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Drinker Biddle and Reath Attorneys Comment Letter to DOL on Proposed Fee Disclosure Guide (PDF)

"We respectfully request further clarification on the following seven specific aspects of the rule: [1] Objective parameters for defining multiple or lengthy documents; [2] Objective parameters for defining a sufficiently specific locator; [3] The relationship between the Guide requirement and the change notices mandated under the 408b-2 regulation; [4] Whether the Guide requirement will apply only prospectively or also retroactively following the amendment's effective date; [5] Availability of relief for inadvertent errors or omissions within the Guide; [6] Clarification as to the requirement that the Guide be provided as a separate document; and [7] Clarification of the requirement to 'furnish' the Guide and 'disclose' changes to the Guide."

Drinker Biddle Plan Sponsor Newsletter, April 2013 (PDF)

This newsletter's articles include [1] Five Practical Tips for Plan Committees to Avoid Fiduciary Liability; [2] Check Your Plan Loan Administration; [3] DOL "Tips" for Selecting Target Date Funds; [4] What Plan Sponsors Need to Know About a "Limited Scope Review"; and [5] Accountant's Audits of Retirement Plans.

Drinker Biddle ERISA Newsletter for Retirement Plan Service Providers, November 2012 (PDF)

Articles include: [1] DOL Advances (and Then Retreats) on Brokerage Windows -- What May be Next? [2] 408(b)(2) Disclosures -- Now What? [3] A Ripe Opportunity for Advisers -- The Benefits of a Service Provider Agreement; [4] The DOL is Paying Attention to that Additional Compensation -- You Should Too; [5] DOL Service Provider Investigations; [6] Next Steps for Service Providers to "Open" Multiple Employer Plans.

Drinker Biddle's ERISA Litigation Newsletter, April 2012 (PDF)

Articles include: Court Limits Hospital's Rights to Recover Through Assignment; Confidentiality Has Its Limits: The Fiduciary Exception to the Attorney-Client Privilege; and, The ERISA Church Plan Exception.

Drinker Biddle Retirement Income Team Newsletter, October 2012 (PDF)

Articles include: Selecting an Annuity Provider; Mutual Funds and Lifetime Income Guarantees; Use of Longevity Annuity Contracts by Defined Contribution Plans; and Contingent Deferred Annuities: NAIC Update.

Paid Leave for Any Reason Is Coming to Illinois

"The bill ... would require nearly all employers with one or more employees working in Illinois to provide paid leave. Leave would begin to accrue on January 1, 2024 ... [C]overed employers could impose a 90-day waiting period before leave may be used. With limited exceptions, all employees would be eligible to accrue leave[.]"

Michigan Court Reinstitutes More Generous Paid Sick Time Law, Effective Immediately

"Unless the Michigan Court of Appeals or Supreme Court issues a stay pending an appeal, ... [all] Michigan employees are now eligible for paid sick leave, including previously exempted part-time, executive, administrative, professional, and outside sales employees. Employers must provide 1 hour of sick leave for every 30 hours worked (instead of the prior 1:35 ratio). Employers with less than 10 workers may cap paid time off at 40 hours annually; all others must provide employees up to 72 hours of paid time off annually."

COVID-19 Vaccination Questions and Issues for Employer Policy Planning

"[This article provides] a list of issues organizations should consider as they set policy and communication plans regarding on-site work and COVID-19 vaccines. [It also describes] issues to consider with regard to the practical application of any such policy and the development of related communications to employees or others."

Uncertainty Remains for Texas Paid Sick Leave Ordinances

"Over the past two years, city councils in three of the four largest cities in Texas — Austin, San Antonio, and Dallas — each have passed ordinances requiring local employers to provide their employees with paid sick leave. In each instance, the new proposed ordinance was met with fierce resistance from local businesses, staffing agencies and professional associations. ... The ordinances in all three cities are similar and contain some of the same key features but each also has its own distinguishing characteristics[.]"

2019 ACA Information Reporting: IRS Extends Deadline and Good Faith Relief

"[Notice 2019-63] extended the deadline to March 2, 2020, for employers and health insurance providers to provide individuals with 2019 Forms 1095-B and 1095-C (previous date was January 31, 2020). Nonetheless, the IRS encourages employers and other coverage providers to furnish 2019 statements as soon as possible."