Update as of 5/15/2025 Following the date of this publication, in May 2025, under President Trump, the Departments announced a non-enforcement policy with respect to the requirements of the 2024 Final Regulations discussed herein, as issued under President Biden. Until the final resolution Continue Reading
Employee Relations Law Journal | Excessive Fee Suits Imperil ERISA Fiduciaries for Health and Welfare Plans
The standards that ERISA fiduciaries owe to the plans they oversee have been called “among the highest duties known to law... more exacting than the duties imposed upon common law trustees.” In recent years, ERISA fiduciaries of retirement plans have experienced heightened scrutiny from plan Continue Reading
The IRS Releases Grab Bag Guidance on the SECURE 2.0 Act
The Bottom Line Almost a year after the SECURE 2.0 Act of 2022 was enacted as part of the Consolidated Appropriations Act, 2023, the IRS released guidance (Notice 2024-2) in the form of a grab bag Q&A aptly named “Miscellaneous Changes Under the SECURE 2.0 Act of 2022.” The Notice covers Continue Reading