In 2021, the Department of Labor (DOL) issued an information letter that some interpreted as green lighting private equity investments through 401(k) plans. The DOL has issued new guidance for fiduciaries clarifying that it hasn’t endorsed these investments and discussing
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Bitcoin in Your 401(k)? DOL Cautions Fiduciaries About Cryptocurrency Risks
Participants are pressing plan sponsors to make cryptocurrency investments available in their 401(k) plans. While Bitcoin may immediately come to mind when cryptocurrency is mentioned, there are at least 100 types of cryptocurrency now available to investors. Participants and fiduciaries…
Supreme Court Decision Impacts 401(k) Plan Litigation
In her new blog post for Penchecks, Carol Buckmann discusses how the decision may affect pending and future fiduciary breach cases.
On the Hunt for Good Fiduciary Processes? What to do after the Supreme Court Decision in Hughes
Authored By Ben JosselsohnThe Supreme Court recently handed down its eagerly awaited decision in Hughes v. Northwestern University. Plan sponsors and 401(k) and 403(b) plan administrators had hoped the decision would create clearer pleading standards to free them from…
ERISA Lessons in ESOP Settlement: Law360 Article Authored by Carol Buckmann
Carol Buckmann’s article on ESOP litigation, “Settlement Holds ERISA Lissons for Private Co. Directors” was published by Law360 on January 24, 2022. You can read the full article here:
New Decision Sends Excessive Fee Suit to Arbitration
Since the U.S. Supreme Court issued two decisions upholding mandatory arbitration of employment disputes, plan sponsors have been considering the use of mandatory arbitration to avoid 401(k) and 403(b) plan fiduciary breach lawsuits and class actions. However, the Supreme Court…
Ben Josselsohn Joins Cohen & Buckmann
We’re pleased to announce the addition of Ben Josselsohn, a well-known leader in executive compensation, employee benefits and related tax and regulatory compliance and disclosures, shareholder engagement and corporate governance. Prior to joining the firm, Ben spent the past 25…
Is a PEP Right for You?
Carol’s latest article for RPA Convergence discusses this new option for outsourcing fiduciary responsibility. More employers should consider PEPs, but they won’t be right for everyone.
Cohen & Buckmann Elevates New Partner
Cohen & Buckmann p.c. is pleased to announce attorney Lauri B. London’s elevation to partner. Lauri advises investment advisers, as well as executives and entrepreneurs in many industries. These clients look to her sophisticated advice on matters ranging from executive…
What to Keep on Your Radar and a Wish List for 2022
2022 promises to be a significant year for employee benefits. 2021 set the stage for some major developments in the year ahead. Here are some things to watch out for and to hope for in 2022.1. The Supreme Court Could…