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Action Steps When an Employer Receives a Withdrawal Liability Assessment

"If the [multiemployer pension plan (MPP)] reasonably determines that additional information is necessary to issue the assessment, ERISA requires the employer to furnish the MPP with such information within 30 days of receiving a written request from the MPP."

Frost Brown Todd LLC

T. Rowe Price ERISA Self-Dealing Lawsuit Will Go to Trial

"Though he expressed doubt about plaintiffs' path to victory in the lawsuit, a federal judge determined they met the minimum requirements to avoid summary judgment in favor of the defendants." [Feinberg v. T. Rowe Price, No. 17-427 (D. Md. Feb. 10, 2021)]

PLANSPONSOR; free registration may be required

New York City Public Educator Pensions Rise Again

"The pension benefits collected by 969 teachers, college instructors, and school administrators who retired in 2019 with at least 30 years of service credit and received a full year of pension benefits in 2020 averaged $75,212."

Empire Center for Public Policy

Auto-Enrollment Retirement Plans for the People: Choices and Outcomes in OregonSaves

"Within the small to mid-sized firms served by OregonSaves, estimated average after-tax earnings are low ($2,365 per month) and turnover rates are high (38.2% per year). Younger employees and employees in larger firms are less likely to opt out, but participation rates fall over time."

National Bureau of Economic Research [NBER]; purchase required for full document


Pension Rights Center Welcomes DOL Guidance on Missing Participants

"Congress is currently considering legislation that would create a lost plan registry that will help solve this problem for the future. The [DOL's] best practices guide will complement that legislative initiative by encouraging companies to seek out former employees who are currently looking for their plans."

Pension Rights Center

Benefits in General

[Guidance Overview]

Upcoming Deadline iconConsolidated Appropriations Act Provisions That May Require Immediate Action (PDF)

"[1] Partial termination relief ... [2] Disaster-related distribution and loan relief ... [3] Money purchase pension plan distributions ... [4] Flexible spending account (FSA) relief ... [5] Health plan transparency regulations ... [6] No surprise billing ... [7] ACA provider non-discrimination regulations ... [8] State all payer claims databases ... [9] Fee disclosures ... [10] Student loan repayment."

Boutwell Fay LLP

The Year Ahead: COVID-19's Impact on the Employee Benefits Value Proposition [Podcast]

"Employers need to reevaluate their employee benefit programs and policies in light of the COVID-19 pandemic, tailoring their offerings to meet employee needs and considering the relief made available with the passage of the CARES and SECURE Acts."

Jackson Lewis P.C.

In Memoriam: Peter E. Haller

"It is with great sadness that the partners, counsel, associates and staff of Willkie Farr & Gallagher LLP mourn the untimely passing of our partner, colleague and friend, Peter E. Haller. Peter was a partner in the Executive Compensation & Employee Benefits Department and leader for the ERISA fiduciary practice."

Willkie Farr & Gallagher

Executive Compensation
and Nonqualified Plans

[Guidance Overview]

IRS Issues Final Regs on Excess Compensation in Tax-Exempt Organizations

"These final regulations [issued on Jan. 11, 2021] were largely similar to the proposed regulations.... The final regulations will apply to taxable years beginning after December 31, 2021. Until the final regulations go into effect, taxpayers may apply the final regulations. They may also rely on the guidance provided in Notice 2019-09 or in in the proposed regulations[.]"

Moss Adams LLP

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Amended 5500 - Does It Show on EFAST2?

"Plan Sponsor just amended a prior year 5500. The EFAST2 search now does not show any 5500 for that year -- original or amended. Just curious if this is standard, or if something might have gone wrong with filing?"

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Press Releases

TRA Celebrates 25th Anniversary
The Retirement Advantage [TRA]

Most Popular Items in the Previous Issue

DOL Confirms Effective Date for Investment Advice Exemption
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]

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Whittier, North Carolina 28789
(407) 644-4146

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Lois Baker, J.D., President
David Rhett Baker, J.D., Editor and Publisher
Holly Horton, Business Manager

BenefitsLink Retirement Plans Newsletter, ISSN no. 1536-9587. Copyright 2021, Inc. All materials contained in this newsletter are protected by United States copyright law and may not be reproduced, distributed, transmitted, displayed, published or broadcast without the prior written permission of, Inc., or in the case of third party materials, the owner of those materials. You may not alter or remove any trademark, copyright or other notices from copies of the content.

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