The recent federal district court decision in Faulk Company, Inc. v. Xavier Becerra, et al., No. 24-cv-00609-P (N.D. Tex. 2025) significantly alters the primary mechanism used by the U.S. Department of Health and Human...more
6/23/2025
/ Affordable Care Act ,
Appeals ,
Compensation & Benefits ,
Corporate Counsel ,
Department of Health and Human Services (HHS) ,
Employee Benefits ,
Employer Liability Issues ,
Enforcement ,
Health Insurance ,
IRS ,
Judicial Authority ,
Regulatory Requirements ,
Shared Responsibility Rule ,
Statutory Interpretation ,
Tax Liability
Many employer-sponsored defined contributions plans, including 401(k) profit sharing plans and money purchase pension plans include a vesting schedule – a period over which a plan participant earns a nonforfeitable right to...more
2/3/2025
/ 401k ,
Benefit Plan Sponsors ,
Breach of Duty ,
Compensation & Benefits ,
Corporate Counsel ,
Employee Benefits ,
Employee Retirement Income Security Act (ERISA) ,
Employer Contributions ,
Employment Litigation ,
ERISA Litigation ,
Fiduciary Duty ,
Financial Services Industry ,
Pensions ,
Plan Administrators ,
Profit Sharing ,
Prohibited Transactions ,
Retirement Plan
The U.S. Departments of Labor, the Internal Revenue Service and the Department of Health and Human Services recently issued guidance clearly stating that employers may not, without incurring penalties, reimburse employees who...more