If your business doesn’t sponsor a retirement plan, you may be covered by state or city mandatory auto-IRA programs. These are being established by a growing number of states to help close the retirement savings gap. Carol Buckmann’s new article
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Industry Groups Push Back-Why the DOL Should Partner with Stakeholders to Revise Its Cryptocurrency Guidance
When the DOL issued its Compliance Assistance Release (CAR) 2022-01 in March, it aroused a hornet’s nest. Plan sponsors and vendors were beginning to respond to demand from participants wanting to invest in Bitcoin and other cryptocurrencies through their 401(k)…
Settling Employment Disputes: Tax Aspects
While the parties in an employment dispute are focused on settlement, their counsel should be also planning for the taxation of the settlement proceeds. The substance of the underlying claim will drive the tax result. For instance, most employment settlements…
Compensation Highlights: President Biden's FY2023 Budget Priorities
April 7, 2022The Office of Management and Budget last week released the Biden Administration’s budget proposal for the 2023 fiscal year, which commences on October 1, 2022. In parallel, the Department of the Treasury released General Explanations of the Administration’s…
In the News-401ktv Article Quotes Carol Buckmann
401ktv explores the issues arising when 401(k) plan assets are invested in private equity in this article, which quotes extensively from Carol’s analysis published in Investment News.
Private Equity and 401(k) Plans-Do They Belong Together?
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…
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: