Defined Contribution Plan Forfeitures: Proposed Regulations and Recent Litigation
JD Supra » Erisa
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3d ago
There have been recent developments from both the Internal Revenue Service (“IRS”) and the Department of Labor (“DOL”) and pending court cases about how plan forfeitures under defined contribution retirement plans must be ..read more
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Managing the Impacts of the Change Healthcare Cyberattack
JD Supra » Erisa
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3d ago
UnitedHealth Group (“UHC”) announced on April 22, 2024, that it had paid a ransom to protect patient data potentially acquired in a late February cyberattack on its subsidiary Change Healthcare (“CHC”). In its announcement ..read more
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California Federal District Court Rules That AGG Clients’ Case Against Cigna for Institutional Practice of Under-Reimbursing...
JD Supra » Erisa
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3w ago
U.S. District Court Judge David O. Carter ruled in favor of AGG’s clients on March 18, 2024, in a case involving “matters of widescale public concern” and a strong “public interest in access” to some of Cigna’s most coveted ..read more
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A Post (f/n/a “Tweet”) to Remind Plan Sponsors of Key Considerations in Designing Severance Plans
JD Supra » Erisa
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1M ago
The recent Complaint filed for severance benefits against Elon Musk, X Corp., et.al., serves as a reminder that it is as important to clearly establish the fiduciary governance structure over severance plans subject to the ..read more
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Federal Court Blocks Illinois Equal Pay Amendment: What Employers and Staffing Agencies Need to Know
JD Supra » Erisa
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1M ago
A federal court in Chicago recently granted a preliminary injunction enjoining the Illinois Department of Labor from enforcing one of several amendments made in August 2023 to the Illinois Day Labor and Temporary Labor ..read more
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Judge Enjoins “Equivalent Benefits” Amendment to Illinois Temporary Staffing Agency Law
JD Supra » Erisa
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1M ago
On March 11, 2024, Judge Thomas M. Durkin of the U.S. District Court for the Northern District of Illinois granted plaintiffs’ motion for a preliminary injunction prohibiting the Illinois Department of Labor (DOL) from ..read more
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Merger and Acquisition Considerations for Employee Benefit Plans
JD Supra » Erisa
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2M ago
In the context of mergers and acquisitions, an acquisition target’s qualified retirement plans, health plans, executive compensation arrangements, and benefit programs (referred to collectively as “benefit programs”) can all ..read more
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The Shifting Regulatory Landscape for Level-Funded Plans: An Alternative for Group Health Insurance
JD Supra » Erisa
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2M ago
In the constantly changing health insurance landscape, level-funded health plans are steadily gaining ground as a viable middle approach between fully insured health plan and self-funded health plans—arguably offering ..read more
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Missouri Court Denies Dismissal of SIFMA Challenge to Missouri’s Anti-ESG Rules for Financial Advisers
JD Supra » Erisa
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3M ago
A federal district court in Missouri recently denied a motion to dismiss the Securities Industry and Financial Markets Association’s (“SIFMA’s”) challenge to Missouri Securities Division rules that require financial firms and ..read more
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Extended Time to Amend Tax Qualified Retirement Plans for SECURE 2.0 Act and other Legislation
JD Supra » Erisa
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3M ago
On December 20, 2023, the Internal Revenue Service (IRS) issued Notice 2024-2 to “provide guidance on discreet issues” concerning the implementation of specific provisions of the SECURE 2.0 Act of 2022 (SECURE 2.0 ..read more
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