ERISA & Employee Benefits

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

Proposed Changes to DOL Fiduciary Investment Regulation: What You Should Know and How The Wagner Law Group Responded

By Ivelisse Berio LeBeau, Barry Salkin and Stephen Wilkes

The Wagner Law Group Receives IRS Approval of its Defined Contribution Plan

The Wagner Law Group is pleased to announce that we have received IRS approval of our non-standardized defined contribution plan document, further bolstering our firm’s position at the forefront of the qualified retirement plan document and compliance realm.