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Nov 6, 2024 | 
mondaq.com | Lisa Carrasco |Andrew J. Fawbush |Don A. Mazursky
The IRS has released the 2025 cost-of-living adjustments
applicable to the dollar limitations on benefits and contributions
of retirement plans and health and welfare benefit plans. We
recommend plan sponsors update their systems and formulas to
include the limits that have been adjusted.
For a printable version of this chart, click here.
The content of this article is intended to provide a general
guide to the subject matter.
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Nov 4, 2024 | 
jdsupra.com | Lisa Carrasco |Andrew J. Fawbush |Don A. Mazursky
Effective: January 1, 2025The IRS has released the 2025 cost-of-living adjustments applicable to the dollar limitations on benefits and contributions of retirement plans and health and welfare benefit plans. We recommend plan sponsors update their systems and formulas to include the limits that have been adjusted.
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Jul 11, 2024 | 
jdsupra.com | Lisa Carrasco |Jordan Harcombe
In an opinion announced on June 28, 2024, the Supreme Court overturned Chevron U.S.A., Inc. v. Natural Resources Defense Council, which set forth the decades-old Chevron doctrine (also known as Chevron deference). The doctrine required a court to give deference to a government agency’s reasonable interpretation of an ambiguous statute even if such reviewing court read the statute differently. The Supreme Court, in Loper Bright Enterprises v.
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Jul 3, 2024 | 
mondaq.com | Lisa Carrasco |Jordan Harcombe
In an opinion announced on June 28, 2024, the Supreme Court
overturned Chevron U.S.A., Inc. v. Natural Resources Defense
Council, which set forth the decades-old Chevron doctrine
(also known as Chevron deference). The doctrine required a court to
give deference to a government agency's reasonable
interpretation of an ambiguous statute even if such reviewing court
read the statute differently.
The Supreme Court, in Loper Bright Enterprises v.
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Feb 26, 2024 | 
mondaq.com | Laura Andrew |Don A. Mazursky |Kelly Meyers |Lisa Carrasco
History of 401(k) Plan Excessive Fee Cases. Once the Department of Labor's participant fee disclosure rules
for retirement plans became effective in 2012, the plaintiffs'
bar latched onto recordkeeping and investment fees paid by 401(k)
plans, and the number of lawsuits claiming excessive fees exploded. In the early cases, participants filed lawsuits against the
plans' recordkeepers claiming that they overcharged the plans.
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Feb 19, 2024 | 
jdsupra.com | Laura Andrew |Lisa Carrasco |Don A. Mazursky
History of 401(k) Plan Excessive Fee Cases. Once the Department of Labor’s participant fee disclosure rules for retirement plans became effective in 2012, the plaintiffs’ bar latched onto recordkeeping and investment fees paid by 401(k) plans, and the number of lawsuits claiming excessive fees exploded. In the early cases, participants filed lawsuits against the plans’ recordkeepers claiming that they overcharged the plans.
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Nov 2, 2023 | 
jdsupra.com | Lisa Carrasco |Andrew J. Fawbush |Don A. Mazursky
Effective: January 1, 2024 The IRS has released the 2024 cost-of-living adjustments applicable to the dollar limitations on benefits and contributions of retirement plans and health and welfare benefit plans. We recommend plan sponsors update their systems and formulas to include the limits that have been adjusted.
Please see full Article below for more information.
Download PDF
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Oct 5, 2023 | 
jdsupra.com | Lisa Carrasco
Group health plans must submit an annual attestation confirming agreements entered into with service providers do not contain “gag clauses,” which are limitations regarding the plan’s ability to access certain de-identified claims data or disclose provider-specific information to third parties, including plan participants. The first attestation is due by December 31, 2023, and will cover the period of December 27, 2020 through December 31, 2023.
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Aug 29, 2023 | 
jdsupra.com | Lisa Carrasco |Don A. Mazursky |Jordan Harcombe
On Friday, the Internal Revenue Service (“IRS”) released Notice 2023-62 (the “Notice”) providing welcome relief to plan sponsors with respect to the new SECURE 2.0 requirement that all catch-up contributions made by high-income employees be treated as Roth. This provision was set to become effective for taxable years beginning after December 31, 2023—however, the newly released guidance announced a two-year transition period for this requirement.
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May 10, 2023 | 
jdsupra.com | Lisa Carrasco |Matthew Clarke |Yash B. Dave
May 25th, 2023 9:00 AM - 1:30 PM EDT Smith Gambrell Russell1105 W. Peachtree St. NE, Suite 1000Atlanta, GA 30309 Lunch provided. Join SGR’s Labor & Employment group for the latest on navigating Human Resources in 2023.
