5,361 results found

On April 3, 2013, the Pension Benefit Guaranty Corporation ("PBGC") issued a proposed rule amending its existing reportable events rule.

As we previously discussed in our article, the American Rescue Plan Act of 2021 ("ARPA") provides that eligible multiemployer pension plans ("MEPPs") can receive special financial assistance ("SFA")...

Seyfarth Synopsis: The Pension Benefit Guaranty Corporation (PBGC) recently issued a final rule intended to simplify the calculation

Lehigh Valley Health Network Inc., a Pennsylvania health system, has agreed to settle a 401(k) forfeiture suit for $1.15 million. The company operates 32 hospitals...

The Pensions Dashboards Programme (PDP) has published a blog post about its updated draft reporting standards for pension providers and schemes.

Several large employers are disputing how much money the New York Times owes a union multiemployer pension fund.

The Policy Week in Review, prepared by Littler's Workplace Policy Institute (WPI), sets forth WPI's updates on federal, state, and local matters.

ERISA is replete with details. Among them is the proper forum for litigation under the statute. ERISA lists multiple potential venues. The question then becomes whether an ERISA plan can mandate...

On February 3, 2017, President Trump issued a Presidential Memorandum requiring the US Department of Labor to reconsider its proposed "fiduciary rule,"...

The U.S. Department of Labor (DOL) recently announced its intent to move forward with a rule designed to protect employees with disabilities from receiving substandard wages.

The Employee Benefits Security Administration ("EBSA") has issued a notice proposing an extension to the rules regarding required fee disclosures to plan fiduciaries and participants.

Under the traditional common law rule of successorship liability, it is well established that, absent a specific agreement to the contrary, an entity that purchases the assets of another entity does not assume the seller’s liabilities unless one of the following exceptions applies:

The decision in Bolton v. Inland Fresh Seafood Corp. of America Inc., No. 22-cv-4602 (N.D. Ga. Dec. 5, 2023)should serve as a reminder to all ERISA practitioners that...

A federal district court judge denied Qualcomm Inc.'s motion to dismiss a lawsuit filed by a former employee and current company 401(k) retirement plan participant.

Americans are deeply concerned about their financial futures—and our recent research highlights the urgency of addressing retirement income security.

Before 2020, the IRS had long taken the position that an ESOP, and any other retirement plan for that matter, must be adopted no later than the end of the first tax year in which the employer wished to claim a deduction ...

In 2011 and 2012, we alerted you to new requirements on plan administrators of participant-directed defined contribution retirement plans (e.g., 401(k) plans, 403(b) plans, profit sharing plans and money purchase plans) that are covered by the Employee Retirement Income Security Act ("ERISA") to disclose certain plan and investment-related information, including fee, expense and investment performance information, to participants and beneficiaries.

On May 23, the U.S. House of Representatives passed the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) by a vote of 417 – 3.