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President Trump recently issued an executive order (EO) that effectively cancels federal collective bargaining agreements (CBAs) across 18 federal agencies.

On October 19, 2023, the UK government's Taskforce on Social Factors (Taskforce) launched a consultation to produce guidance on how pension funds can consider...

A Chicago-based union has filed a proposed class action lawsuit against Express Scripts, alleging the pharmacy benefit manager violated RICO by using a Swiss group purchasing organization to hide billions in drug company fees. The lawsuit claims Express Scripts diverted formulary placement fees through Ascent Health Services rather than passing savings to insured parties, breaching its fiduciary duties to help members reduce insurance costs.

In the continuing saga of the (possible) use of Environmental Social and Governance ("ESG") factors by retirement plan fiduciaries under the Employee Retirement Income Security Act...

Earlier this month we reminded you that plan administrators of participant-directed ERISA defined contribution retirement plans (e.g., 401(k) plans, 403(b) plans, profit sharing plans and money purchase plans) had to annually disclose certain fee information to participants and beneficiaries, and that for most plans there was an upcoming deadline in August 2013 for the second round of annual notices.

In Notice 2023-75, the IRS announced the various limits that apply to tax-qualified retirement plans in 2024. The "regular" contribution limit for employees who participate in 401(k), 403(b)...

Many of the limitations that apply to tax-qualified plans, including 401(k) and 403(b) plans, are subject to cost-of-living increases.

On December 17, 2021, Washington Governor Jay Inslee, Senate Majority Leader Andy Billig, and House Speaker Laurie Jinkins released a joint statement announcing that the premium assessment...

In our February 12th blog post, we raised the question of how to interpret the duration of the DOL/Treasury relief tolling certain benefit plan deadlines due to the COVID-19 pandemic.

SECURE 2.0 significantly changed the legal and administrative compliance landscape for retirement plans. Foley recently hosted a webinar where Leigh Riley, Kathleen Bardunias...

Your employees' retirement timing decisions will depend on a variety of factors, including their accumulated vested assets in your company's plan.

Recently a "whistleblower" leaked that the IRS had internally announced an upcoming modification to the very popular voluntary correction program ("VCP")...

The Department of Labor issued a final regulation (the "Regulation") regarding two statutory prohibited transaction exemptions relating to the provision of investment advice to beneficiaries of IRAs and participants in 401(k) plans and other defined contribution plans that provide for participant direction of investments.

In the event the DOL issues a final rule after April 10, 2017 that implements a delay in the applicability date.

On March 20, President Joe Biden used his first presidential veto to block a GOP-sponsored anti-ESG bill from taking effect. The bill would have eliminated a Department of Labor rule that allows...

In Faulk Company, Inc. v. Becerra, 2025 WL1085080 (N.D. Tex. 2025), an employer sued the U.S. Department of Health and Human Services (HHS) for failure...

The Mental Health Parity and Addiction Equity Act (MHPAEA), and its implementing regulations and guidance, prohibits health insurance policies and group health plans that cover mental health...