Crypto may be back on the table for 401(k) plans, but fiduciary duties remain as demanding as ever. On May 28, 2025, the U.S. Department of Labor Employee Benefits Security Administration (DOL) issued Compliance Assistance...more
With bank uncertainty making headlines, we answer employers’ most frequently asked questions about the consequences of payroll delays, strategies for mitigating risk and more.
...more
3/17/2023
/ 401k ,
Banking Sector ,
COBRA ,
Corporate Counsel ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Fair Labor Standards Act (FLSA) ,
Furloughs ,
Income Taxes ,
IRS ,
Medicare ,
Paid Time Off (PTO) ,
Payroll Taxes ,
Penalties ,
Risk Mitigation ,
Trust Fund Recovery Penalty (TFRP) ,
Unemployment Insurance ,
Voluntary Fiduciary Compliance Program (VFCP) ,
Voluntary Reduction in Force
In light of a new DOL audit initiative and increasing cybersecurity threats to ERISA benefit plans, ERISA plan sponsors and fiduciaries should be prepared to answer some important questions: Do the cybersecurity programs of...more
6/24/2021
/ 401k ,
Audits ,
Cybersecurity ,
Data Protection ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Fraud ,
Individual Retirement Account (IRA) ,
New Guidance ,
Popular ,
Retirement Plan ,
Third-Party Service Provider
Legislation enacted in recent months should result in fewer operational errors and expanded participant opportunities.
The Tax Cuts and Jobs Act extends the period a participant may make a tax-free loan rollover to an IRA...more
3/9/2018
/ 401k ,
Benefit Plan Sponsors ,
Bi-Partison Balanced Budget Act (BBA) ,
Employee Benefits ,
Hardship Distributions ,
IRA Rollovers ,
QMAC ,
QNEC ,
Retirement Plan ,
Tax Cuts and Jobs Act ,
Wildfires
On May 18th, the U.S. Supreme Court unanimously held in Tibble et al. v. Edison International et al., No. 13-550 (S. Ct. May 18, 2015) that ordinary principles of trust law impose on ERISA fiduciaries a duty to continually...more