Insights

$13 Million Settlement By USC Shows That ERISA Litigation Continues to Be Costly-Good Governance Helps

Universities have been targeted in excessive fee lawsuits. Many have resulted in costly setlements, but good practices can help.

Fiduciary AdviceJeff MamorskyAugust 10, 2023403(b)plans, ERISA, Litigation

Protecting 401(k) Participants from Cybertheft Should be a Priority-What Sponsors and the Government Can Do

No federal law guarantees restoration of a participant’s account if it is stolen by a cyberthief. ERISA and state law might provide remedies if a participant can establish breach of fiduciary duty or negligence, but plan sponsors and the government can do more to deal with this problem.

Fiduciary Advice, Qualified Retirement PlanCarol BuckmannJuly 16, 2023cybersecurity, erisa

IRS Notice 2023-43 Continues the Expansion of EPCRS

SECURE 2.0 expands the ability of plan sponsors to self-correct inadvertent plan errors without making a formal IRS filing. In Notice 2023-43, the IRS provides guidance to follow until a revised revenue procedure can be issued.

SECURE 2.0, Qualified Retirement PlanTerry MooreJuly 7, 2023EPCRS, secure2.0, selfcorrection

Should Congress Micromanage 401(k) Investments?

Two recently introduced bills would restrict or discourage classes of retirement plan investments. Is this the right policy?

NYC Pension Funds Suit Illustrates the Importance of ERISA

A lawsuit challenging the divestment of fossil fuel investments by three New York City pension plans puts a spotlight on the need to follow good fiduciary processes.

Fiduciary AdviceJeff MamorskyJune 13, 2023publicplans, erisa, esginvestment

Cohen & Buckmann Recognized by Chambers & Partners

Cohen & Buckmann is top-ranked by Chambers & Partners USA Guide for the third year running.

Firm NewsSandra CohenJune 11, 2023

Are All ESG Investments Imprudent? A Plaintiff Suing American Airlines Says Yes

ESG investments are a minefield in the current political environment. A new lawsuit filed against American Airlines and its fiduciaries tries to target all ESG investments as imprudent.

In the Room Where it Happened . . .

Take a peak in the room where it happened. Our partner Jeff Mamorsky describes the origins of ERISA, and his early career events.

Sandra CohenJune 6, 2023

The New Roth Catch-up Requirement Needs Clarification-What Are Plan Sponsors to Do?

A short provision of SECURE 2.0 raises a long list of compliance questions. Here are some of them.

Law 360 Article: Fiduciaries Must Revisit ERISA Origins

In this article published May 24, 2023 by Law360, ERISA attorney Jeff Mamorsky explores the history of ERISA and why the underpinnings of ERISA are more important than ever.

Fiduciary Advice, Qualified Retirement PlanJeff MamorskyMay 24, 2023

Cohen & Buckmann Expands; Adds Mamorsky and Moore to ERISA Team

Cohen & Buckmann’s ERISA and tax qualified plan offerings are expanded with the addition of prominent duo from Greenberg Traurig, Jeff Mamorsky and Terry Moore.

Firm News, Fiduciary Advice, Qualified Retirement PlanSandra CohenApril 29, 2023