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…

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…

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.

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…

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…

In her new blog post for Penchecks, Carol Buckmann discusses how the decision may affect pending and future fiduciary breach cases.

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…