In December 2024, the U.S. Equal Employment Opportunity Commission ("EEOC") published a fact sheet addressing how federal nondiscrimination law...

Employers are accustomed to following rules related to executive compensation from the DOL, IRS, and SEC.

Today, President Biden signed into law the Consolidated Appropriations Act, 2022 ("CAA 2022"), which, among other things, temporarily renews certain relief to individuals to...

On June 21, 2024, the United States Court of Appeals for the Fifth Circuit ("Fifth Circuit") issued its ruling in Braidwood v. Becerra.[1] The court determined that the Affordable Care Act's ("ACA").

On January 22, the Departments of Labor, Treasury, and Health and Human Services ("Tri-Agencies") issued a set of Frequently Asked Questions ("ACA FAQs Part 64") clarifying the contraceptive-related services...

On March 28, the Biden Administration submitted its Fiscal Year 2023 budget proposals reflecting its budget and tax policy priorities...

One day after President Biden's Executive Order on Ensuring Responsible Development of Digital Assets, the Department of Labor's Employee Benefits Security Administration ("DOL") issued Compliance...

On June 23, 2023, the IRS issued Notice 2023-37 (the "2023 Notice") regarding COVID-19-related coverage for HSA-compatible high-deductible health plans...

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

On January 15, 2025, the Department of Labor ("DOL") issued notice amending its Voluntary Fiduciary Correction Program ("VFCP"), along with related final amendments to Prohibited...

The basic principle of the RA list is to identify changes that plans must make and to set a deadline for doing so.

On April 28, 2023, the Internal Revenue Service ("IRS") Office of Chief Counsel issued a Chief Counsel Advice ("CCA") explaining the requirements for claim...

The Treasury Department and IRS have introduced a new standardized framework for direct rollovers between retirement plans and IRAs, featuring a five-step process with sample forms designed to simplify what has historically been a fragmented and paper-heavy system. While adoption remains voluntary and no formal safe harbor exists yet, this initiative addresses longstanding inefficiencies in rollover procedures that have caused participant confusion and delays.

On November 17, 2025, the Division of Examinations ("Division") of the U.S. Securities and Exchange Commission ("SEC" or "Commission") published its annual examination...

The federal government has largely been "shut down" since continuing appropriations expired at midnight on September 30.

Over the years, many plan sponsors have accumulated surplus assets in their pension and welfare benefit programs for various reasons.

The Third Circuit Court of Appeals delivered a landmark ruling in In re Quest Diagnostics ERISA Litigation, affirming that plan fiduciaries who follow a prudent process are protected even when investment performance falters. The decision establishes that ERISA requires sound fiduciary procedures rather than perfect outcomes, and courts should defer to reasonable exercises of discretion when evaluating whether to retain underperforming funds.

CMS published the Calendar Year ("CY") 2024 Medicare Advantage ("MA") Capitation Rates and Part C and Part D Payment Policies ("Rate Announcement") on March 31 and, five days later...

Earlier this year, a Johnson & Johnson ("J&J") employee brought a class action complaint (the "Complaint") against J&J alleging fiduciary breaches under ERISA related to the prescription...

The Inflation Reduction Act of 2022 ("Act") imposed a 15% corporate minimum tax on the "adjusted financial statement income" ("AFSI") of taxpayers...