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The Department of Labor recently proposed an amendment to Prohibited Transaction Class Exemption 84-14.

The Setting Every Community Up for Retirement Enhancement Act of 2019 (the "SECURE Act"), the largest package of retirement system reforms in over a decade, was enacted on December 20, 2019.

On January 11, 2024, the Department of Labor ("DOL") released a final rule that provides new figures reflecting the adjusted civil penalty amounts for 2024, pursuant to the Federal Civil Penalties...

On October 6, 2021, the IRS released Notice 2021-58 (the "Notice"), which provides yet another round of guidance on the application of extended deadlines for COBRA elections and payments due to COVID-19.

Recent court decisions reveal diverging approaches to ERISA litigation involving prescription drug costs in self-funded health plans. While some courts have dismissed claims for lack of standing, a New York district court recently allowed certain claims to proceed, creating important precedents for both employers and plan participants. The case examines when participants can challenge out-of-pocket prescription drug costs and whether employers act as fiduciaries when designing pharmacy benefits.

The BBB Act also includes a number of health and welfare, retirement and executive compensation provisions.

As the U.S. private retirement system has largely shifted away from traditional pensions in favor of a defined contribution plan savings model, ...

On July 25, 2023, the Departments of Health and Human Services, Labor and Treasury ("Tri-Agencies") issued sweeping new guidance on the Mental Health Parity and Addiction Equity Act ("MHPAEA")...

The Departments of Health and Human Services, Labor, and Treasury released a final rule governing Federal Independent Dispute Resolution Operations under the No Surprises Act. While the rule aims to streamline dispute processing and reduce administrative burdens, it fails to address fundamental structural deficiencies that have led to overwhelming dispute volumes and provider-favoring outcomes.

Employers are facing a number of serious challenges that make managing a defined benefit pension plan even more difficult than usual.

The IRS has issued Notice 2025-67, announcing that many of the key retirement plan limits will increase next year. Most limits are subject to modest increases, with some remaining the same.

The Department of Labor ("DOL"), Department of the Treasury (the "Treasury"), and Pension Benefit Guaranty Corporation ("PBGC") (collectively, the "Agencies")...

On March 9, 2023, President Biden released his budget for Fiscal Year 2024. Similar to proposals in its last budget, the Administration's new budget proposes a number of major tax...

On April 25, 2024, the Department of Labor ("Department" or "DOL") published in the Federal Register its final Retirement Security Rule: Definition of an Investment Advice Fiduciary ("Advice Regulation").

On Wednesday, March 25, 2020, the Senate passed the Coronavirus Aid, Relief, and Economic Security Act (H.R. 748, the "CARES Act" or "the Act").

On April 23, 2024, the U.S. Department of Labor ("DOL" or "Department") issued a final regulatory package amending its fiduciary investment advice regulation and revising numerous...

On April 25, 2024, the U.S. Department of Labor ("DOL") published its much-anticipated final regulation on the definition of "fiduciary" under section 3(21)(a)(ii) of the Employee Retirement Income...

On October 30, 2020, the Department of Labor ("DOL") issued its much-anticipated final rule on Financial Factors in Selecting Plan Investments (the "Final Rule").