"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
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"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
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"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
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[Opinion]
"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
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Benefits in General
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[Guidance Overview]
"[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
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"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.
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"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
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Executive Compensation and Nonqualified Plans
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[Guidance Overview]
"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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Selected Discussions on the BenefitsLink Message Boards
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"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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