The Bottom Line Employers are rightfully concerned that many of their employees are dealing with a host of serious financial issues caused by COVID-19. Employers have been further frustrated that Internal Revenue Service (IRS) rules have prevented them from relieving their employees’ stress by Continue Reading
Retirement Plans: Regulators Provide Relief from Certain ERISA Requirements During the COVID-19 Crisis
The Bottom Line The Notice provides valuable relief from the DOL’s enforcement of certain requirements under Title I of ERISA. However, the Notice does not affect a participant or beneficiary’s enforcement rights under ERISA.Much of the relief provides that enforcement actions will generally not be Continue Reading
COVID-19 Considerations for Retirement Plan Sponsors and Committees
The Bottom Line Employers must take action now to provide appropriate oversight of their retirement plans, both in reaction to recent legislation and extreme stock market volatility due to COVID-19. This is especially true for those employers that have needed to reduce their active Continue Reading
Employee Relations Law Journal | Sacerdote v. NYU: Lessons for Plan Fiduciaries
Over the last few years lawsuits have been filed against approximately 20 university retirement plans. Typically, the lawsuits allege that plan fiduciaries breached their duties by offering poorly performing funds and allowing their plans to pay excessive fees. Defendants include: Among these Continue Reading
Employee Relations Law Journal | DOL Expands Access to Association Health Plans
Employee Relations Law Journal | Dudenhoeffer and the Duty to Monitor
Student Loan Repayment Benefit Under a 401(k) Plan: An Important New Benefit That Employers Can Offer Right Now
The Bottom Line Employers who wish to attract and retain a young and educated workforce should consider amending their 401(k) plans to provide this benefit. Employers interested in providing this student loan repayment benefit should consult with ERISA counsel prior to Continue Reading
Stafford Publications, Inc. Webinar | Fiduciary Litigation for Defined Contribution Plan Administrators: Risks and Challenges (Selecting Plan Investments, Monitoring Fees, Breach of Duty Claims, Recent Court Decisions on New DOL Fiduciary Rule)
Mark E. Bokert, Davis+Gilbert partner and Benefits + Compensation Co-Chair, will be a panelist during a Stafford Publication, Inc. interactive webinar, "Fiduciary Litigation for Defined Contribution Plan Administrators: Risks and Challenges" on June 5. Session Overview Fiduciary Continue Reading