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Hall Benefits Law
The U.S. Department of Labor (DOL) recently filed suit against the Blue Cross and Blue Shield of Minnesota (BCBSM), alleging various violations...
Bass, Berry & Sims
The U.S. Department of Labor issued final regulations on April 23, expanding the definition of "fiduciary" under ERISA. The final regulations alter the definition of "investment advice fiduciary"...
Dechert
On April 3, 2024, the Department of Labor (the "DOL") issued its final amendment ("Final Amendment") to Prohibited Transaction Class Exemption 84-14, commonly referred to as the "QPAM Exemption".
Mintz
Of Counsel Michelle Capezza spoke to Fiduciary News examining the objectives and implications of the Department of Labor's new fiduciary rule.
Foley Hoag LLP
The U.S. Department of Labor ("DOL") has amended the qualified professional asset manager ("QPAM") class prohibited transaction exemption 84-14 ("QPAM Exemption"), effective as of June 17, 2024 ("QPAM Amendment").
Groom Law Group
On April 23, 2024, the Department of Labor ("DOL") released its new fiduciary investment advice definition in a package titled the "Retirement Security Rule" (the "2024 Package").
Ogletree, Deakins, Nash, Smoak & Stewart
On April 23, 2024, the Federal Trade Commission (FTC) adopted a final rule that effectively prohibits the use of almost all non-compete clauses.
Groom Law Group
On April 16, 2024, the IRS issued Fact Sheet 2024-13, which includes FAQs addressing the tax treatment of employer-provided work-life referral services.
Proskauer Rose LLP
A federal district court in Massachusetts dismissed ERISA fiduciary breach and prohibited transaction claims against 401(k) plan fiduciaries, ruling that the prohibited transaction.
Reinhart Boerner Van Deuren s.c.
In March 2024, three class action lawsuits were filed by former plan participants against plan fiduciaries in connection with pension risk transfers to Athene Holding Ltd.
Nossaman LLP
In surprising news for the California county retirement system community, on April 17, 2024, the California Supreme Court granted review of Ventura County Employees' Retirement Ass'n v. Criminal Justice Attorney's Ass'n of Ventura County (2024) 98 Cal.App.5th 1119 (the VCERA decision).
Ogletree, Deakins, Nash, Smoak & Stewart
On March 18, 2024, Judge Thomas M. Durkin, sitting in the U.S. District Court for the Northern District of Illinois, Eastern Division, entered a preliminary injunction order enjoining...
Bass, Berry & Sims
As mentioned in our recent blog post, the recently filed class action lawsuit against Johnson & Johnson (Lewandowski v. Johnson & Johnson et. al., D.N.J., No. 1:24-cv-00671 (Feb. 5, 2024))...
Groom Law Group
The SECURE 2.0 Act of 2022 directed the Department of Labor ("DOL") to establish a database that individuals can search to help locate their retirement benefits.
Proskauer Rose LLP
On April 3, 2024, the U.S. Department of Labor (the "DOL") published in the federal register a final amendment to Prohibited Transaction Class Exemption 84-14 (the "QPAM Exemption")...
Kutak Rock LLP
A growing number of states are requiring certain entities to enroll employees in a retirement program managed by the state...
Ogletree, Deakins, Nash, Smoak & Stewart
In February 2024, California State Senator Dave Cortese introduced Senate Bill (SB) 1299. The bill would add section 3212.81 to the California Labor Code to establish a workers' compensation...
Seyfarth Shaw LLP
Released by the IRS in the final days of 2023, Notice 2024-2 offers guidance on several aspects of the SECURE 2.0 Act, particularly focusing on instructions related to designated Roth matching ...
Bass, Berry & Sims
While the sweltering roil of temporary regulatory changes related to the COVID-19 pandemic may have cooled and the initial burst of SECURE 2.0 steam begins...
Kaufman Rossin
On the one hand, Social Security provides higher monthly benefits for those who are willing to wait. In fact, when financial economists crunch the average numbers...
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