ERISA & Employee Benefits

PEPs Will be Up and Running by January 1, 2021

On November 16, 2020, the U.S. Department of Labor (DOL) issued a final rule at 85 Federal Register 72934, providing an electronic filing procedure for interested entities to meet the requirements for registering as a “pooled plan provider” for “pooled employer plans” under the Employee Retirement Income Security Act of 1974 (ERISA), as amended by the Setting Every Community Up for Retirement ...

Presidential Memorandum Stirs Long-Simmering Pension Issues

Employee benefits law often involves interaction between Congress, the Executive Branch, and the courts. That calls for an understanding of the politics of law reform and regulation. A recent presidential document illustrates the point.

IRS Announces Cost-of-Living Adjustments Affecting Retirement Plans

The Internal Revenue Service announced cost-of-living adjustments affecting certain dollar limitations for pension plans and other retirement-related limitations for 2021 in Notice 2020-79.

Court Says Third Party Administrator May Be Held Liable for ERISA Fiduciary Breach and Consumer Fraud in Connection With Abbott Plan Data Breach

Another court has decided which ERISA plan fiduciaries can be held liable in connection with a data breach of a plan participant’s account. On October 2, 2020, the Northern District of Illinois, in Bartnett v. Abbott Laboratories, et al., ruled that Alight Solutions, the TPA of the Abbott Corporate Benefits Stock Retirement Plan (the “Plan”), could be held liable for both an ERISA fiduciary ...

The Wagner Law Group Asks DOL for Cybersecurity Guidance

By Stephen Wilkes and Livia Quan Aber

DOL Lifetime Income Disclosure Regulation

By Barry Salkin and Roberta Casper Watson

IRS Issues Guidance on Qualified Birth or Adoption Distributions

By Barry Salkin and Livia Quan Aber

DOL Issues Proposed Regulations Establishing Registration Requirement for Pooled Plan Providers

By Barry Salkin and Susan Rees

IRS and PBGC Provide Guidance on CARES Act Relief for Funding of Single Employer Defined Benefit Plans

By Barry Salkin and Livia Quan Aber

August 31, 2020 IRS Deadlines Approaching

By Jon C. Schultze and Kimberly Shaw Elliott