The Department of Labor found many violations in retirement plan audits last year, likely because plan sponsors were not regularly self-auditing plan operations.
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In her May 9, 2024 article in The Hedge Fund Journal, partner Gretchen Harders highlights key legal areas where significant legal challenges on bonus claw-backs are expected in the coming years.
Read MoreInvestment Advisers who advise IRAs and pensions have increased risk of being a “fiduciary” under this final rule.
Read MoreIA Advertising: SEC’s DOE wants advisers to see the forest AND the trees – review those ads at least twice and from more than one angle. Recent exams results warn advisers not to use advertisements that are (i) materially misleading, (ii) not fair and balanced and/or (iii) including facts that can’t be substantiated.
Read MoreCongratulations to Carol Buckmann, Co-Founder of Cohen & Buckmann, on her appointment to the 2024 Law360 Benefits Editorial Advisory Board. With her extensive experience in ERISA law and dedication to sharing industry insights, Carol will undoubtedly enrich Law360's coverage of employee benefits.
Read MoreThe FTC finalized its rule banning most non-compete contracts nationwide. This is expected to draw immediate litigation.
Read MoreWhat does a retirement plan self-audit have in common with routine auto maintenance? You really should not put it off until later! There is a big financial benefit to employers who find and fix their plan problems before the IRS and DOL do!
Read MorePlan fiduciaries need to secure in-house data and investigate their outside vendors’ procedures.
Read MoreCarol Buckmann was quoted in this Bloomberg Law article analyzing the Texas federal district court decision in Spence v. American Airlines, Inc. and American Airlines Employee Benefits Committee refusing to dismiss the case. She discussed defects in the case that would most likely have resulted in dismissal of this politically-motivated lawsuit in another court.
Read MoreCohen & Buckmann Expands, Welcomes Gretchen Harders from Epstein Becker & Green
Read MoreSECURE 2.0 allows non-highly compensated employees to contribute to emergency savings accounts. The IRS and the Department of Labor have now issued guidance clarifying the rules.
Read MoreWhen a New York employer tries to enforce a Non-Compete agreement under Delaware law, beware! The waters on the Delaware river just got rougher!
Read MorePlaintiffs want a retrial to change a jury’s determination that there were no damages from a fiduciary breach involving Yale’s retirement plan. The DOL supports them. Which standard applies?.
Read MoreThe webinar will discuss state retirement savings plan mandates, employer-sponsored plan options that can provide larger benefits than state programs, and tax incentives available to small businesses adopting new plans.
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