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United States - Employee Benefits & Compensation - Excessive Fees Or Incessant Litigation – Time For Legislative And Employer Action On Retirement Plans!

United States - Employee Benefits & Compensation - Excessive Fees Or Incessant Litigation – Time For Legislative And Employer Action On Retirement Plans!
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New jerseyUnited statesCan congressNortheastern universityEmployee retirementIncome security act

The Long Read - Lifetime Income Products In CITs On The Rise - Employee Benefits & Compensation

Following the shift from defined benefits plans to 401(k) plans, we are increasingly seeing asset managers develop collective investment trusts ("CITs") with in-plan "lifetime income" products.

United statesBernie sandersAlliance for lifetime incomeUs department of laborSenate committee on healthSetting every communityEmployee retirementIncome security actSenator bernie sandersLifetime incomeRetirement enhancement actThe long read lifetime income products in cits on riseEmployment and hrEmployee benefits amp compensationUperannuation amp pensions

Johnson & Johnson Litigation Highlights Significant Risks For Health And Welfare Plan Fiduciaries - Employee Rights/ Labour Relations

In our June 2023 Client Alert, we predicted a heightened risk of litigation following passage of the Consolidated Appropriations Act, 2021 ("CAA").

Appropriations actEmployee retirementIncome security actTransparency facilitatesIgnore differences between retirementJohnson amp litigation highlights significant risks for health and welfare plan fiduciariesEmployment and hrEmployee benefits amp compensationEmployee rights labour relationsHealth amp safetyUperannuation amp pensionsLife sciences

DOL Finalizes More Stringent Procedures For Requesting Prohibited Transaction Exemptions - Employee Rights/ Labour Relations

The Department of Labor's ("DOL") prohibited transaction exemption procedures provide an opportunity for plan sponsors, service providers, industry groups, or others to apply for permission.

United statesDepartment of laborEmployee retirementIncome security actFinal amendmentsInternal revenue codeProfessional asset managersIndependent fiduciaryBetween independent fiduciariesEmployee retirement system actAdditional informationOngoing reportingRevocations after grantDol finalizes more stringent procedures for requesting prohibited transaction exemptionsEmployment and hrEmployee benefits amp compensation

Emergency court order will protect retirement plans impacted by local company s alleged embezzlement – WPXI

Emergency court order will protect retirement plans impacted by local company s alleged embezzlement – WPXI
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United statesSamantha thomasPaul palgutaUnited states department of laborDepartment of laborUs department of laborDepartment of labor employee benefits security administrationRiversedge advanced retirement solutionsUnited states departmentEmployee retirementIncome security actEmployee benefits security administrationActing regional solicitorLabor samantha thomas