Key Takeaways:
Board’s Duty to Monitor the Trustee: A company’s board of directors has a fiduciary duty to monitor the ESOP trustee’s actions in an ESOP transaction, ensuring that the trustee is acting in the exclusive...more
On January 16, 2025, the Employee Benefits Security Administration (EBSA) at the Department of Labor (DOL) released drafts of long-awaited proposed regulations seeking to clarify the definition of “adequate consideration” as...more
1/20/2025
/ Department of Labor (DOL) ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
ESOP ,
Fiduciary Duty ,
Proposed Regulation ,
Proposed Rules ,
Regulatory Agenda ,
Retirement Plan ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Stock Ownership
The Department of Labor, Internal Revenue Service, and Pension Benefit Guaranty Corporation recently issued final rules on employee benefit plan annual reporting requirements that are effective for plan years beginning on or...more
4/19/2023
/ 401k ,
403(b) Plans ,
Compensation & Benefits ,
Department of Labor (DOL) ,
Employee Benefits ,
Final Rules ,
Form 5500 ,
IRS ,
PBGC ,
Reporting Requirements ,
Required Forms ,
Retirement Plan ,
Tax Audits
On December 12, 2019, Congress passed the “Setting Every Setting Every Community Up for Retirement Enhancement Act of 2019” (the “SECURE Act”). The SECURE Act included provisions regarding part-time employees that may require...more
Earlier this year, the U.S. Department of Labor (“DOL”) and the Internal Revenue Service (“IRS”) issued new guidance and rules pertaining to retirement plans. ...more
IRS Issues Long Awaited Guidance on Application of US v. Windsor to Retirement Plans -
New IRS guidance means that action is required by employers sponsoring qualified retirement plans if the terms of the plan are...more
On July 2, 2013, the U.S. Treasury announced that the Obama Administration is implementing a one-year delay of the employer and insurer reporting requirements under the Affordable Care Act of 2010 ("ACA"). ...more
7/10/2013
/ Affordable Care Act ,
Deadlines ,
Delays ,
Employer Group Health Plans ,
Employer Mandates ,
Fees ,
Form 720 ,
Healthcare ,
Marketplace Notice ,
Pay or Play ,
PCORI ,
Shared Responsibility Rule ,
U.S. Treasury