Michael Gorman

Morgan Lewis

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Latest Posts › Benefit Plan Sponsors

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Dont Forget to Invite the Committee to the Party Fiduciary Committees as Parties to a Vendor Contract

In many situations, practitioners recommend establishing a fiduciary committee to oversee ERISA-covered employee benefit plans. There are several reasons for this, including providing a well-defined process for...more

1/24/2025 / Benefit Plan Sponsors , Contract Terms , Employee Benefits , Employee Retirement Income Security Act (ERISA) , Fiduciary Duty , Plan Administrators , Retirement Plan , Risk Management , Third-Party Service Provider

DOL Continues Active ERISA Enforcement and Focus on Cybersecurity Including Health and Welfare Plans

The Employee Benefits Security Administration (EBSA) of the US Department of Labor (DOL) has continued to be active in civil and criminal enforcement investigations of ERISA’s fiduciary duties. This blog post details two...more

2/17/2023 / Benefit Plan Sponsors , Cybersecurity , Department of Labor (DOL) , EBSA , Employee Benefits , Employee Retirement Income Security Act (ERISA) , Employer Liability Issues , Fiduciary Duty , Health and Welfare Plans , Health Insurance Portability and Accountability Act (HIPAA)

Could Sponsoring a Pooled Employer Plan Grow Your Business?

While large financial institutions with significant expertise in retirement plan administration are widely expected to sponsor most pooled employer plans (PEPs), other firms (such as franchisors, gig economy employers, joint...more

5/20/2022 / Benefit Plan Sponsors , Department of Labor (DOL) , Employee Benefits , Employee Retirement Income Security Act (ERISA) , PEP , Retirement Plan , SECURE Act

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