Benefits Security Administration (EBSA) has released cybersecurity guidance aimed at protecting workers' retirement benefits. The guidance, which was released...more

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