ArticleThe DOL's Fiduciary Rule: An Update And Practical AdviceAt least, plan sponsors should not make adjustments if they are currently using prudent practices. United StatesEmployment and HRCarlton Fields
ArticleThe Uninsured Fiduciary: Have You Read The Fine Print In Your Policy?If you are a plan fiduciary and your company has purchased fiduciary liability insurance, you and your board may have simply assumed that the policy would cover any fiduciary breach. United StatesEmployment and HROsler, Hoskin & Harcourt LLP
ArticleThird Circuit Limits Relief Available To ERISA Welfare Plans Seeking Reimbursement Of Medical ExpensesIn a case of significant importance for plan sponsors and fiduciaries, the U.S. Court of Appeals for the Third Circuit held in US Airways, Inc. v. McCutchen, No. 10-3836 (3d Cir. Nov. 16, 2011), that an employee benefit plan was not entitled to full reimbursement of medical expenses.United StatesEmployment and HRProskauer Rose LLP
ArticleThis Week From The Hill (July 13 – July 19, 2025)Now that Congress has passed the One Big Beautiful Bill ("OBBB"), lawmakers have resumed working on appropriations for Fiscal Year 2026.United StatesEmployment and HRGroom Law Group, Chartered
ArticleThis Week From The Hill (June 8 – 14, 2025)Senate Republican leadership expects to finish the Senate's work on the One Big Beautiful Bill ("BBB") package by the end of the month. However, there still appear to be major disagreements...United StatesEmployment and HRGroom Law Group, Chartered
ArticleThis Week From The Hill (March 3 – 9, 2024)Each week while Congress is in session, our Policy team delivers a key update to highlight a topical benefits, health, or retirement news item from the Hill...United StatesEmployment and HRGroom Law Group, Chartered
ArticleThis Week From The Hill (May 5 - 11, 2024)On April 23, DOL unveiled a final regulation defining "investment advice" and final amendments to important prohibited transaction exemptions ("PTEs"), including PTE 2020-02 and PTE 84-24.United StatesEmployment and HRGroom Law Group, Chartered
ArticleThis Week From The Hill (October 26 – November 1, 2025)On October 22, the Senate Special Committee on Aging held a hearing entitled, "Modernizing Health Care: How Shoppable Services Improve Outcomes and Lower Costs.United StatesEmployment and HRGroom Law Group, Chartered
ArticleTibble Supreme Court Argument: Fiduciaries Must Monitor InvestmentsThe justices did not seem inclined to spell out what was required in the duty to monitor, other than the normal fiduciary standard of prudence under the circumstances. United StatesEmployment and HRMcGuireWoods LLP
ArticleUnder Attack: ERISA Class-Action Lawyers Target Colleges And UniversitiesClass-action lawyers have begun targeting retirement savings plans offered by colleges and universities across the country. These lawsuits are founded in claims of ERISA breaches of fiduciary duty.United StatesEmployment and HRRopes & Gray LLP
ArticleWait What??? I Don't Have To Audit My Small Employer Retirement Plan Anymore??New rules change the method of counting participants for Form 5500 purposes, possibly both eliminating audits and allowing use of the abbreviated Form 5500-SF.United StatesEmployment and HRSeyfarth Shaw LLP
ArticleWelcome To The 21st Century—The DOL Proposes Changes To Antiquated Electronic Disclosure Rules Under ERISASynopsis: The Department of Labor ("DOL") just issued proposed rule changes governing the disclosure of ERISA-required notices via an electronic format United StatesEmployment and HRSeyfarth Shaw LLP
ArticleWhat Are The Retirement Plan Dollar Limits For 2023?The Secretary of the Treasury announced the 2023 limits for qualified retirement plans and IRAs based on cost of living increases. The Consumer Price Index for all Urban Consumers...United StatesEmployment and HRMcDermott Will & Schulte
ArticleWhat Is Driving The Great Resignation And Where Is It Headed?The growing tide of workers leaving their jobs, the so-called the "Great Resignation," is a major concern for employers throughout the U.S. and is wreaking havoc on the American economy.United StatesEmployment and HREdlin Gallagher Huie + Blum
ArticleWorkers Sue Cigna Alleging Misuse Of Forfeited 401(k) FundsCigna employees have filed a lawsuit against the company for allegedly violating its fiduciary duties under the Employee Retirement Income Security Act (ERISA).United StatesEmployment and HRHall Benefits Law
ArticleShareholder Activism Or Divestment? The Massachusetts Pension Fund Chooses ActivismThe Boston Globe reported yesterday that the Massachusetts Pension ReservesUnited StatesEnvironmentFoley Hoag LLP
ArticleCFPB Targets Pension Lenders In Dodd-Frank SuitThe complaint alleges that the defendants, in violation of the Dodd-Frank Act, deceived consumers, and notably veterans, concerning the costs and risks associated with the pension advances. United StatesFinance and BankingMcGuireWoods LLP
ArticleEIOPA Publishes Results Of Peer Review Under Solvency IIOn January 25, the EIOPA published the results of its peer review that examined how NCAs evaluated the propriety of AMSB members and qualifying shareholders between January 2016 and May 2017.United StatesFinance and BankingOrrick
ArticleNewly Launched MAPS Consults On National Strategy For Money And PensionsOn April 8, the Money and Pensions Service (MAPS) published a press release announcing its official launch, and a listening document on a national strategy for money and pensions and MAPS' three-year corporate plan.United StatesFinance and BankingOrrick
ArticleObama Administration Launches MyRA Retirement Savings ProgramSaving at an early stage is critical towards accumulating enough wealth for retirement.United StatesFinance and BankingORBA