The U.S. Department of Labor (DOL) published a proposed regulation on October 14, 2021, that would clarify how fiduciaries of private sector employee benefit plans should apply ERISA’s fiduciary duties of prudence and loyalty...more
10/29/2021
/ Biden Administration ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Environmental Social & Governance (ESG) ,
Executive Orders ,
Fiduciary Duty ,
Investment ,
Investment Management ,
Proposed Regulation ,
Proxy Voting ,
Public Comment ,
Regulatory Oversight ,
Shareholder Rights
Employee benefits professionals have faced many challenges in 2020. We have seen remarkable changes to state and local requirements, an onslaught of new benefits legislation and governmental policies, shifting reporting and...more
12/10/2020
/ Benefit Plan Sponsors ,
CARES Act ,
Coronavirus/COVID-19 ,
Cybersecurity ,
Deferred Compensation ,
Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Final Rules ,
Investment Funds ,
IRS ,
Power of Attorney ,
Publicly-Traded Companies ,
Retirement Plan ,
Safe Harbors ,
SECURE Act ,
State and Local Government ,
Tax Cuts and Jobs Act
Many employee benefit plan sponsors, administrators, and fiduciaries have been asking about regulatory relief in response to administrative challenges created by the COVID-19 pandemic. Most recently, the U.S. Departments of...more
5/5/2020
/ Benefit Plan Sponsors ,
CARES Act ,
Coronavirus/COVID-19 ,
Department of Health and Human Services (HHS) ,
Department of Labor (DOL) ,
EBSA ,
Economic Injury Disaster Loans ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Extensions ,
U.S. Treasury
Thirty-five years after deciding that arbitration clauses in employee benefit plans governed by the Employee Retirement Income Security Act of 1974 (ERISA) were unenforceable, the U.S. Court of Appeals for the Ninth Circuit...more
10/23/2019
/ Arbitration ,
Arbitration Agreements ,
Arbitrators ,
Benefit Plan Sponsors ,
Binding Arbitration ,
Class Action Arbitration Waivers ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Mandatory Arbitration Clauses ,
Plan Administrators ,
Retirement Plan