In welcome news for plan sponsors and other fiduciaries considering lifetime income solutions for their defined contribution ("DC") plans...

On April 3, 2025, the Department of Labor ("DOL") issued Field Assistance Bulletin 2025-02 (the "Bulletin"), which provides guidance related to certain modifications made by the SECURE 2.0 Act of 2022 ("SECURE 2.0")...

Today, the U.S. Department of Labor ("DOL") published a set of three direct final rules ("DFRs") in the Federal Register.

The Department of Labor ("DOL") recently announced (88 Fed. Reg. 9408, Feb. 14, 2023) that it will reopen the public comment period on proposed amendments to DOL's...

Lawsuits bringing fiduciary claims under ERISA continue to surge, but trials remain a rarity. Against that backdrop, Nunez et al., v. B. Braun Medical Inc. et al. stands apart.

The Coronavirus Aid, Relief, and Economic Security Act ("CARES Act") passed earlier this year delayed the due date of quarterly and final contributions otherwise due in calendar year 2020 to January 1, 2021.

The Setting Every Community Up for Retirement Enhancement Act of 2019 ("SECURE Act"), directed that guidance be issued providing that a section 403(b)(7) custodial account could make...

The IRS has updated its guidance on educational assistance programs under Code section 127, clarifying key timing requirements for expense reimbursements and student loan payments. These changes address long-standing questions about when employers can provide tax-free educational benefits and how the recent One Big Beautiful Bill Act affects annual contribution limits.

On May 20, 2024, the IRS issued private letter ruling ("PLR") 202434006 (the "2024 PLR") that permits employees to allocate an employer contribution among various benefits outside of a cafeteria plan.

On January 24, 2022, in a unanimous decision, the Supreme Court in Hughes v. Northwestern reinstated the long-running case against Northwestern University by sending the case back to the lower courts for further review.

On February 18, 2022, President Biden again formally extended the COVID-19 National Emergency, which was set to expire on March 1, 2022. As explained in detail in our previous alerts...

Earlier this year, the IRS released draft versions of 2022 Forms W-4P and W-4R for pension and IRA withholding on payments, to be used beginning on or after January 1, 2022.

The ongoing implementation of the No Surprises Act's ("NSA") prohibition on surprise balance billing, and the related independent dispute resolution ("IDR")...

In the example discussed in the CCA, an employer provided its employees the ability to enroll in a fixed indemnity health insurance policy intended to supplement the employer's group health coverage.

On April 16, 2024, the IRS issued Fact Sheet 2024-13, which includes FAQs addressing the tax treatment of employer-provided work-life referral services.

The IRS provided welcome relief from Code section 401(a)(9) RMD compliance for 2021 and 2022 for post-death distributions to beneficiaries under IRAs and defined contribution plans. IRS Notice 2022-53 ("Notice").

On March 21, 2023, the Department of Treasury ("Treasury") and Internal Revenue Service ("IRS") released Notice 2023-27, which announced that Treasury and the...

On April 17, 2025, the Supreme Court ruled in Cunningham v. Cornell University that, to state a claim under ERISA section 406(a), plaintiffs need only allege the elements contained in section 406(a).

The Departments of Treasury, Labor, and Health and Human Services have proposed new regulations establishing fertility benefits as a distinct category of limited excepted benefits, responding to Executive Order...

The SEC Staff has issued guidance clarifying how pooled employer plans (PEPs) should be treated under federal securities registration requirements, particularly addressing a significant barrier that has limited PEP investments in collective investment trusts when self-employed individuals participate.